HFCL advances after new order win

Himachal Futuristic Communications rose 1.44% to Rs 21.15 at 10:38 IST on BSE after the company won overseas contracts worth Rs 148 crore from Larsen & Toubro.

The announcement was made yesterday, 23 December 2018.

Meanwhile, the S&P BSE Sensex was down 57.13 points, or 0.16% to 35,684.94

On the BSE, 4.18 lakh shares were traded in the counter so far, compared with average daily volumes of 8.92 lakh shares in the past two weeks. The stock had hit a high of Rs 21.80 and a low of Rs 21 so far during the day.

Himachal Futuristic Communications (HFCL) announced that it has been awarded two contracts totalling Rs 148 crore by L&T to execute the Telecommunication Systems projects for the Mauritius Metro Express Project and for the Dhaka Metro Mass Rapid Transit System. The Mauritius Metro Express Project is along a 26 km route that will connect Curepipe to Immigration Square in the capital Port Louis and will feature 19 stations. The Dhaka Metro Mass Rapid Transit System Project is along a 20 km route and is an elevated metro rail system with 16 Stations and a Maintenance Depot, connecting Uttara and Motijheel.

Net profit of Himachal Futuristic Communications rose 57.97% to Rs 39.76 crore on 97.64% rise in net sales to Rs 1137.41 crore in Q2 September 2018 over Q2 September 2017.

HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its manufacturing facilities at Solan, Goa and Chennai.

Powered by Capital Market - Live News