Home / Business and Economy / HFCL Subsidiary Lands Rs 1,366 Crore Optical Fiber Deal
HFCL Subsidiary Lands Rs 1,366 Crore Optical Fiber Deal
9 Apr
Summary
- HTL Limited secured a Rs 1,366 crore contract for optical fiber cables.
- The order execution is scheduled to be completed by December 2026.
- This deal enhances HFCL's order book and revenue visibility significantly.
Himachal Futuristic Communications Limited (HFCL) Ltd witnessed a significant stock price increase today. This upward movement followed an announcement that its subsidiary, HTL Limited, had been awarded a major domestic contract. The contract is for the supply of optical fiber cables and is valued at approximately Rs 1,366 crore, inclusive of Goods and Services Tax.
HTL Limited confirmed the order from a Tier-1 customer, with the supply of optical fiber cables to be completed according to specifications. The execution of this significant contract is scheduled to conclude by December 2026.
The substantial order is expected to strengthen HFCL's overall order book. Market participants anticipate improved revenue visibility for the company in the medium term, benefiting from the sustained demand for optical fiber infrastructure.
HFCL is recognized as a key Indian player in the telecom and defense technology sectors. The company provides a range of products including optical fiber cables and broadband equipment, while also investing in R&D for next-generation connectivity solutions.
