HFCL gains on commencing work to set-up Optical Fiber manufacturing plant

HFCL Ltd. | Telecom-Infrastructure | Telecom | BSE: 500183 | NSE: HFCL

13 Mar 2018 Evaluate

Himachal Futuristic Communications (HFCL) is currently trading at Rs. 27.30, up by 0.20 points or 0.74% from its previous closing of Rs. 27.10 on the BSE.

The scrip opened at Rs. 27.00 and has touched a high and low of Rs. 27.40 and Rs. 27.00 respectively. So far 30,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 36.65 on 11-Jan-2018 and a 52 week low of Rs. 11.85 on 30-Jun-2017.

Last one week high and low of the scrip stood at Rs. 28.20 and Rs. 25.60 respectively. The current market cap of the company is Rs. 3,383.50 crore.

The promoters holding in the company stood at 38.30%, while Institutions and Non-Institutions held 10.46% and 51.24% respectively.

Himachal Futuristic Communications (HFCL) has commenced setting up of greenfield project of manufacturing Optical Fiber (OF) in the state of Telangana at S-9, Fab City, E-City, Raviryala & Srinagar (V), Maheshwaram (M), Srisailam Road, Ranga Reddy District. The foundation stone was laid on March 12, 2018 to mark the start of construction of the plant.

The company manufactures optical fibre cables at its Goa plant and at Chennai in its subsidiary - HTL. In order to reduce the input cost and overcome the worldwide shortage of fibre supply, Optical Fibre manufacturing Facility is being set up at Ranga Reddy District, Telangana as a backward integration of optical fibre cable manufacturing.

The facility is expected to produce 6.4 million fibre kilometers p.a. The cost of this project is estimated to be Rs 260 crore and it will commence production from April, 2019. This is backward integration of business for the company. This manufacturing facility will be used to produce optical fibers which are mainly used for telecommunication (4G/5G) and various networks for broadband & FTTx in India and abroad.

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

171.85 8.15 (4.98%)

12-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Vindhya Telelinks	2089.40
HFCL	171.85
Pace Digitek	187.55
Bondada Engineering	321.70
GTL Infrastructure	1.51
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