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HFCL Gets Two Orders From ITI And L&T Worth Over Rs500 Cr

India

HFCL Gets Two Orders From ITI And L&T Worth Over Rs500 Cr

Himachal Futuristic Communications Limited, the Indian telecom equipment company announced that it has got two orders worth over Rs 500cr. The orders are for the supplying optical fiber cable. The cable will be supplied from a consortium which is run by ITI and Larsen&Toubro. HFCL added that the company will invest approximately Rs 388crore to increase the production capacity so that it can meet the demand.

As per the announcement made by HFCL, the company has got an order of Rs 147.73crore for supplying 16,882 Km of optical fiber cable from L&T. The plan is that the OFC will create a network infrastructure in Andhra Pradesh. The network will fall under BharatNet Phase-II Project.

However, HFCL bagged the major part of its order worth 355 Cr INR from the consortium run by ITI. The order is for supplying 37,798 Km of optical fiber cable. This order is for Maharashtra and this too is under the BharatNet Phase-II Project. It is hoped that the success of this project will allow 1.5 lakh village panchayats to use high-speed broadband internet.

On the one hand, HFCL is participating in domestic projects. On the other hand, the company has also exported optical fiber cable to 50 countries. Some of these countries are situated in Europe as well.

HFCL is building its greenfield optical fiber manufacturing unit in Hyderabad. The approximate capital expenditure of the facility is 110 Cr INR. It is hoped that the unit can manufacture about 10.50 million fiber kilometer optical fiber cable per year.

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