HFCL shares rise after receiving Rs 83 crore order for optical fiber cables
Shares of HFCL rose on September 11 after the company and its subsidiary received orders from a telecom player to supply optical fiber cables worth nearly Rs 83 crore.
The company said it needs to fulfill the order by November of this year.
HFCL is a leading manufacturer of optical fiber, optical fiber cables, passive interconnect solutions, and high-end transmission and access equipment. Its offerings span the entire value chain, from manufacturing hi-tech communication network products to providing specialized services.
The company’s order book stands at Rs 4,000 crore.
The rising share price of HFCL is a positive sign for the company and its investors. It indicates that the market is confident in the company’s ability to deliver on its orders and grow its business in the future.
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