- HFCL Ltd subsidiary HTL Ltd secured orders worth Rs 1,366 crore for optical fiber cables
- HTL Ltd will supply the optical fiber cables to a domestic client by December
- The order value highlights strong demand for HFCL's manufacturing and technology
HFCL Ltd. shares jumped over 5% on Wednesday after a subsidiary secured orders worth Rs 1,366 crore for the supply of optical fiber cables. HTL Ltd., a material subsidiary of the company, will supply the cables to a domestic client by December, according to a stock exchange filing.
"These orders reaffirm the confidence reposed by our customers in the Company's manufacturing capabilities, technological excellence and product quality," the company said.
The share price rose as much as 5.2% to Rs 76.40 on the NSE, compared to a 3.7% surge in the benchmark Nifty 50. The relative strength index was above 50. The total traded turnover was Rs 105 crore.
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