HFCL Limited has informed the Exchange about HTL Limited, a material subsidiary of the Company bags Contract of INR 101.82 crore approx. from Indian Army for supply of Tactical Optical Fiber Cable and related accessories
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HTL Limited, a material subsidiary of HFCL, has secured a contract worth approximately ₹101.82 crore (including taxes) from the Indian Army. The order is for the supply of indigenously manufactured Tactical Optical Fiber Cables and related accessories designed for battlefield communication. The cables feature military-grade connectors and can withstand the weight of heavy armored vehicles, making them suitable for mission-critical defence operations. The contract is a domestic award with execution expected by August 2026. There is no related party interest involved, and the order was received in the normal course of business.
Positive development for HFCL as it reinforces the subsidiary's defence order pipeline and highlights its growing role in indigenous military communication solutions. The contract provides revenue visibility through FY26, though investors should note that at ~₹102 crore, it represents a modest share of HFCL's overall consolidated revenue base. Watch for execution updates and margin disclosure in upcoming quarters.