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HFCL Secures Orders Collectively Worth 221.95 Cr. from Reliance Group

HFCL Limited, an Indian telecom company, along with its subsidiary HTL Limited has won two orders worth a total of Rs. 221.95 crore from Reliance Group. This information was shared by HFCL Ltd. in a stock filing dated 22nd May 2023.

These orders include the supply of optical fiber cables to Reliance Projects and Property Management Services Ltd. at a cost of Rs. 179.24 crore by October 2023. The second order worth Rs. 42.71 crore is for design, development, manufacture and supply of Point-to-Point Unlicensed Band Radios (UBRs) to Reliance Jio. These UBRs will have capacities of 700 MBPS (Megabits per second) and 1 GBPS (Gigabits per second). This order will be executed by July 2023.