In December 2021, HFCL Ltd. attained funds of INR 600 crore via a Qualified Institutional Placement (QIP) issue.
September 5, 2022
HFCL Ltd. and its subsidiary HTL Ltd., have bagged orders of about INR 97 crore from a leading Indian telecom operator. As published in a news daily – the leading telecom gear company will supply Optical Fibre Cables (OFCs).
According to the regulatory filing by the company, the said order and project will be executed by March 2023.
“We are pleased to inform all the stakeholders that the Company, along with its material subsidiary, HTL Ltd., has received the Purchase Orders (“PO”) aggregating to INR 97 crore, from one of the leading Private Telecom Operators of the Country for supply of Optical Fibre Cables (OFC),” the company stated.
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The company’s board will, among other things, consider proposals for fundraising through the issue of equity shares/preference shares/bonds/debentures/non-convertible debt instruments, among others, as per another regulatory filing by the company.
Also Read: HFCL Bags Order Worth INR 59 Crore for OFC
In December 2021, HFCL Ltd. attained funds of INR 600 crore via a Qualified Institutional Placement (QIP) issue. The company had informed that it would be utilised towards funding CAPEX for setting up new manufacturing facilities, capacity expansions, and expenditure on R&D and product development.
Also, in June this year, the telecom firm won orders of INR 59 crore for Fiber to the Home (FTTH) Network and Long Distance Fiber Network in various telecom circles.