Rs 6,585 crore order book: This stock below Rs 100 secures massive order worth of Rs 1,015 crore; watch out for the action!
Now, onto the exciting news - HFCL recently clinched a monumental order worth a staggering Rs 1,015 crore. The client? Madhya Pradesh Jal Nigam
Over the weekend, Mother Nature graced us with an abundance of rain, and in a similar vein, a downpour of good fortune befell a distinguished company. Meet HFCL Ltd, or the Himachal Futuristic Communications Limited, a company with a history dating back to 1987 when it set up shop in the picturesque Solan of Himachal Pradesh. Initially, its mission was to assemble telecom equipment, but today, it stands tall as a pioneer in fully integrated communication network solutions.
HFCL specializes in crafting Optical Fiber (OF), Optical Fiber Cables (OFC), Cable Accessories, and cutting-edge Telecom Transmission and Access Equipment. Their expertise lies in offering comprehensive turnkey solutions, not only to telecom service providers but also to sectors like railways, defense, smart cities, and surveillance projects. Presently, HFCL boasts an impressive OF capacity of 10 million fkm and an OFC capacity of 25.08 million fkm.
Now, onto the exciting news - HFCL recently clinched a monumental order worth a staggering Rs 1,015 crore. The client? Madhya Pradesh Jal Nigam, a Government of Madhya Pradesh undertaking. This order encompasses an extensive project, which includes providing EPC (Engineering, Procurement, and Construction) services, particularly laying optical fiber cables along crucial routes. What's the big picture? It's all about executing the Multi-Village Drinking Water Supply Network in Sheopur district of Madhya Pradesh. Not only will this installation enhance the region's network operation and maintenance, but it will also bolster HFCL's revenue and profitability.
The execution of this project will be a collaboration between HFCL and Khilari Infrastructure Private Limited, forming a dynamic consortium. The clock is ticking, as the project must be completed within twenty-four months from the date of the order. Once the project is successfully commissioned, a three-month trial run will follow. And the commitment doesn't stop there; HFCL will provide operation and maintenance services for a full decade, inclusive of a one-year defect liability period running concurrently.
What's more, HFCL's recent conference call unveiled a colossal order book worth Rs 6,585 crore. Among their notable victories last quarter, they secured contracts worth Rs 411.51 crore from a leading telecom giant and an additional Rs 80.90 crore from the Delhi Metro Rail Corporation Limited. These wins are just the tip of the iceberg, as HFCL continues to garner domestic and international orders, cementing their position as an industry leader.
In a world where communication is key, HFCL is not just keeping the lines open; they're expanding and enhancing them, one fiber optic cable at a time.
Disclaimer: The article is for informational purposes only and not investment advice.