HFCL is buzzing loud and clear today. The stock price rose over 4.5% to Rs.21.80 and remains firmly in the green.
The stock is up as HFCL was awarded overseas contracts worth INR 148 crores by Larsen & Toubro (L&T) to set up Telecommunication Systems for Mauritius Metro Express & Dhaka Metro Mass Rapid Transit System Projects.
The Mauritius Metro Express Project is along a 26 km route that will connect Curepipe to Immigration Square in the capital Port Louis and will feature 19 stations. The Dhaka Metro Mass Rapid Transit System Project is along a 20 km route and is an elevated metro rail system with 16 Stations and a Maintenance Depot, connecting Uttara and Motijheel.