This telecom infrastructure company bags an order worth Rs 282.61 crore from Gujarat Metro Rail Corporation!

On March 29, 2023, HFCL Limited knowledgeable withinside the trade submitting that the corporation has bagged an order really well worth Rs 282.sixty one crore from Gujarat Metro Rail Corporation (GMRC) Limited, for the design, manufacture, deliver, installation, checking out and commissioning of telecommunication structures for Surat metro rail challenge phase-I.

The order is to be carried out inside 90 weeks from the date of the contract. The order entails putting in telecommunication structures for the Surat metro rail challenge phase-I of Gujarat Metro Rail Corporation (GMRC) Limited.

HFCL is a various telecom infrastructure enabler with lively hobby spanning telecom infrastructure development, device integration, manufacture and deliver of excessive-quit telecom equipment, optic fibre and optic fibre cable. Its technologically superior services span the whole price chain, from production hi-tech verbal exchange community merchandise to offering specialised services, which get deployed throughout Telecom, Defence, Railways, Utilities and Security & Surveillance Networks.

Today, the inventory opened at Rs 56.fifty seven and made a excessive and occasional of Rs fifty seven.seventy five and 56.42. The inventory formerly closed at Rs 56.56. It is presently buying and selling at Rs fifty seven.54, up with the aid of using 1.seventy three in keeping with cent.

The scrip is part of institution A with a marketplace capitalization of Rs 7927.sixty two crore. The inventory has a 52-week excessive of Rs 88.eighty and a 52-week low of 51.55. The corporation has a ROCE of 19.2 in keeping with cent and an ROE of 13.five in keeping with cent.