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HFCL spurts after new order win

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surged 5% to Rs 28.35 at 10:21 IST on after the company bagged an advance purchase order for Rs 579 crore approx from BSNL for building 2G network in

The announcement was made after market hours yesterday, 10 April 2018.

Meanwhile, the Sensex was down 49.37 points, or 0.15% to 33,830.88.

On the BSE, 14.89 lakh shares were traded in the counter so far, compared with average daily volumes of 11.64 lakh shares in the past two weeks. The stock had hit a high of Rs 28.65 and a low of Rs 27.50 so far during the day. The stock hit a 52-week high of Rs 36.65 on 11 January 2018. The stock hit a 52-week low of Rs 11.85 on 30 June 2017.

(HFCL) said that the company has received an advance purchase order worth Rs 579 crore approx. from (BSNL), vide its letter dated 9 April, 2018.

The order is for survey, planning, supply, installation, testing, commissioning, integration with existing core network and operation and maintenance for five years of 2G global system for mobile (GSM) base service set (BSS) network through radio and backhaul in uncovered villages of Karbi Anglong & Dima Haso districts of The network will include 924 BTS sites and cater to 1313 villages.

Net profit of rose 116.26% to Rs 45.48 crore on 79.19% rise in net sales to Rs 714.42 crore in Q3 December 2017 over Q3 December 2016.

Himachal Futuristic Communications is a leading manufacturer of cables, optical transport, and equipment for the telecommunication industry.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 10:27 IST