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HFCL surges on bagging order worth Rs 1,248 crore from BSNL

07 Nov 2017 Evaluate

Himachal Futuristic Communication (HFCL) is currently trading at Rs. 31.65, up by 1.35 points or 4.46% from its previous closing of Rs. 30.30 on the BSE.

The scrip opened at Rs. 31.80 and has touched a high and low of Rs. 31.80 and Rs. 31.35 respectively. So far 13,75,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.95 on 18-Sep-2017 and a 52 week low of Rs. 11.09 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 31.80 and Rs. 27.30 respectively. The current market cap of the company is Rs. 3,928.00 crore.

The promoters holding in the company stood at 38.30%, while Institutions and Non-Institutions held 12.49% and 49.21% respectively.

Himachal Futuristic Communication has received the Purchase Order worth Rs 1,248 crore (approx) from Bharat Sanchar Nigam (BSNL), New Delhi for DWDM equipments to be installed on pan India basis for the defence forces (under Network For Spectrum programme). The order value for material and services is Rs 935 crore and Rs 313 crore is for Annual Maintenance Contract.

The turnkey project has to be commissioned within fifteen months. Thereafter the company has to provide warranty support for three years and annual maintenance services for seven years after warranty.

HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.



HFCL Share Price

91.49 3.40 (3.86%)
16-Apr-2026 16:59 View Price Chart
Peers
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