HFCL Limited has informed the Exchange about HTL Limited, a material subsidiary of the Company secures Orders of Rs.1366 crore for supply of Optical Fiber Cables (OFC)
HFCL · price
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On the reaction day the stock moved in line with Nifty Smallcap 250 and 7.6 pts less than its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HFCL's material subsidiary HTL Limited has won orders worth approximately ₹1,366 crore (including GST) for the supply of Optical Fiber Cables (OFC) from a renowned domestic Tier-1 customer. The orders are to be executed by December 2026 and fall under normal course of business. No promoter group or related party has any interest in the awarding entity, and the contract is at arm's length. The disclosure is being made under the SEBI Master Circular on material orders, indicating the size is significant relative to the company's turnover.
This is a sizeable order win that strengthens HFCL's order book and provides strong revenue visibility through end-FY27. The disclosure under SEBI's material order norms signals positive order inflow momentum and reaffirms demand for OFC, which should be viewed favorably by shareholders.