Get Quotes

Market Menu

News Details

( As on 07/01/2019 19:50) Himachal F. Comm - Updates

Himachal Futuristic Communications Limited has informed the Exchange regarding 'This is to inform you that the Board of Directors of the Company at its Meeting held on 7th January, 2019, have 3. Approved the proposal of enhancing additional manufacturing capacity of Optical Fibre Cable (OFC) at Hyderabad from 7 million Fibre Kilometer (FKM) to 10.5 million FKM where the Company is already setting up Optical Fibre (OF) and OFC manufacturing Facilities.As required under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we disclose hereunder the following information related to proposed enhanced additional capacities of OFC manufacturing: a. Existing capacity : 8 million FKM approx.b. Exiting capacity utilization : 96%c. Work in progress : 7 million FKMd. Proposed capacity enhancement in addition to (c) above : 3.5 million FKMe. Post capacity addition : 18.5 million FKMf. Period within which the proposed Capacity is to be added : By June, 2019 g. Additional Investment required for enhancement of capacity : Rs.35 Croresh. Mode of financing : Internal accruals/Term Loansi. Rationale : Increase in demand of Optical Fibre Cable in India as well as world Market. '.