Himachal Futuristic Communications (HFCL) has received an approval for setting up an Optical Fibre Manufacturing Facility as a backward integration of optical fibre cable manufacturing at Hyderabad having capacity of around six million fibre kilometre per annum. The Board of Directors of the Company has approved the same at their meeting held on August 10, 2017.
The project will be to reduce the input cost and to overcome the worldwide shortage of fibre supply and the estimated cost of it will be Rs 225 crore. The same is proposed to be funded by way of debt, internal accruals, fresh funding, etc. The facility is likely to be operational in eighteen months time.
Himachal Futuristic Communications (HFCL) is engaged in the manufacturing of telecom equipments and provides turnkey services. The manufacturing facilities of the company are located in Solan, Himachal Pradesh (assembly line), and Salcete, Goa (optical fibre cables).
