HFCL jumps on securing order worth Rs 2,467 crore from Bharat Sanchar Nigam

20 Aug 2019

Himachal Futuristic Communications is currently trading at Rs. 19.90, up by 1.05 points or 5.57% from its previous closing of Rs. 18.85 on the BSE.

The scrip opened at Rs. 19.90 and has touched a high and low of Rs. 20.45 and Rs. 19.85 respectively. So far 221897 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 26.80 on 20-Aug-2018 and a 52 week low of Rs. 17.20 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 20.45 and Rs. 18.70 respectively. The current market cap of the company is Rs. 2421.05 crore.

The promoters holding in the company stood at 38.13%, while Institutions and Non-Institutions held 6.42% and 55.45% respectively.

Himachal Futuristic Communications (HFCL) has received a purchase order worth around Rs 2,467 crore from Bharat Sanchar Nigam, New Delhi, for setting up of the Converged Nationwide IP /MPLS Backbone & Access Network tor Armed Forces under the Network for Spectrum (NFS) Programme of the Government of India.

The scope of work under the above purchase order also include operation and maintenance for a period of 10 years including 3 year warranty period for which around Rs 862 crore will be paid by the Indian Defence Services, after the warranty period is over.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323