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The orders have been awarded by a renowned international customer to HFCL’s wholly owned overseas subsidiary.
“We are pleased to inform all stakeholders that the Company has secured export orders worth ~$34.19 million (equivalent to ~Rs 303.35 crore) for the supply of optical fiber cables, through its overseas wholly owned subsidiary, from a renowned international customer,” the company said in its exchange filing.
HFCL added that the orders, which are to be executed by April 2026, are for optical fiber cables manufactured as per customer specifications. The company highlighted that the contracts, awarded under general contract conditions, reflect confidence in its manufacturing capabilities, technological expertise, and product quality.
The orders are classified as international, awarded by an overseas entity, and the company clarified that there is no promoter or promoter group interest in the awarding entity.
HFCL share price performance
Over the past year, HFCL shares have fallen sharply by 47.96%, reflecting significant pressure on investor sentiment. Year-to-date, the stock is down 35.74%. Over the past six months, it has slipped 3.62%, and in the last three months alone, it has dropped 11.88%. However, the stock posted a modest recovery of 3.17% in the past month.
On Wednesday, HFCL shares closed 1.65% lower at Rs 73.22 on the BSE.
Also read: Tata Motors demerger effect: Shares slip 7% in 4 days. What investors need to know ahead of record date
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