Telecom gear maker HFCL bags Rs 283-crore order from Gujarat Metro
HFCL has recently won a contract for the integration of communication networks in Kanpur-Agra metro rail project and is currently implementing telecom networks for seven greenfield dedicated freight corridor projects for Indian Railways.
Telecom gear maker HFCL on Wednesday said it bagged a Rs 282.61 crore contract from Gujarat Metro Rail Corporation to deploy communication systems for Surat Metro Rail Project Phase-1.
The company has to deploy the project within 90 weeks from the date of contract.
"..The company has bagged an order worth Rs 282.61 crore from Gujarat Metro Rail Corporation (GMRC) Limited, for design, manufacture, supply, installation, testing and commissioning of telecommunication systems for Surat Metro Rail Project Phase-I," the company said in a regulatory filing.
Under the contract, HFCL has to provide warranty support for 110 weeks for the system that it will deploy.
HFCL has recently won a contract for the integration of communication networks in Kanpur-Agra metro rail project and is currently implementing telecom networks for seven greenfield dedicated freight corridor projects for Indian Railways.
HFCL is also integrating communication networks for metros and mainline railways and implementing video management systems at around 600 railway stations.
It is also part of a consortium of domestic players that have been tasked to conduct a 5G trial for Indian Railways between Palwal and Mathura sector.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
04:56 PM IST