Shares of HFCL Ltd rose 1.68% on Monday to close at ₹71.01 on the NSE after the company announced that it has secured significant export orders valued at USD 40.65 million (around ₹358.38 crore). The contracts were won through its overseas wholly-owned subsidiary, underlining HFCL’s strengthening presence in the global telecom and networking space.
According to the company’s filing, the orders pertain to the supply of various types of optical fiber cables, customized to customer specifications. These contracts have been awarded by overseas customers under general contract conditions, with execution slated for completion by April 2026.
HFCL clarified that the orders have been bagged in the normal course of business and do not fall under related party transactions, ensuring no promoter or group company involvement in the awarding entities.
The company highlighted that these wins reflect its manufacturing excellence, adherence to quality standards, and growing reputation in the international optical fiber cable market. Investor sentiment turned positive following the announcement, lifting the stock in today’s session.
