HFCL completes 1 lakh units shipment of WiFi Product portfolio within its first full year of commencing production

HFCL, India's leading telecom company has completed 1 lakh units shipment of a wireless networking portfolio comprising of Wi-Fi Access Points and Point to Point Unlicensed Band Radios to its customers. HFCL has been able to achieve this key milestone in less than a year of commencing production. With the completion of 11akh units' shipment, HFCL's WiFi range of products have proliferated across the length and breadth of the country serving a multitude of requirements coming from a diverse customer base and are processing tens of terabytes of data on a daily basis.

The entire product portfolio has been conceptualized, designed, developed and manufactured by HFCL in India complying with Global specifications. These products are being sold under the brand name 10. As of right now, HFCL's 10 range of product portfolio includes Wi-Fi Indoor and Outdoor Access Points, Point to Point and Point to multipoint Radios in unlicensed band and a massively scalable cloud platform for zero touch provisioning and easy management of the network elements.

Speaking on this achievement, Mr. Mahendra Nahata, Managing Director, HFCL said, "In current scenario, when there is a huge demand for higher bandwidths, seamless connectivity, and devices becoming the lifeline of the consumers to remain digitally connected with their workspaces and families, HFCL's indigenously designed and produced Access Points and unlicensed band radios have played a pivotal role as the most dependable, adaptable and sustainable networking solutions for customers who have repeatedly opted our high performance and massively scalable products. We plan to expand our global footprint to cover international terrains with our Made in India products and continue to play an active role in the Atmanirbhar Bharat Abhiyaan."

The Company aims to project India as the next generation innovation and manufacturing hub for telecom products. With 5G rollout expected in 2021 in India, HFCL is geared to serve the next generation communication needs of customers in India to boost the country's 4G connectivity and enhance its readiness for 5G.

Shares of HFCL LTD. was last trading in BSE at Rs.27.1 as compared to the previous close of Rs. 26.9. The total number of shares traded during the day was 1790937 in over 4121 trades.

The stock hit an intraday high of Rs. 27.65 and intraday low of 26.5. The net turnover during the day was Rs. 48621630.

Source : Equity Bulls

Keywords