HFCL Limited bags Order from Madhya Pradesh Jal Nigam worth ~Rs.1015 Crores for providing EPC Services

HFCL Ltd has secured the Order aggregating to ~Rs.1015 crores, from Madhya Pradesh Jal Nigam, a Government of Madhya Pradesh Undertaking ("MPJN"). This Order encompasses for providing EPC Services including provision for laying of optical fiber cables on critical and important routes, for the execution of Multi - Village Drinking Water Supply Network in Sheopur district of Madhya Pradesh ("Project"). The installation of optical fiber cables in these areas will also enhance the operation & maintenance of the network.

This Order is expected to boost the Company's revenue and profitability.

The aforesaid Project will be executed by the Company in collaboration with Khilari Infrastructure Private Limited as a consortium partner.

The Project has to be executed within twenty four months from the date of the Order. Following the successful commissioning of the Project, a three-month trial run will be conducted. Thereafter, the Company has to provide operation & maintenance services for ten years including defect liability period of one year which will run concurrently.

Shares of HFCL Limited was last trading in BSE at Rs. 72.42 as compared to the previous close of Rs. 73.96. The total number of shares traded during the day was 597681 in over 2083 trades.

The stock hit an intraday high of Rs. 74.95 and intraday low of 70.85. The net turnover during the day was Rs. 43937669.00.

Source : Equity Bulls

Keywords

HFCL INE548A01028 OrderWin