Deals13 Mar 2026, 08:25 am
HFCL Ltd Secures USD 1.10 Billion Supply Agreement for High-Quality OFC
AI Summary
HFCL Ltd has entered into a five-year supply agreement with a global multinational corporation for the supply of high-quality, high-fibre-count Optical Fiber Cables (OFC) through its overseas wholly owned subsidiary. The total potential value of the contract is estimated at approximately USD 1.10 billion, equivalent to INR 310,159 crores. This agreement marks a significant milestone for the company, being the first instance of a long-term, multi-year OFC supply arrangement.
Key Highlights
- Five-year supply agreement for high-quality, high-fibre-count OFC
- Total potential value of the contract estimated at approximately USD 1.10 billion
- Agreement with a global multinational corporation
- First instance of a long-term, multi-year OFC supply arrangement
- Strengthens the Company’s competitive positioning and reinforces its long-term growth outlook in the global OFC market