1 day ago
HFCL Wins Rs 2,329 Crore Optical Fibre Cable Contract
HFCL has won a large contract to make and supply special internet cables.
The deal is worth about Rs 2,329 crore.
The customer is an international company, but HFCL did not name it.
HFCL will provide cables with many individual fibres inside them.
The deliveries will happen each year from 2027 to 2029.
The work will be carried out through HFCL’s overseas subsidiary.
HFCL said the deal shows that customers trust its technology and manufacturing abilities.
The company’s shares opened lower on September 1, although they had risen over the previous month and year.
HFCL signed a three-year optical fibre cable supply agreement worth about $244 million, or Rs 2,329 crore.
The unnamed international customer is described as a global multinational corporation.
HFCL will supply high-fibre-count optical fibre cables through its overseas wholly owned subsidiary.
Deliveries are scheduled from calendar year 2027 through 2029, with completion expected by December 2029.
HFCL said the contract strengthens its position in the global optical fibre cable market; its shares fell 1.31% at the September 1 market open.
- Who
- HFCL and an unnamed global multinational customer.
- What
- HFCL signed an agreement to supply high-fibre-count optical fibre cables worth about $244 million, or Rs 2,329 crore.
- Where
- The supply will be executed through HFCL’s overseas wholly owned subsidiary; the customer’s location was not disclosed.
- When
- The contract was disclosed in a regulatory filing; deliveries are scheduled from calendar year 2027 through 2029, with completion expected by December 2029.
- Why
- HFCL said the agreement reflects its technological capabilities, operational excellence and customer trust, while strengthening its international market position.
Key facts
- Contract value
- About $244 million, or roughly Rs 2,329 crore
- Contract duration
- Three years
- Product
- High-quality, high-fibre-count optical fibre cables
- Delivery period
- Calendar year 2027 through calendar year 2029
- Expected completion
- December 2029
- Customer
- An unnamed global multinational corporation
- Related-party status
- HFCL said the agreement is not a related-party transaction
- Share performance
- Shares fell 1.31% at the September 1 market open, but were up 21.02% over one month and 244.87% over one year
Sources
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