HFCL Ltd arm gets approval for availing benefits under PLI scheme

In order to take the benefits of the Performance Linked Incentive Scheme for Telecom and Networking Products, notified by the Ministry of Communications (Department of Telecommunications), Government of India, HFCL Ltd's wholly owned subsidiary namely HFCL Technologies Private Limited had made an application with Small Industries Development Bank of India (SIDBI), Project Management Agency (PMA) and Competent Authority appointed under the PLI Scheme.

SIDBI has conveyed approval of the above mentioned application made by HFCL Technologies Private Limited, for availing the benefits of the PLI Scheme, under Non-MSME (Domestic) category.

HFCL Technologies Private Limited is one of the 31 entities which has been granted approval under PLI Scheme for manufacturing of Telecom and Networking Products in India.

Shares of HFCL Limited was last trading in BSE at Rs. 79.00 as compared to the previous close of Rs. 75.25. The total number of shares traded during the day was 1945039 in over 6089 trades.

The stock hit an intraday high of Rs. 79.00 and intraday low of 75.80. The net turnover during the day was Rs. 152538153.00.

Source : Equity Bulls

Keywords

HFCL TelecomEquipment PLIScheme SIDBIApproval