HFCL Share Price Surges 4% Following Subsidiary's Securing of ₹1,366 Crore Optical Fiber Contract
HFCL Limited Sees Shares Rise as Subsidiary Secures Major Order
Shares of HFCL Limited surged nearly 4% to Rs 75.51 in early Wednesday trade, as its subsidiary HTL Limited secured a significant order worth around Rs 1,366 crore for the supply of optical fiber cables (OFC).
The order, which was announced through a regulatory filing, involves HTL Limited supplying OFC to meet customer specifications. The contract is set to be executed by December 2026, with the total order value including applicable Goods and Services Tax (GST).
The substantial order highlights HTL Limited's capabilities in the optical fiber cable market and is expected to contribute positively to the company's overall performance. As a subsidiary of HFCL Limited, HTL Limited's success is closely tied to the parent company's fortunes, and this order is likely to have a significant impact on HFCL Limited's financials.
Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4
| Company | Order Value (in Rs crore) | Execution Date |
|---|---|---|
| HTL Limited | 1,366 | December 2026 |
Note: The order value includes applicable GST.
Investor Takeaway
Investors should take note of the positive development for HFCL Limited.
More in Market
Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4
MarketSmith India's 4 June Stock Recommendations
Foreign Investors Outpace Domestic Mutual Funds in Rupee Returns Despite Record Withdrawal of $27 Billion
