HFCL wins Rs. 119 cr order for optical fibre cables.

HFCL received a purchase order of Rs. 119.14 crore from one of the network and engineering service provider, for supplying optical fibre cables (OFC).

The domestic order is expected to be completed within a period of nine months.

On a consolidated basis, net profit of HFCL rose 61.2% to Rs. 85.94 crore on a 6.4% jump in net sales to Rs. 1,122.05 crore in Q2 FY22 over Q2 FY21.

HFCL is a leading manufacturer of optical fiber cables, optical transport, power electronics and broadband equipment for the telecommunication industry. The company has production facilities at Solan (Himachal Pradesh), Goa, and Chennai (Tamil Nadu) and caters to both Indian and global markets.

Shares of HFCL (formerly Himachal Futuristic Communications) rose 1.53% to close at Rs. 76.50 on Wednesday, 22 December 2021.

BS