We are pleased to inform to all our stakeholders that the Company has secured a Purchase Order ('PO') aggregating to ~INR 157 Crores for the supply of various types of Optical Fiber Cables ....
Awaiting price reaction for this filing.
HFCL Limited has secured a Purchase Order worth approximately INR 157 Crores (excluding taxes) for supplying various types of Optical Fiber Cables. The order is from Tera Software Limited, which is a consortium partner of ITI Limited, for the BharatNet Phase III Project in the West Bengal Telecom Circle. The order is domestic and is to be executed within three years. BharatNet is a Government of India initiative to provide broadband connectivity across the country, making this a government-backed telecom infrastructure order. The filing confirms that the order is not a related party transaction and that promoters have no interest in the awarding entity.
This is a meaningful order win that strengthens HFCL's order book in the domestic telecom infrastructure segment, particularly in government-backed BharatNet projects. Positive for revenue visibility over the next three years, though the stock impact will depend on HFCL's overall order book size and quarterly execution.