HFCL Ltd - 500183 - Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Held On January 23, 2023
The Board of Directors, at its meeting held today i.e. Jan 23, 2023, has, inter-alia, considered and approved the following:- 1. Unaudited Financial Results of the Company for the Q3 and 9 Months ended Dec 31, 2022, of the FY23, both on Standalone and Consolidated basis. 2. setting up the manufacturing facility for telecom and networking products in the vicinity of Gurugram in the State of Haryana, at a total project outlay of ~?425 cr to be incurred over a period of four years starting from FY 23, to avail the benefits and incentives under the PLI/DLI Scheme up to ?652.79 cr, on production and sales of Telecom and Networking Products, spread over a period of five years, during FY23 to FY27. 3. Approval to further expand the existing optical fiber manufacturing capacity upto 24.96 mfkm/p.a at project out lay of Rs.~357 cr in the State of Telangana where Company's optical fiber manufacturing facility is already operational.23-01-2023
