The order is to be executed in 12 months from the date of purchase order.
HFCL share price advanced over 6 percent in the early trade on March 4 after the company bagged a purchase order from Larsen & Toubro (L&T).
The Company has received the purchase order worth Rs 196 crore from Larsen & Toubro for the supply of optical fibre cables (OFC) for construction of Telangana fibre grid (T-Fiber) under Bharat Net Phase-II programme of GoI, in Telangana.
The contract is to be executed in 12 months from the date of purchase order.
At 09:19 hrs, HFCL was quoting at Rs 13.24, up Rs 0.53, or 4.17 percent on the BSE.
The share touched its 52-week high of Rs 25.30 and its 52-week low of Rs 11.91 on 13 March 2019 and 3 March 2020, respectively.
Currently, it is trading 47.67 percent below its 52-week high and 11.17 percent above its 52-week low.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only).
First Published on Mar 4, 2020 09:35 am
