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The company informed that it has established a new 5G business unit to develop a portfolio of next-generation 5G compatible products and services. It has also launched and delivered 1.5 lakh units shipment of Wi-Fi products within the first year of commencement of production
BusinessToday.In | May 17, 2021 | Updated 16:25 IST
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Share of HFCL rose nearly 18 per cent to hit a 52-week high of Rs 43.75 on BSE today.
Later, the stock ended 14.52 per cent higher at Rs 42.60 against the previous close of Rs 37.20. The stock has gained 311 per cent in one year and risen 65 per cent since the beginning of this year. HFCL s share stands higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages.
Make in India: HFCL ships 1 lakh indigenous Wi-Fi systems in record time
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The homegrown company, that has an order book of Rs 7,500 crore has supplied Wi-Fi gear to private players and is also eyeing to further ship the new made-in-India product worldwide.
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Last month, the Cabinet has approved the Prime Minister’s Wi-Fi Access Network Interface (PM-WANI) scheme aimed to improve wireless connectivity by way of offering free wireless Internet in public places across the country, as a part of the Digital India program.
NEW DELHI: HFCL Limited, formerly known as
Himachal Futuristic Communications has supplied indigenously designed, developed, and manufactured 100,000 Wi-Fi systems in a record time, and believes that Wi-Fi Access Network Interface or WANI together with the Centre’s ambitious BharatNet initiative would augment broadband uptake in rural India.
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