Himachal Futuristic Communications has allotted 52,08,333 equity shares having face value of Re.1/- each, at a premium of Rs.15/- per equity share, to the non-promoter person on conversion of warrants.

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The announcement was made after market hours yesterday, 6 March 2019.

Meanwhile, the S&P BSE Sensex was up 107.70 points, or 0.29% to 36,743.80

On the BSE, 3.84 lakh shares were traded in the counter so far, compared with average daily volumes of 5.54 lakh shares in the past two weeks. The stock had hit a high of Rs 24.45 and a low of Rs 24 so far during the day.

Himachal Futuristic Communications (HFCL) said that the company has received the purchase order (PO) worth Rs 117 crore from Tata Project for supply of optical fibre cables (OFC) for creating OFC Network Infrastructure under Bharat Net Phase-II Project in the state of Chhattisgarh. BharatNet Programme forms one of the key pillars of Digital India Program. It is a project of national importance, envisage to connect & provide broadband connectivity at around 2,50,500 Gram Panchayats in the country.

HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its manufacturing facilities at Solan, Goa and Chennai.

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Himachal Futuristic Communications has received the Purchase Order worth Rs. 117 crore from Tata Project for supply of Optical Fibre Cables (OFC) for creating OFC Network Infrastructure under Bharat Net Phase-II Project in the state of Chhattisgarh.

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Himachal Futuristic Communications has received work order worth Rs 527.44 crore from Jharkhand Communication Network, Ranchi for Survey, Planning, Supply, Installation, end to end Integration, Testing and Commissioning of Optical Fibre Cable (OFC) (Underground & Aerial), GPON network and Radio Network at 1684 Gram Panchayats of the Jharkhand.

The scope of work under the above work order also include Operation and Maintenance (O&M) for a period of four years including one year warranty period and facilitating services provisioning of the created network in the State of Jharkhand under BharatNet Phase-II programme of Government of India . The JCNL will issue a separate work order worth Rs.92.52 crores -for additional four years of O&M before expiry of this work order.

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