HFCL Secures ₹84 Crore Cable Supply Deal, Shares Rise
HFCL climbs after Rs 84 crore cable supply deal
Business Standard
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HFCL's shares increased by 4.60% to ₹131.85 following the announcement of a purchase order worth approximately ₹84.23 crore for optical fiber cables from a major domestic telecom operator. The contract is set to be completed by August 2026.
- 01HFCL secured a purchase order worth ₹84.23 crore.
- 02The order is for optical fiber cables from a leading telecom operator.
- 03Shares rose by 4.60% to ₹131.85 following the announcement.
- 04The contract will be executed by August 2026.
- 05HFCL reported a net profit of ₹178.50 crore in Q4 March 2026.
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HFCL, a telecom infrastructure company based in India, saw its shares rise by 4.60% to ₹131.85 after announcing a significant purchase order worth approximately ₹84.23 crore for the supply of optical fiber cables. This order comes from a leading domestic telecom operator and is expected to be executed by August 2026. The contract stipulates that the optical fiber cables will be supplied according to customer specifications. In its latest financial report, HFCL reported a net profit of ₹178.50 crore for the fourth quarter ending March 2026, a significant recovery from a net loss of ₹81.43 crore in the same quarter the previous year. Additionally, net sales surged by 127.81% year-on-year to ₹1824.12 crore in Q4 March 2026, indicating strong growth for the company.
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The contract will boost HFCL's revenue and market position, potentially leading to job creation and increased investment in telecom infrastructure.
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