HFCL Bags ₹834 Crore International Orders, Optical Fibre Giant Eyes Bigger Growth Amid AI Revolution
Mumbai: Telecom equipment manufacturer HFCL Limited has secured fresh export orders worth approximately ₹834.36 crore ($88.94 million) for supplying optical fibre cables to an international customer, strengthening its global business portfolio. The orders will be executed through the company's overseas wholly-owned subsidiary, with deliveries scheduled for completion by June 2027. HFCL disclosed…
Mumbai: Telecommunications equipment firm HFCL Limited has secured international contracts valued at around ₹834.36 crore ($88.94 million) for supplying optical fibre cables. These orders, to be fulfilled by the company's overseas subsidiary, are set for completion by June 2027. The customer's identity remains undisclosed in the regulatory filing.
The new contract underscores rising global demand for optical fibre cables, driven by digital infrastructure growth and artificial intelligence (AI) data centre investments. Last September, HFCL secured a $244 million (approximately ₹2,329 crore) contract with a multinational company under a three-year agreement. The company's second-quarter profit surged to ₹394.22 crore for the September quarter of FY27, up from ₹72 crore in the same period last year.
This growth is attributed to increased demand for optical fibre cables from AI data centres. Looking ahead, HFCL aims for an 80% revenue growth in FY27, driven by international orders and expanding digital connectivity infrastructure. The company also anticipates surpassing the ₹10,000 crore annual revenue mark before its earlier FY29 target.
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