HFCL shares gain 6% on order win worth Rs 1,015 crore

The said project will be executed by the company in collaboration with Khilari Infrastructure Private Limited as a consortium partner within 24 months from the date of order.

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HFCL shares were up 6 percent at Rs 77 in the early trade on September 18 after the company won an order from Madhya Pradesh Jal Nigam. The order value aggregates to Rs 1,015 crore and entails providing EPC Services including provision for laying of optical fiber cables on critical and important routes, for the execution of a multi-village drinking water supply network in the Sheopur district of Madhya Pradesh.

The said project will be executed by the company in collaboration with Khilari Infrastructure Private Limited as a consortium partner. The project is to be executed within 24 months from the date of order.

Following the successful commissioning of the project, a 3-month trial run will be conducted. Thereafter, the company has to provide operation & maintenance services for 10 years, including the defect liability period of 1e year that will run concurrently.

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Earlier in September, the company and its subsidiary had received orders from a telecom player to supply optical fiber cables. The deal value is nearly Rs 82.60 crore.

In June the company had bagged a Rs 80.92-crore order from the Delhi Metro Rail Corporation (DMRC) for the design, manufacture, supply, installation, testing, and commissioning of fibre optics transmission system (FOTS) for three corridors of Phase IV of the Delhi Metro.