HFCL Share Price Jumps on Rs 44.36 Crore Indian Army Contract

By siliconindia  |  Monday, 10 March 2025, 09:41:56 AM IST

HFCL Share Price Jumps on Rs 44.36 Crore Indian Army Contract
The shares of the technology firm HFCL went up on Monday, March 10, following an order secured by the company's subsidiary from the Indian Army. Its stock went up 1.16% to Rs 84.84 per share on the National Stock Exchange (NSE) at 9:20 am. Its market capitalisation is Rs 12,239.64 crore.
In a filing on the exchange, the company reported that its material subsidiary, HTL Ltd, won a Rs 44.36 crore contract to provide tactical optical fiber cable assemblies. This Made-in-India-made solution comprises optical fiber cables with the ability to bear heavy armoured vehicle loads, equipped with special military-grade connectors for extreme environments.
"It is designed particularly for mission-critical use in applications where rapid deployment of optical fiber communication links is essential in difficult battlefield environments. Portable and lightweight, it can be easily carried by troops in a backpack", HFCL said.
Last month, the company won an Rs 2,501.30 crore advance work order from Bharat Sanchar Nigam Ltd to implement the BharatNet Phase III Programme in the Punjab Telecom Circle.
On a consolidated basis, the firm recorded a 1.97% fall in operating revenue to Rs 1,011.95 crore in the December quarter, from Rs 1,032.31 crore in the same quarter a year ago. Profit after tax decreased 11.95% to Rs 72.58 crore from Rs 82.43 crore in the year-earlier quarter.
"Despite a dynamic and demanding market scenario, HFCL has proved to be resilient with a stable performance on a quarterly basis. Our unrelenting focus on innovation and strategic expansion continues to propel us ahead", stated Mahendra Nahata, Managing Director of HFCL. "The recent BharatNet order wins testify to our capability to augment India's digital infrastructure, affirming our role as a reliable technology partner in the Country's broadband revolution".

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