HFCL in the limelight

Yesterday after market hours, HFCL announced that it has bagged an order worth Rs.81 crore from the Delhi Metro Rail Corporation (DMRC) Limited.

This order is for Design, Manufacture, Supply, Installation, Testing and Commissioning of Fibre Optics Transmission System (FOTS) for three priority corridors of Phase IV of Delhi Metro Rail Project.

The order is expected to be executed within 156 weeks from the date of notice to proceed. Thereafter, the company will have to provide warranty support for 104 weeks.

The stock price, which had closed yesterday at Rs.70.35, today it opened at Rs.70.90 and rose further to an intraday high at Rs.71.43. Its 52-week high is at Rs.88.80.