HFCL pockets Rs 39 crore order from Reliance Projects | Techno Glob

HFCL said it received purchase orders totaling Rs 39.19 crore from Reliance Projects & Property Management Services for the provision of long distance fiber optic network deployment services.

The long distance fiber network would be deployed by one of the leading private telecom operators in the country in various telecom circles.

The order must be filled by May 2023, the company said.

HFCL is a technology company engaged in the manufacture of high-end transmission and access equipment, optical fibers and optical fiber cables (OFC). It specializes in building modern communications networks for telecommunications service providers, railways and defence.

The company’s consolidated net profit (from continuing operations) fell by 41.45% to Rs 53.10 crore on a 12.9% drop in net sales to Rs 1,051.02 crore in Q1 FY23 compared to T1 FY22.

The certificate rose by 0.32% to currently trade at Rs 77.60 on BSE.

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