Samyag

Corporate Actions

Back

HFCL gains as arm bags $1.1 billion global optical fibre supply contract

13-Mar-26 09:49 Hrs IST

Under the agreement, the subsidiary will supply multi-million fibre kilometres (fkm) of high-quality, high-fibre-count OFC every calendar year from CY26 to CY28. The contract will automatically extend for two additional calendar years, CY29 and CY30.

Purchase orders will be released periodically during the contract period based on project-wise and specification-wise requirements, the company said in a regulatory filing.

The agreement also allows the subsidiary to supply optical fibre cables to the assignees and authorised affiliates of the customer.

The international contract is to be executed by December 2030. The company added that the promoter or promoter group does not have any interest in the entity awarding the contract and the transaction does not fall under related-party transactions.

HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC).

The company reported a 41.04% jump in consolidated profit to Rs 102.37 crore on a 19.65% increase in revenue from operations to Rs 1,210.79 crore in Q3 FY26 as compared with Q3 FY25.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.