HFCL receives Purchase Orders for Rs.558.36 crores from Bharat Sanchar Nigam Limited (BSNL) for PAN Indian Defence Communication Network .
Subsequent to acceptance of APO, the Company has now received the Purchase Order ('PO') worth Rs.558.36 crores approx. from BSNL, New Delhi vide its letter dated 20th September, 2018 for Planning, Designing, Procurement, Installation, Integration, Commissioning, Testing, Training, Documentation and Maintenance of Hybrid Microwave broadband radio links including repeaters, EMS/NMS and antenna towers and accessories on turnkey basis for pan India Defence Network.
The total value of the PO is Rs.558.36 crores divided into Package A for Rs.523.92 crores and Package B for Rs.34.44 crores. Package A consists of Rs.327.03 crores for material cost, Rs.127.23 crores for services cost and Rs.69.66 crores for seven years Annual Maintenance Cost post Warranty period of three years and Package B consists of Rs.15.39 crores for material cost, Rs.14.41 crores for services cost and Rs.4.64 crores for seven years Annual Maintenance cost post Warranty period of three years.
Shares of HIMACHAL FUTURISTIC COMMUNICATIONS LTD. was last trading in BSE at Rs.19 as compared to the previous close of Rs. 20.8. The total number of shares traded during the day was 1811857 in over 2222 trades.
The stock hit an intraday high of Rs. 21.25 and intraday low of 18.8. The net turnover during the day was Rs. 35594302.