HFCL Share Price Today Rises Nearly 7% After subsidiary HTL Bags Rs 1,366 Crore Optical Fiber Order

Himachal Futuristic Communications Limited (HFCL) Ltd shares saw strong upward momentum in today's trading session after its subsidiary HTL Limited secured a major domestic contract worth around Rs 1,366 crore for the supply of optical fiber cables (OFC).

HFCL Share Price Today Rises After Rs 1,366 Crore Order Win From HTL

Following the announcement, HFCL shares surged sharply on Thursday, gaining nearly 7% in intraday trade. The stock was last seen at Rs 80.42 on the National Stock Exchange (NSE) at 10:39 am, up 6.98% or Rs 5.25.

During the session, the stock opened at Rs 75.39, touched a high of Rs 81.40, and a low of Rs 75.25 after the order news.

Why HFCL Share Price is Climbing?

The rally in the stock came as HTL Limited, a material subsidiary of HFCL, informed exchanges that it had received the large order from a Tier-1 customer. The contract involves the supply of optical fiber cables as per customer specifications and is scheduled for execution by December 2026. The total order value includes applicable GST, the company said in its filing.

Market participants believe the deal significantly strengthens HFCL's order book and improves its revenue visibility over the medium term. The contract is also seen as a positive trigger for the telecom equipment maker, which continues to benefit from rising demand for optical fiber infrastructure.

Know About HFCL

HFCL is a key player in India's telecom and defense technology space, offering optical fiber cables, broadband equipment, and advanced networking solutions. The company is also focused on R&D-led innovation in IP MPLS routers, Wi-Fi systems and next-generation connectivity products.

Apart from telecom, HFCL has expanded into defense manufacturing, supplying advanced systems such as thermal weapon sights and radar solutions to global markets including Europe, Africa and the United States.

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