Reliance Projects & Property Management Services providing services to roll out the long-distance fibre network by HFCL receiving the purchase order aggregating To Rs 39.19 crore. This fibre network is to be rolled out by one of the leading private telecom operators in various telecom circles of the country. In May 2023, the order is to be executed, as per company statements.

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Himachal Futuristic Communications Limited (HFCL) is engaged in manufacturing high-end transmission access equipment and optical fibre cables (OFC). To set up a modern communication network for railway and defence as well as telecom service providers.

On a consolidated basis, the net profit of the HFCL went down by 41.45 per cent to Rs 53.10 crore on a 12.9 per cent decline in net sales to Rs 1,051.02 crore in the first quarter of FY23 over the first quarter of FY22.

The company scrip rose 0.32 per cent to recent trade at Rs 77.60 on the Bombay Stock Exchange (BSE).