Himachal
Futuristic Communications (HFCL) bagged purchase orders to the tune of
Rs. 558.36 crore from Bharat Sanchar Nigam (BSNL) for Pan India Defence
Communication Network. Consequently, the share price of HFCL ended
higher by 2 per cent on Tuesday.
The
work involves planning, designing, procurement, installation,
integration, commissioning, testing, training, documentation and
maintenance of Hybrid Microwave Broadband radio links. This also
includes repeaters, EMS/NMS and antenna towers and accessories on
turnkey basis.
The tenure of the order is 18 months from the date of issue of Radio Frequency Link Freezing Letter by BSNL.
HFCL
operates in the high technology telecommunications infrastructure
sector. Its activities span the entire value chain, right from the
manufacturing of telecommunications products to implementation of
telecommunications network. It specializes in the manufacturing of
telecommunication equipment, optical fiber cables and intelligent power
systems. The focus of the company lies in catering to the service
requirements of Railways, Homeland Security, Smart Cities and defence.
On
Wednesday, the shares of HFCL opened at Rs. 19.80 per share, and hit a
high of Rs. 20.20 per share. At 11:24 am, the stock was trading at Rs.
20.00, up 3.09 per cent.
