HFCL shares gain 6% on order win worth Rs 1,015 crore

Shares of HFCL rose 6 per cent to Rs 77 in early trade on September 18 after the company won an order from Madhya Pradesh Jal Nigam. The value of the order is Rs 1,015 crore and covers the provision of EPC services, including laying fiber optic cables on key and critical routes, to operate drinking water supply network to many villages in the district Sheopur of Madhya Pradesh.
The said project will be implemented by the company in collaboration with Khilari Mechanical Limited Private Limited as joint venture partner. The project must be implemented within 24 months from the date of order. In June, the company won an order worth Rs 80.92 crore from Delhi Metro Rail Corporation (DMRC) to design, manufacture, supply, install, test and operate the Transmission system. fiber optic cable (FOTS) for three corridors of Phase IV. of Delhi Metro. After successful operation of the project, a 3-month trial will be carried out. The company must then provide operations and maintenance services for 10 years, including a 1-year defect liability period.
In early September, the company and its subsidiaries received an order from a telecommunications company to provide fiber optic cables. The transaction value is nearly Rs 82.60 crore