Reliance Projects & Property Management Services and Reliance Retail placed orders with HFCL for optical fibre cables worth Rs 206.67 crore. The order calls for the supply of various types of optical fibre cables based on the customer’s specifications. The domestic order must be carried out by June 2023.
HFCL is a telecom infrastructure enabler with an active interest in telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optic fibre, and optic fibre cable (OFC). HFCL’s net profit increased marginally to Rs 81.86 crore on a 4.6% increase in net sales to Rs 1,173.47 crore in Q2 FY23 compared to Q2 FY22.