Introduction:
Stock under ₹150 secured a ₹2,167.65 crore order for BharatNet Phase III projects, involving optical fiber cables, telecom equipment, and maintenance, reinforcing its telecom infrastructure expertise and market presence through significant domestic contracts.
Share Price movement of HFCL:
On January 23, 2025, HFCL Ltd opened at ₹102.59.The stock hit an intraday high of ₹103.33 (+2.28%) from its previous close of ₹101.03 and a low of ₹99.22, By 11:44 AM, it traded at ₹100.46 with a market cap of ₹14,493.09 crore.
HFCL received new order:
HFCL Limited secured advance work orders worth ₹2,167.65 crore from Rail Vikas Nigam Limited (RVNL) for BharatNet Phase III projects in Uttar Pradesh (East and West) Telecom Circles. The order includes supplying optical fiber cables, telecom equipment, and related accessories.
The project entails a three-year timeline for material supply and a ten-year annual maintenance contract, including a one-year warranty. The total project cost comprises ₹1,736.83 crore in capital expenditure (Capex) and ₹430.82 crore in operational expenditure (Opex).
This domestic contract highlights HFCL’s expertise in telecom infrastructure, strengthening its market presence. The company confirms no related party transactions or promoter interest, ensuring compliance with contractual and regulatory norms.
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Recent news About HFCL :
On January 16, 2025, HFCL Ltd announced securing an Advance Work Order worth ₹2,501.30 crore from BSNL for designing, supplying, and maintaining the middle-mile network of BharatNet Phase III in Punjab Telecom Circle, enhancing India’s digital infrastructure.
Stock performance of HFCL for Period of 1 week, 6 months and 1 year:
HFCL’s stock declined by 2.62% over the past week and dropped 18.0% in the last six months. Over the past year, the stock recorded a negative return of 4.46%, reflecting consistent underperformance across these timeframes.
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Shareholding pattern of HFCL:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 35.89 | 36.24 | 37.63 |
FII | 6.7 | 6.68 | 7.02 |
DII | 10.96 | 10.36 | 9.08 |
Retail & others | 46.44 | 46.71 | 46.28 |
About HFCL:
HFCL Ltd (NSE: HFCL) is a leading telecom infrastructure company specializing in manufacturing optical fiber cables, telecom equipment, and providing turnkey solutions. It supports India’s digital connectivity initiatives through innovative technologies, serving both domestic and international markets with a strong industry presence.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.