New Delhi: HFCL Limited has entered into a three-year international supply agreement estimated at around ₹2,329 crore for high-fibre-count Optical Fiber Cables (OFC), with supplies scheduled across calendar years 2027 to 2029.
The agreement has been signed with an unnamed global multinational corporation and will be executed through HFCL’s overseas wholly owned subsidiary, according to the company’s September 1 stock exchange filing.
The total value of the agreement over its tenure is estimated at around USD 244 million, equivalent to approximately ₹2,329 crore.
Under the agreement, HFCL will supply multi-million fibre kilometres of high-quality, high-fibre-count OFC in each calendar year from CY27 to CY29, as per the customer’s specifications.
The company classified the contract as international and said execution will continue up to December 2029. HFCL did not disclose the identity of the customer beyond describing it as a global multinational corporation.
HFCL said the agreement demonstrates its ability to secure strategic, long-term engagements and reflects its technological capabilities, operational excellence and customer trust.
The company said only a limited number of manufacturers globally possess the technology depth, manufacturing precision and scale required for such complex optical fibre cable products.
HFCL said the agreement further strengthens its position in the global OFC market and provides long-term visibility for its international business.
The company also disclosed that its promoter, promoter group and group companies have no interest in the entity awarding the contract.
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