HFCL secures $1.1 billion contract for optical fiber cables
pre-market1 source ↓written by the desknot a recommendation
- ₹10
- $1.1 billion
- supplied annually
- 2026 to 2028
- potential extensions
- 2029 and 2030
HFCL has secured a five-year contract valued at $1.1 billion (₹10,159 cr) for the supply of optical fiber cables through its overseas subsidiary. The agreement includes a minimum quantity of multi-million fiber kilometers to be supplied annually from 2026 to 2028, with potential extensions to 2029 and 2030.
Despite this significant win, shares opened higher but have since declined, reflecting market volatility. 📉
Not investment advice. For informational purposes only.