Shares of HFCL Ltd, which is headquartered in Gurugram, surged 4% on 19 May after the company announced securing orders worth Rs 76 crore on Sunday, 18 May. 

HFCL has received two orders from ITI Ltd., a state-run entity situated in Bengaluru. The first order is valued at Rs 59 crore, and the second is worth Rs 17,02 crore.

HFCL also noted in the filing that the foreign and local orders are for the provision of various types of optical fibre cables. While the export order must be completed by September 2025, the HFCL order obtained from ITI must be completed by June of the following month.

In January, HFCL received an advance work order for Rs 2,501 crore from BSNL.

This transaction included the design, supply, construction, installation, upgrade, operation, and maintenance of BharatNet Phase-III’s middle-mile network in the Punjab telecom circle.

At 11:37 am, the shares of HFCL were trading 2.45% higher at Rs 90.60 on NSE.

Curious About HFCL Ltd? Ask the Analyst.

Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!