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<\/span><\/figcaption><\/figure>NEW DELHI: Homegrown telecom gear maker HFCL<\/a>’s board on Friday inter-alia approved raising up to Rs 650 crores which will be invested in enhancing R&D facilities, setting up new production facilities to enhance capacity under the production linked incentive<\/a> (PLI) scheme and design linked incentive (DLI) scheme.

The board of directors has inter-alia approved “raising of funds up to Rs.650 crores by way of private placement or preferential issue or public issue or rights issue or qualified institutions placement or through any other permissible mode and\/or combination thereof, including by way of issue of equity shares\/ preference shares\/ bonds\/ debentures\/ non-convertible debt instruments\/ any other securities”, HFCL said in a regulatory filing on Friday.

HFCL said 5G network rollouts, increasing adoption of fibre-to-the-home (FTTH), and emphasis on rural broadband penetration will result in a huge Capex by the telecom operators globally, which will create massive opportunities for telecom equipment<\/a> vendors.

“HFCL is fully geared up to capitalize on these opportunities in India and abroad with its successful foray into the export market,” it said.

\"HFCL<\/a><\/figure>

HFCL bags deals worth Rs 97 crore from leading Indian telco for supply of optical fibre cables<\/a><\/h2>

“We are pleased to inform all the stakeholders that the Company, along with its material subsidiary, HTL Limited, has received the Purchase Orders (\"PO\") aggregating to -Rs.97 Crores, from one of the leading Private Telecom Operators of the Country for supply of Optical Fibre Cables (\"OFC\"),” the company said.<\/p><\/div>

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<\/span><\/figcaption><\/figure>NEW DELHI: Homegrown telecom gear maker HFCL<\/a>’s board on Friday inter-alia approved raising up to Rs 650 crores which will be invested in enhancing R&D facilities, setting up new production facilities to enhance capacity under the production linked incentive<\/a> (PLI) scheme and design linked incentive (DLI) scheme.

The board of directors has inter-alia approved “raising of funds up to Rs.650 crores by way of private placement or preferential issue or public issue or rights issue or qualified institutions placement or through any other permissible mode and\/or combination thereof, including by way of issue of equity shares\/ preference shares\/ bonds\/ debentures\/ non-convertible debt instruments\/ any other securities”, HFCL said in a regulatory filing on Friday.

HFCL said 5G network rollouts, increasing adoption of fibre-to-the-home (FTTH), and emphasis on rural broadband penetration will result in a huge Capex by the telecom operators globally, which will create massive opportunities for telecom equipment<\/a> vendors.

“HFCL is fully geared up to capitalize on these opportunities in India and abroad with its successful foray into the export market,” it said.

\"HFCL<\/a><\/figure>

HFCL bags deals worth Rs 97 crore from leading Indian telco for supply of optical fibre cables<\/a><\/h2>

“We are pleased to inform all the stakeholders that the Company, along with its material subsidiary, HTL Limited, has received the Purchase Orders (\"PO\") aggregating to -Rs.97 Crores, from one of the leading Private Telecom Operators of the Country for supply of Optical Fibre Cables (\"OFC\"),” the company said.<\/p><\/div>