NEW DELHI: Domestic telecom gear and connectivity infrastructure major HFCL announced on Thursday that it has clinched substantial export purchase orders aggregating approximately ₹834.36 crore ($88.94 million) for supplying advanced optical fibre cables to a prominent international client.
The contract, secured through the company’s wholly-owned overseas subsidiary, is scheduled for complete delivery and rollout by June 2027, the company confirmed in a regulatory filing with the stock exchanges.
“These prestigious export orders reaffirm the deep confidence reposed by global tier-one customers in HFCL’s indigenous engineering capabilities, advanced manufacturing benchmarks, and superior optical product standards,” the company stated in its statutory disclosure.
The latest international contract follows a massive ₹2,329 crore ($244 million) multi-year optical fibre cable supply agreement secured by HFCL in September from a global multinational enterprise, underscoring robust worldwide momentum in telecommunication infrastructure.
Driven by skyrocketing global demand for high-bandwidth connectivity and optical cabling from hyper-scale Artificial Intelligence (AI) data centres, HFCL recorded an exponential jump in second-quarter financial performance for the period ending September 30, 2026. Consolidated net profit escalated more than five-fold to ₹394.22 crore compared to ₹72 crore recorded in the corresponding quarter of the previous fiscal year.
Consolidated revenue from operations surged by 143 percent to ₹2,541.79 crore in Q2 FY27 from ₹1,043.34 crore reported in Q2 FY26. Bolstered by this rapid order intake, HFCL has projected an 80 percent topline revenue expansion for the full fiscal year 2026-27, with internal forecasts pointing to breaching the milestone ₹10,000 crore annual revenue mark well ahead of its original FY29 schedule.
To support this accelerated global demand trajectory, HFCL’s Board of Directors has sanctioned a fresh capital expenditure investment of ₹400 crore to expand fiber draw and cable manufacturing capacities, funded through internal accruals and commercial borrowings, slated for commissioning by mid-2028.
Published by True Roots Media