Olatech Solutions Ltd bags work order from HFCL Ltd

Olatech Solutions Limited has received a work order from HFCL Limited to supply software and provide related services including installation, commissioning and customization of the supplied software for a tender floated by Bharat Sanchar Nigam Limited (BSNL) for upgradation of its Broadband Network for which HFCL was awarded the contract as the Lead Bidder/System Integrator and Olatech Solutions Limited was the OEM for supplying software and providing related services.

The work order will be for a period of 18 months with an aggregate value of INR 4.91 Crores plus applicable taxes only. A separate work order will be issued for AMC of 8 years with an aggregate value of INR 2.34 Crores plus applicable taxes only.

Shares of HFCL Limited was last trading in BSE at Rs. 73.65 as compared to the previous close of Rs. 73.55. The total number of shares traded during the day was 772193 in over 4859 trades.

The stock hit an intraday high of Rs. 75.00 and intraday low of 73.15. The net turnover during the day was Rs. 57357610.00.

Source : Equity Bulls

Keywords

OlatechSolutions OrderWin HFCL INE548A01028