HFCL Secures ₹2329 Crore Optical Fiber Cable Supply Deal
HFCL Limited announced a three-year supply agreement for Optical Fiber Cables (OFC) worth approximately USD 244 million (₹2329 Crore). The contract is with a global multinational corporation and will be executed through HFCL's overseas subsidiary by December 2029.
The value of the contract (₹2329 Crore) is substantial and represents a significant business win for the company, impacting its revenue and market standing.
The announcement details a significant new order for HFCL, indicating business growth and a strengthened market position.
HFCL Limited has entered into a three-year supply agreement with a global multinational corporation for the supply of Optical Fiber Cables (OFC) through its overseas wholly-owned subsidiary. The total value of this contract is estimated at approximately USD 244 million, equivalent to ₹2329 Crore.
The agreement specifies the supply of high-quality, high-fibre-count OFC in each calendar year from 2027 to 2029. This international contract is set to be executed by December 2029.
HFCL stated that this engagement reinforces the company's ability to secure strategic long-term engagements, highlighting its technological capabilities, operational excellence, and strong customer trust. Given the limited number of global manufacturers with the required technology, precision, and scale for such complex OFC products, this agreement is expected to materially strengthen HFCL's competitive positioning and long-term growth outlook in the global OFC market.
A plain-language summary of a public exchange filing by HFCL Limited. Read the original for the full detail.