Himachal Futuristic Communications Ltd (HFCL) has decided to invest Rs 35 crore to expanding optical fibre manufacturing facility to 10.5 million route fibre kilometre by June this year.
In a filing, the company said the board of the company in its meeting “approved the proposal of enhancing additional manufacturing capacity of Optical Fibre Cable (OFC) at Hyderabad from 7 million Fibre Kilometre (fkm) to 10.5 million fkm where the company is already setting up optical fibre (OF) and OFC manufacturing facilities”.
HFCL has existing production capacity of 8 million fkm approximately and working with utilisation capacity of 96 per cent.
It is already working on adding 7 million fkm which the board has now enhanced by another 3.5 million fkm. With this increment, the company will have total production capacity of 18.5 fkm by June 2019.
“Additional investment required for enhancement of capacity is Rs 35 crore,” said the filing.
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