Due to a new order win from RVNL Ltd., HFCL Ltd.'s shares increased by more than 2% today. HFCL received advance purchase orders totaling Rs 2,167.65 crore for the provision of telecom equipment, optical fiber cables, and related accessories for the BharatNet Phase III in Uttar Pradesh.
The stock of HFCL rose 2.13% intraday to Rs 103.25 from the previous close of Rs 100.95 on the Bombay Stock Exchange. At Rs 102.85, HFCL's stock opened higher on the BSE.
In comming three years, the supply order is expected to be completed. Moreover, the order also includes a one-year warranty and ten years of maintenance for the telecom equipment.The BharatNet Phase III in Uttar Pradesh (East) and Uttar Pradesh (West) Telecom Circles is the subject of the orders.
Both Rs 430.82 crore in operating expenses and Rs 1,736.83 crore in capital expenditures are included in the total cost.
HFCL Limited is mainly involved in the production of intelligent power systems, optical fiber cables, and telecommunications equipment. The business manufactures power electronics, broadband equipment, optical fiber cables, and optical transport for the telecom sector, among others.
