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The optical fibre cable producer in its BSE submitting mentioned it has acquired orders price Rs 73.39 crore from a telecom operator and an EPC participant.
June 10, 2022 / 01:48 PM IST
HFCL
HFCL share worth rallied 4 p.c intraday on June 10 after bagging orders for provide of unlicensed band radios (UBRs) and optical fibre cables.
The optical fibre cable producer in its BSE submitting mentioned it has acquired orders price Rs 73.39 crore from a telecom operator and an EPC (engineering, procurement, and development) participant.
The order from one of many main non-public telecom operators of the nation for provide of UBRs together with equipment, which must be executed by September, is price Rs 51.09 crore.
And the second order price Rs 22.30 crore has been bagged from one of many main EPC gamers of India for provide of optical fibre cables. The corporate will provide these cables by finish of the present month.
HFCL manufactures optical fibre cables at its three services at Goa, Hyderabad and Chennai.
That is the second order acquired by the corporate within the present quarter ending June. Earlier on Could 31, HFCL reported that it had acquired orders price Rs 237.25 crore from one of many main non-public telecom operators of the nation for provide of optical fibre cables.
At 13:33 hours IST, the inventory was quoting at Rs 65, up Rs 1.25 or 1.96 p.c on the BSE, however total it has been on a downward trajectory for the final nearly two months, falling 22 p.c, which is way increased than the correction of seven p.c in Sensex and 10 p.c in Midcap throughout the identical interval.
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