HFCL shares edged over 2% higher in today’s trade after the company announced a major export order that has added fresh momentum to its order book. The telecom and optical fiber manufacturer said it has bagged orders worth about USD 72.96 million, translating to roughly ₹656.10 crore, for the supply of optical fiber cables to a well-known global customer.
The order has been secured through HFCL’s overseas wholly owned subsidiary and is set to reinforce the company’s presence in international markets. HFCL noted that this development highlights the strong confidence global clients continue to place in the company’s manufacturing capabilities, technological strength, and consistent product quality.
According to the regulatory filing, the contract has been awarded by an international customer under standard contractual terms and conditions. The scope of the order involves supplying optical fiber cables customised to client specifications, with the execution timeline running up to November 2026. The company clarified that the promoter or promoter group has no interest in the customer awarding the contract and that the order does not fall under related-party transactions.
HFCL shares were up 2.39% at ₹70.68 apiece around 9.40 am. It has declined 38.01% this year, so far.
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