 "HFCL to start Chennai optical fibre plant from Nov 15")
Himachal Futuristic Communication Ltd (HFCL), manufacturer of optical fibres and telecom equipment said it would start commercial production of optical fibre from its Chennai plant from November 15 onwards.
"The impact of this expansion will be visible in the next fiscal," said Mahendra Nahata, managing director, HFCL.
It already has manufacturing facilities in Himachal Pradesh and Goa.
The company, which posted weak revenue growth in July-September quarter, said the sales was impacted by rainy season which impacts project implementation. While its net profit rose 4 per cent year-on-year to Rs 71.88 crore, revenue declined by 9.7 per cent to Rs 587.52 crore.
It is expecting bright prospects in the second half of the current fiscal based on strong order book it has. The total order book as of today stands around Rs 2,700 crore, HFCL said.