HFCL is sharing focus as the company wins export orders worth Rs 303 crore

HFCL shares will be in focus on Thursday, October 9, after the company announced that it has bagged significant export orders worth around $34.19 million (approximately Rs 303.35 crore) for supply of fiber optic cables.

The orders have been awarded to HFCL’s wholly owned overseas subsidiary by a renowned international client.

“We are pleased to inform all stakeholders that the company has secured export orders worth ~$34.19 million (equivalent to ~Rs 303.35 crore) for supply of fiber optic cables, through its overseas subsidiary, from a renowned international customer,” the company said in its exchange filing.

HFCL added that the orders, to be fulfilled by April 2026, are for fiber optic cables manufactured to customer specifications. The company emphasized that the contracts, awarded under general contract terms, reflect confidence in its manufacturing capabilities, technological expertise and product quality.

The orders are classified as international, awarded by a foreign entity, and the company clarified that there is no promoter or promoter group interest in the awarding entity.

Price development of the HFCL share

Over the past year, HFCL shares have fallen sharply, down 47.96%, due to significant pressure on investor sentiment. Year-to-date, the stock is down 35.74%. Over the last six months it has fallen 3.62%, and in the last three months alone it has fallen 11.88%. However, the stock posted a modest recovery of 3.17% over the past month.

On Wednesday, HFCL shares closed 1.65% lower at Rs 73.22 on the BSE.

Also read: Tata Motors demerger effect: Shares fall 7% in four days. What investors need to know before the record date

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times)