Himachal Futuristic Communications Ltd. (HFCL), and its subsidiary, HTL Ltd., have received Purchase Orders worth a total value of Rs. 97 crore from a private Indian telecom company. These orders are for Optical Fibre Cables (OFCs).
HFCL and HTL will supply various types of customised OFCs to the telecom company, and fulfil these orders by March, 2023.
HFCL owns 74% equity stake in HTL, while the rest is owned by the Government of India.