HFCL Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

HFCL today announced the launch of its revolutionary Intermittently Bonded Ribbon (IBR) Cables in the United Kingdom (UK). As a leading supplier in the UK market, this strategic move is in line with HFCL's global expansion plans and aims to further tap into UK's urban and rural markets, accelerate 5G and FTTP adoption and meet the growing bandwidth demands.

The basis of the new cables is individual Intermittently Bonded Ribbons, each made up of 12 optical fibres, which are bonded together at specific intervals along their lengths. Unlike traditional flat ribbons, flexible IBRs can bend and conform to the space available inside a cable. Groups of IBRs can, therefore, be bundled together into cables that provide twice the fibre packing density of traditional cables in the same volume. IBR cables enable installation of higher fibre counts in small diameter ducts, especially useful in congested areas with very limited space. One of the significant features of the new cable family is the high productivity mass fusion splicing that enables both faster installation and quick restoration in case of an accidental outage.

In the UK, both urban and rural communities still face inadequate broadband access despite rapid expansion over the last few years. While some fibre networks have been installed in most cities, most urban households have no access to high-speed broadband and access to infrastructure is the primary barrier to achieving broadband connectivity in rural markets.

Powered by Capital Market - Live News

HFCL has secured the order aggregating to Rs.1015 crore, from Madhya Pradesh Jal Nigam, a Government of Madhya Pradesh Undertaking (MPJN).

This order encompasses for providing EPC Services including provision for laying of optical fiber cables on critical and important routes, for the execution of Multi - Village Drinking Water Supply Network in Sheopur district of Madhya Pradesh (Project).

The installation of optical fiber cables in these areas will also enhance the operation & maintenance of the network.

Powered by Capital Market - Live News

Madhya Pradesh Jal Nigam is a Government of Madhya Pradesh Undertaking. This order encompasses for providing EPC services including provision for laying of optical fiber cables on critical and important routes, for the execution of multi - village drinking water supply network in Sheopur district of Madhya Pradesh.

The installation of optical fiber cables in these areas will also enhance the operation & maintenance of the network.

The project will be executed by the company in collaboration with Khilari Infrastructure as a consortium partner.

The order has to be executed within twenty four months from the date of receipt of order. Following the successful commissioning of the project, a three month trial run will be conducted. Thereafter, the company has to provide operation & maintenance services for ten years including defect liability period of one year which will run concurrently.

HFCL is a technology enterprise with operations in manufacturing of high-end telecom equipment, optical fiber and optical fiber cables and offering communication network solutions for telcos, defence and railways.

The company reported 42.30% jump in consolidated net profit to Rs 75.56 crore despite a 5.31% drop in revenue from operations to Rs 995.19 crore in Q1 FY24 over Q1 FY23.

Powered by Capital Market - Live News

HFCL Ltd gained 5.04% today to trade at Rs 76.07. The S&P BSE Telecommunication index is up 0.74% to quote at 2132.72. The index is up 17.32 % over last one month. Among the other constituents of the index, Vodafone Idea Ltd increased 2.64% and Indus Towers Ltd added 1.33% on the day. The S&P BSE Telecommunication index went up 19.95 % over last one year compared to the 14.99% surge in benchmark SENSEX.

HFCL Ltd has added 13.15% over last one month compared to 17.32% gain in S&P BSE Telecommunication index and 4.18% rise in the SENSEX. On the BSE, 26113 shares were traded in the counter so far compared with average daily volumes of 12.5 lakh shares in the past one month. The stock hit a record high of Rs 88.8 on 09 Dec 2022. The stock hit a 52-week low of Rs 55.75 on 28 Mar 2023.

Powered by Capital Market - Live News