HFCL Limited has reported that HTL Limited, a material subsidiary of the company, has secured significant orders totaling approximately ₹ 1366 crore for the supply of optical fiber cables. The contract was awarded by a Tier-1 customer.
These new orders highlight the confidence placed by customers in the manufacturing capabilities, technological excellence, and product quality associated with the company.
The details of the secured orders are as follows:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/contact(s) | Tier-1 customer |
| Significant terms and conditions of order(s)/ contract(s) awarded in brief | General Contract Conditions |
| Domestic/International Entity | Domestic |
| Nature of order(s) / contract(s) | Supply of Optical Fiber Cables as per customer specifications. |
| Domestic or International | Domestic |
| Execution Time Period | By December 2026 |
| Broad Consideration or Size of the Order(s)/ Contract(s) | ~ ₹ 1366 crore (including applicable GST) (Rupees One Thousand Three Hundred Sixty Six Crore only) |
| Interest of Promoter Group | No |
| Related Party Transactions | No |
The order placement falls within the normal course of business operations for the company.
HFCL Stock Price Movement
On Tuesday, HFCL Limited shares slipped 0.52% to settle at ₹72.64, falling from the previous close of ₹72.88. The stock saw a notable volume of 10.48 million shares traded as the equity retreated during the session.Source:
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