From Reliance Retail for supplying optical fibre cables and  Reliance Projects & Property Management Services, HFCL bagged purchase orders aggregating to Rs 206.67 crore. The order includes providing various types of optical fibre cables as per customer specifications. The domestic order has to be executed by June 2023.

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The company is to engage in telecom infrastructure with active interest spanning telecom system integration, infrastructure development and manufacture, optic fibre, supply of high-end telecom equipment, and optic fibre cable (OFC).

On a consolidated basis, the net profit of HCL hit a high margin of Rs 81.86 crore on a 4.6% increase in net sales to Rs 1,173.47 crore in the July-September quarter of FY23 over the July-September quarter of FY22.

The company’s shares went down by 3.54% on BSE to Rs 68.05.