HFCL

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Telecom gear maker HFCL Ltd on Monday said the company along with its consortium partners has been declared the lowest bidder for optical fibre-based broadband network projects worth Rs 13,000 crore under BharatNet Phase III for UP East, UP West and Punjab circles. The company placed bids for UP East and UP West through consortium partners and alone for the Punjab circle. "HFCL-Rail Vikas Nigam Limited (RVNL)-Aerial Telecom Solutions Private Limited, a Consortium has been declared as the Lowest Bidders by Bharat Sanchar Nigam Limited (BSNL), for bids valued at around Rs 6,925 crore to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase III programme," the company said in the filing. The consortium will be awarded 10 years of operation and maintenance (O&M) order at an annual rate of 5.5 per cent of capex for the first five years and 6.5 per cent for the subsequent five years which will be worth about Rs 4,155 crores, after ...

HFCL share price dropped 5.96 per cent at Rs 117.51 per share on the NSE in Monday's intraday trade

Domestic telecom gear make HFCL on Monday posted 4.5 per cent year-on-year rise in its consolidated net profit for second quarter ended September 2024 (Q2FY25) to Rs 73 crore. The Q2 revenue, however, slipped 1.61 per cent year-on-year to about Rs 1,094 crore. In a statement, HFCL Managing Director Mahendra Nahata noted that the company delivered steady performance despite the ongoing softness in demand for Optic Fiber Cables globally. "Further, monsoon season in several parts of the country impacted execution of work, causing some revenue to spill over into the next quarter," Nahata said. The company said Q2FY25 was marked by some significant milestones. HFCL delivered one of the world's largest advanced broadband network gateway projects for BSNL, it added. The company also entered into a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI), US, to develop critical sub-systems for one of the world's most sophisticated unmanned aerial vehicles ...

Domestic telecom gear maker HFCL expects 70 per cent of its revenue in fibre optic segment and half of network equipment business will start flowing into the company from exports in the next three years, a top company official said on Wednesday. HFCL Managing Director Mahendra Nahata told PTI that the company is now seeing a surge in demand for 5G gears after telecom operators have installed 5G mobile towers across the country. Apart from optic fibre cable, HFCL provides peripheral telecom equipment that connects with base stations to enhance coverage. "In telecom we have two type of products -- telecom equipment and optical fibre. Our plan in fibre optic cable is in three years time, 70 per cent of our revenue should come from exports. In telecom equipment, in three years, around 50 per cent of revenue will come from exports," Nahata said. He said the company is already exporting fibre optic cables to 40 countries and has recently started exports of telecom equipment as well. "Ma

HFCL is developing drone detection radar, which is expected to become a crucial element in modern drone detection systems.

Home-grown telecom firm HFCL has been selected by General Atomics Aeronautical Systems Incorporated to develop and supply critical sub-systems for the US-based defence technology firm's advanced unmanned aircraft systems, the company said on Sunday. HFCL is developing drone detection radar, which is expected to become a crucial element in modern drone detection systems. "In a significant development that underscores HFCL's technical prowess and commitment, the company has been selected to develop and supply critical sub-systems for GA-ASI's advanced Unmanned Aircraft Systems (UAS). This partnership marks a milestone in HFCL's journey, as it becomes a key contributor to one of the world's most sophisticated unmanned aerial vehicles (UAVs)," HFCL said. The company's subsidiary, Raddef, has been developing portable and deployable advanced radar and radio frequency (wireless) solutions across various terrains. "Our selection by General Atomics Aeronautical Systems Incorporated to devel

Domestic telecom equipment maker HFCL Ltd on Tuesday reported a 46.4 per cent year-on-year rise in consolidated net profit for the June quarter to Rs 111 crore. Its revenue rose 16.4 per cent to Rs 1,158 crore in the just-ended quarter, compared to a year ago. HFCL Managing Director Mahendra Nahata noted that amid geo-political challenges, India stands out with its political stability and resilient economy, positioning itself as a prime investment destination. "The technology and telecom sectors are going to play a vital role in achieving the country's vision of 'Viksit Bharat@2047'," he said. The growing demand for high-speed internet, the expansion of 5G networks, FTTH (Fibre To The Home) implementation, hyper-scaling of data centres, advancements in Artificial Intelligence and Machine Learning, the PLI (production-linked incentive) scheme and the thrust on indigenous development and procurement of defence equipment, present substantial opportunities for the company both in domes

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Indian telecom gear maker HFCL has announced a strategic expansion into Europe with the setting up of an optical fibre cable manufacturing plant in Poland. In a release, HFCL said the move marks a milestone in the company's global expansion strategy, aimed at addressing the increasing demand for OFC in European markets such as the UK, Germany, Belgium, France, Poland, among others. HFCL's manufacturing unit in Poland will begin with a capacity of 3.25 million fibre km (fkm) and scalable up to 7 million fkm, with an initial capital outlay of up to Rs 144 crore, thus fulfilling the increasing OFC demand. "This strategic move will not only enhance HFCL's agility but also reduce transit times by approximately six weeks, thereby enabling increase in order fulfilment capacity," it said. The establishment of the manufacturing facility in Poland will be facilitated through the incorporation of a new stepdown subsidiary in Poland under HFCL B.V., a wholly-owned subsidiary of the company in

HFCL Limited on Friday said it has bagged a Rs 623 crore order for the supply of indigenously manufactured 5G networking equipment. The contract is from a domestic telecom service provider, HFCL said in a release but did not name the company. HFCL said the order is required to be executed by December 2024. "HFCL Limited...has secured a purchase order of Rs 623 crore for the supply of indigenously manufactured 5G networking equipment," it said. This is the first such large order for 5G networking equipment placed on any Indian company by any telecom service provider, it added. "Our recent order wins are clearly a testament that our strategy of moving from projects to margin accretive products, launching new products, reaching out to new customers and new geographies is paying off well and will bolster our position even further in 2024," HFCL Managing Director Mahendra Nahata said. As per industry estimates, the global 5G last-mile equipment market is projected to reach USD 68 bill

HFCL Ltd (HFCL) on Monday said it has secured a Rs 1,127 crore order from Bharat Sanchar Nigam Ltd (BSNL) aimed at transforming the Optical Transport Network (OTN) infrastructure across the state-owned telco's pan India network. HFCL's comprehensive network upgrade will not only cater to the requirements of enterprise and FTTH/broadband services but also position BSNL for the future with the seamless launch of 4G services and the anticipation of 5G services in the coming years. HFCL, in a release, said it has secured Rs 1,127 crore order to transform BSNL's Optical Transport Network. "Leveraging its unparalleled expertise in integrating complex systems, HFCL has strategically partnered with the NOKIA Network to deploy state-of-the-art optical technology," the release said. This partnership underlines a commitment to deliver cutting-edge solutions that transcend industry standards and redefine the parameters of technological excellence network, the release added.

The stock has rallied over 21 per cent in the last two trading sessions after unveiling new products for the defence market.

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The company has secured an order aggregating Rs 1,015 crore from Madhya Pradesh Jal Nigam, a Government of Madhya Pradesh Undertaking (MPJN).

Reliance Industries-backed Himachal Futuristic Communications Limited (HFCL) on Monday said it has bagged a Rs 82.60 crore order from a domestic telecom service provider. In a regulatory filing, the company said it has received the order for the supply of optical fibre cable from an Indian company into telecom services, and the contract is likely to be executed by November this year. HFCL recorded a 42 per cent rise in its net profit to Rs 75.56 crore in the April-June quarter of FY2023-24, up from Rs 53 crore in the year-ago period.

Telecom gear maker HFCL Limited on Tuesday announced it has bagged an order worth Rs 80.92 crore from Delhi Metro Rail Corporation (DMRC). HFCL will set up Fibre Optics Transmission System (FOTS) for Delhi Metro Rail Project, according to a statement. "The company will be involved in the design, manufacture, supply, installation, testing and commissioning of Fibre Optics Transmission System (FOTS) for three priority Corridors of Phase-IV of Delhi Metro Rail Project," the statement said, announcing the Rs 80.92 crore order win from Delhi Metro Rail Corporation. "HFCL has a strong track record in deploying communication networks for various railway projects globally and domestically, including the Mauritius Metro, the ongoing Dhaka Metro project and the Gujarat Metro project coupled with Kanpur-Agra metro rail projects," it said. The company said it is well-positioned to expand its railway capacities in India. "Moreover, HFCL has a rich and varied experience in integrating communica

The company will be involved in the design, manufacture, supply, installation, testing and commissioning of the fibre optics transmission system

Domestic telecom gear maker HFCL has bagged about Rs 222 crore order from Reliance Jio and its sister concern Reliance Projects & Property Management Services Limited for transmission equipment, according to a regulatory filing. The company has bagged an order worth Rs 179.24 crore from Reliance Projects & Property Management Services Limited for supplying various types of Optical Fiber Cables by October. Reliance Jio has placed an order worth Rs 42.71 with HFCL to supply indigenously designed, developed and manufactured 700 megabits per second (Mbps) and 1 gigabit per second (Gbps) point-to-point Unlicensed Band Radios by July. "...the Company, along with its material subsidiary, HTL Limited, has received the Purchase Orders aggregating to about Rs 221.95 Crore, consisting Purchase Orders of about Rs 179.24 Crores from Reliance Projects & Property Management Services Limited for the supply of Optical Fiber Cables and of Rs 42.71 crores approximately from Reliance Jio ...

The shares of HFCL Limited ended marginally higher at Rs 65.21 on BSE