HFCL shares surged after its subsidiary HTL Limited won orders worth Rs 1,366 crore. These orders are for optical fibre cables and will be executed by December this year. The company also recently expanded into aeronautics manufacturing. HFCL has a significant five-year supply agreement for optical fibre cables valued at approximately $1.10 billion.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets