The technology company, which specialises in building digital networks for telcos, enterprises and governments, said that the domestic order is expected to be executed by December this year. “These orders reaffirm the confidence reposed by our customers in the Company’s manufacturing capabilities,” it added in an exchange filing on Wednesday.
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Earlier in March, the company announced its foray into aeronautics manufacturing with inorganic expansion to be executed through a newly acquired firm, Spiral EHL Engineering Private Limited. It also consolidated its defence business under a new entity, HASPL, which was set to commence operations with a total order book of Rs 1,680 crore.HFCL also announced that it has entered into a five-year supply agreement with a customer for the supply of high-quality, high-fibre-count Optical Fiber Cables (OFC) through its overseas wholly owned subsidiary. The total potential value of the contract over its tenure is estimated at approximately $1.10 billion or Rs 10,159 crores, the company had said, based on prevailing selling prices of OFC products being supplied.
Under the contract, the subsidiary will supply a minimum quantity of multi-million fibre kilometres of OFCs, primarily used in internet infrastructure (FTTH) and telecommunications, annually from 2026 to 2028, with the arrangement automatically extending to cover 2029 and 2030.
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HFCL share price
HFCL shares have jumped around 13% in one week, and more than 18% in one month. The stock gained over 29% in the past three years, and rallied around 219% in the past five years. The company ‘s market capitalisation currently stands at more than Rs 12,300 crore.
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