NEW DELHI: Homegrown telecom gear maker HFCL said the company and its subsidiary HTL Limited received purchase orders amounting to about Rs 97 crores from a leading Indian telecom operator for the supply of optical fibre cables.
The order will be executed by March 2023, according to a regulatory filing by HFCL.
“We are pleased to inform all the stakeholders that the Company, along with its material subsidiary, HTL Limited, has received the Purchase Orders (“PO”) aggregating to -Rs.97 Crores, from one of the leading Private Telecom Operators of the Country for supply of Optical Fibre Cables (“OFC”),” the company said.
The company’s board will inter-alia consider proposals on September 2 for fundraising by way of issue of equity shares/preference shares/bonds/debentures/non-convertible debt instruments, among others, according to a separate regulatory filing on Tuesday.
HFCL in December 2021 raised Rs 600 crores via a Qualified Institutional Placement (QIP) issue which it had said would be utilized towards funding Capex for setting up new manufacturing facilities, capacity expansions, and expenditure on R&D and product development.