HFCL Lays Foundation Stone For Optical Fiber Plant In Hyderabad
Himachal Futuristic Communications Limited (HFCL) announced the setting up of Greenfield project of manufacturing Optical Fiber (OF) in the state of Telangana at S-9, Fab City, E- City, Raviryala & Srinagar (V). Maheshwaram (M), Srisailam Road, Ranga Reddy District.
The company manufactures optical fibre cables at its Goa plant and at Chennai in company's subsidiary HTL Limited. In order to reduce the input cost and overcome the worldwide shortage of fibre supply, Optical Fibre manufacturing facility is being set up at Ranga Reddy District, Telangana as a backward integration of optical fibre cable manufacturing. The Facility is expected to produce 6.4 million fibrekilometers p.a. The cost of this project is estimated to be Rs. 260 crore and it will commence production from April 2019. This is a backward integration of business for HFCL and a big initiative towards "Make in India" and "Digital India" program promoted by Government of India. This manufacturing facility will be used to produce optical fibres which are mainly used for telecommunication (4G/5G) and various networks for broadband & FTTx in india and abroad.
The foundation stone was laid to mark the start of construction of the plant in the auspicious presence of Hon' ble Minister IT E&C, Municipal Administration & Urban Development and other dignitaries.
The Company has purchased a plot of land in the area of 20 acres approx to set up this Facility. This will equip the Company to create direct and indirect employment for more than 1000 personnel.
Shri Mahendra Naheta, Managing Director said, "in recent years, the demand for fibre has risen sharply across the world and it is anticipated that demand for fibre will continue to grow over the next decade owing to the increased data consumption from consumers and a major boost from government Projects like National Optical Fibre Network (NOFN); Network for spectrum (NFS); National Knowledge Network; Development of \Vi-Fi enabled smart cities and fT implementation in postal department.