Himachal Futuristic Communications Ltd has received a Purchase Order ("PO") worth Rs.186.90 crores approx., from Bharat Sanchar Nigam Limited, New Delhi, vide its Purchase Order dated July 08, 2019, for setting up of the Optical Transmission Backbone Network for Armed forces under the Network for Spectrum Programme ("NFS") of the Government of India.
This Project is funded by Department of Telecom, Government of India ("DOT") and BSNL has been appointed as the nodal agency by the DoT for Project execution. As the Project has been funded by the DOT, Government of India, the timely realisation against the said order is secured.
The order is for Procurement, Installation, Testing and Maintenance of WSSROADM Based Multi-Channel DWDM Systems, POTS Equipment based on Multi-Service Provisioning Platform, Clock Synchronization and associated equipment for the Optical Transmission Backbone Network on Turnkey Basis for Armed Forces.
The Project shall be completed within 10 (Ten) months from the date of issue of Purchase Order, i.e. July 08, 2019.
Shares of HIMACHAL FUTURISTIC COMMUNICATIONS LTD. was last trading in BSE at Rs.19.9 as compared to the previous close of Rs. 19.55. The total number of shares traded during the day was 181887 in over 329 trades.
The stock hit an intraday high of Rs. 19.9 and intraday low of 18.4. The net turnover during the day was Rs. 3578628.