The company has been awarded two overseas contracts worth Rs 148 crore by L&T to set up Telecommunication Systems for Mauritius Metro Express & Dhaka Metro Mass Rapid Transit System Projects.
Shares of Himachal Futuristic Communications (HFCL) gained 4.5 percent in the early trade on Monday after company received an order worth Rs 148 crore from Larsen & Toubro (L&T).
The company has been awarded two overseas contracts worth Rs 148 crore by 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.
Mahendra Nahata, Managing Director of HFCL said "The company's experience from the three ongoing similar projects being executed by it for Alstom Services India Private Limited, L&T Railways Strategic Business Unit, and China Railway Signal & Communication for turnkey telecommunication systems on the Eastern and Western Dedicated Freight Corridors of Dedicated Freight Corridor Corporation of India Limited (DFCCIL) will certainly help the Company in executing the Mauritius Metro Express Project and the Dhaka Metro Project efficiently."
At 09:17 hrs Himachal Futuristic Communication was quoting at Rs 21.75, up Rs 0.90, or 4.32 percent.
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