Shares of HFCL were trading with marginal gains on the BSE in the morning trade. The company said stakeholders of the company's greenfield Optical Fibre manufacturing facility at Telangana, Hyderabad ("Plant") has been commissioned and commenced the commercial production w.e.f. January 23, 2020.
This Optical Fibre Plant with a capacity of 6.40m fkm p.a. is designed to scale up to 9.60m fkm p.a. in future. The company has already made an outlay of Rs.236 crores to set up this State of Art Plant, till date, the company stated.
Upon commissioning, the backward integration benefits shall strengthen the supply chain and enhance operating margins. The entire output of 6.40m fkm of optical fibre shall be readily available to the Company for its captive consumption as key raw material required for the production of optical fibre cables and also for sale to other OFC manufacturers.
“We would also like to inform that the Company shall market the Optical Fibre under its own brand name of HFCL,” it added.
HFCL Ltd is currently trading at Rs17.20 on the BSE.
The scrip opened at Rs17.25 and has touched a high and low of Rs17.30 and Rs17.15 respectively.
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