HFCL Wins Rs 1,015 Crore Order from Madhya Pradesh Jal Nigam

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HFCL shares were up 6 percent in early trade on September 18 after the company won an order worth Rs 1,015 crore from Madhya Pradesh Jal Nigam. The order entails providing EPC services including laying of optical fiber cables for the execution of a multi-village drinking water supply network in the Sheopur district of Madhya Pradesh.

The project is to be executed within 24 months from the date of order and will be followed by a 3-month trial run. HFCL will then provide operation & maintenance services for 10 years, including a 1-year defect liability period.

This is the third major order that HFCL has won in recent months. In September, the company and its subsidiary received orders from a telecom player to supply optical fiber cables worth Rs 82.60 crore. In June, HFCL bagged a Rs 80.92-crore order from the Delhi Metro Rail Corporation (DMRC) for the design, manufacture, and installation of a fibre optics transmission system for three corridors of Phase IV of the Delhi Metro.

HFCL is a leading telecommunications solutions provider in India. The company’s aggressive expansion plans are seen as a positive sign for the Indian telecom and infrastructure sectors.


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