HFCL Limited has announced the successful acquisition of export orders totaling approximately ₹834.36 crore (equivalent to ~USD 88.94 million). These orders are for the supply of optical fiber cables (OFC) to a renowned international customer, secured through the company’s overseas wholly-owned subsidiary. The successful bid reaffirms confidence in HFCL’s manufacturing capabilities and technological prowess, with execution expected by June 2027.
Significant Export Orders Secured
HFCL Limited announced today that it has secured substantial export orders valued at approximately INR 834.36 crore, which is equivalent to approximately USD 88.94 million. These orders are for the supply of its critical product, Optical Fiber Cables (OFC).
International Customer and Execution Timeline
The orders were obtained through HFCL’s overseas wholly-owned subsidiary, indicating a strong international market penetration. The company has confirmed that the order(s)/contract(s) are from an ‘International Customer’ and are expected to be executed by June 2027. This significant achievement underscores the global demand for HFCL’s products and reinforces the company’s manufacturing capabilities and technological excellence.
Order Details
The details provided highlight that the orders are for the ‘Supply of Optical Fiber Cables as per customer specifications’. The broad consideration for these contracts is the aforementioned INR 834.36 crore. HFCL has also confirmed that the promoter/promoter group/group companies have no interest in the entity that awarded the order(s)/contract(s), and these orders do not fall within related party transactions.
These new export orders are expected to contribute positively to HFCL’s revenue stream and further solidify its position in the global telecommunications infrastructure market.
Source: BSE
