HFCL Ltd enters into 5 year supply agreement for OFC

HFCL Ltd has entered into a five year supply agreement with a customer for the supply of high-quality, high-fibre-count Optical Fiber Cables (OFC), through its overseas wholly owned subsidiary.

The total potential value of the contract over its tenure is estimated at ~USD 1.10 billion (approximately USD One Billion One Hundred Million) equivalent to ~₹10,159 crores (approximately INR Ten Thousand One Hundred Fifty Nine Crore), based on prevailing selling prices of OFC products being supplied.

This agreement marks a significant milestone, being the first instance in the Company's history of entering into a long-term, multi-year OFC supply arrangement of this nature.

Shares of HFCL Limited was last trading in BSE at Rs. 74.46 as compared to the previous close of Rs. 72.12. The total number of shares traded during the day was 2166412 in over 8829 trades.

The stock hit an intraday high of Rs. 75.95 and intraday low of 70.63. The net turnover during the day was Rs. 160945487.00.

Source : Equity Bulls

Keywords

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