HFCL Ltd receives order aggregating to ~Rs.1770 Crores for providing EPC Services

HFCL Ltd has received the Contract aggregating to ~Rs.1770 crores, from SWSM for providing EPC Services including provision for laying of optical fiber cables, for execution of Rural Water Supply Network in Varanasi Revenue Division in the State of Uttar Pradesh ("Project"). This will add significantly to the revenue and profitability of the Company. The optical fiber cables so laid will also improve Operation & Maintenance of the Network.

The Contract value for material and services is ~Rs.1414 crores and ~Rs.356 crores is for operation and maintenance services. The aforesaid Project will be executed by the Company with JWIL Infra Limited as a consortium partner.

The Project has to be executed within eighteen months from the date of Contract. Thereafter, the Company has to provide warranty support for one year and operation & maintenance services for ten years from the completion of the Project.

Shares of HFCL Limited was last trading in BSE at Rs. 80.25 as compared to the previous close of Rs. 79.50. The total number of shares traded during the day was 984879 in over 5282 trades.

The stock hit an intraday high of Rs. 81.10 and intraday low of 79.30. The net turnover during the day was Rs. 78950130.00.

Source : Equity Bulls

Keywords

HFCL INE548A01028 OrderWin EPCServices VaranasiRevenueDivision