HFCL Limited has informed the Exchange about Bagging/Receiving of Export Orders of USD 40.65 million approx. (equivalent to INR 358.38 crore approx.) for supply of Optical Fiber Cables (OFC)
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Awaiting price reaction for this filing.
HFCL Limited has secured export orders worth approximately USD 40.65 million (around INR 358.38 crore) for the supply of Optical Fiber Cables (OFC). The orders are denominated in US dollars, confirming international buyers. The company has not disclosed the client's name, delivery timeline, or order execution period in the filing. Optical Fiber Cable is one of HFCL's key product lines alongside telecom equipment and related supplies.
This is a positive development for shareholders as the order is sizable and comes in a stable hard currency (USD), which reduces forex risk on the receivables. It also strengthens HFCL's export portfolio and signals continued overseas demand for Indian-made optical fiber products.