HFCL Secures Jio Platforms Projects, Placed Under Exchange Surveillance
1 report, 1 independent
Updated Oct 16
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What happened
HFCL secured turnkey projects from private telecom operators, including Jio Platforms. Concurrently, the Bombay Stock Exchange and the National Stock Exchange placed HFCL under the long-term Additional Surveillance Measure framework.
From businesstoday.in
Why it matters
Analysts initiated coverage on HFCL with a 'Buy' rating, citing the company's shift toward telecom and networking products. This pivot is supported by a record order book and capital expenditure program, positioning HFCL for global data center buildouts and defense diversification.
From businesstoday.in
Who's involved
- Jio PlatformsSecured turnkey projects from the company.
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The entities involved
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Jio Platforms
Indian telecommunications and technology company