HFCL inches higher on order win

Shares of Himachal Futuristic Communications Limited (HFCL) rose close to 4.8 percent to Rs 21.80 after it received two contracts from Larsen & Toubro (L&T).

L&T has given contract worth Rs. 148 crores to set up telecommunication systems for Mauritius Metro Express & Dhaka Metro Mass Rapid Transit System Projects.

The Mauritius Metro Express Project is along a 26 km route that will connect Curepipe to Immigration Square in the capital Port Louis and will feature 19 stations.

The Dhaka Metro Mass Rapid Transit System Project is along a 20 km route and is an elevated metro rail system with 16 Stations and a Maintenance Depot, connecting Uttara and Motijheel.

Source : Equity Bulls

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