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HFCL secures purchase order worth Rs 623 crore

19 Jan 2024 Evaluate

HFCL has secured a purchase order of Rs 623 crore for the supply of indigenously manufactured 5G networking equipment. This is first such large order for 5G networking equipment placed on any Indian company by any telecom service provider. This strategic win is a testament to HFCL’s vision of designing and manufacturing high technology telecom equipment in India.

HFCL has been investing in building its end-to-end portfolio of 5G networking equipment which transforms telcos’ access, transport and last-mile networking requirements. The newly secured purchase order underscores HFCL's commitment to providing cutting-edge solutions tailored to the unique needs of the telecom landscape. Moreover, with enormous export market potential, these indigenously developed products are in line with the country's ‘Make in India for a Global Stage’ vision. HFCL with its strategy is rightly positioned to not only bolster revenue but also enhance profitability leading to increased returns for the shareholders.

HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa, and its subsidiary i.e. HTL facilities in Chennai and Hosur.


HFCL Share Price

93.34 -2.11 (-2.21%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Vindhya Telelinks 1340.55
HFCL 93.34
Pace Digitek 171.80
Bondada Engineering 356.55
GTL Infrastructure 1.23
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