May 5, 2000|
HFCL net zooms.
HFCL is a company that is engaged in the manufacture of equipment related to telecommunication. It has done extremely well for the current year with net profits zooming up by 138%.
The Kerry Packer group which is based in Australia has made an investment of Rs. 10.4 bn in the company.It has orders on hand worth Rs 30 bn and is on the verge of becoming a debt free company as it intends paying off its debts by way of its existing huge reserves. During the course of the year the paid up capital increased from Rs 646 m to Rs 716 m
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