Athira Sethu
Kochi, 13 March 2026
Shares of HFCL- a leading cable manufacturing company- came on radar following the announcement that the company had secured a long-term contract with a global multinational customer.
The stock advanced by as much as 3.66%, reaching a high of ₹77.20 on the NSE in the morning trade. However, it closed 2.91% down at Rs 72.30 on Friday in NSE.
Under the new contract, which spans five years, the company will supply high-quality Optical Fibre Cables (OFC) through HFCL’s wholly owned subsidiary. The total value of the contract is estimated at nearly $1.10 billion (approximately ₹10,159 crore). This deal marks a significant milestone for HFCL, as it is the first time in the company’s history that it has entered into a long-term, multi-year OFC supply agreement.
The contract is expected to run from the calendar year 2026 (CY26) to 2030 (CY30). It involves the supply of a minimum quantity of multi-million fibre kilometres (fkm) of high-quality, high-fibre-count Optical Fibre Cables (OFC) annually. The agreement also includes the possibility of two additional years (CY29 and CY30) for extension. The purchase orders will be released periodically based on the specific requirements for each project. Under the terms of the agreement, HFCL’s subsidiary is eligible to execute these orders.
| Contract Duration | CY26 to CY30 | Contract Value |
| Estimated Value | ₹10,159 crore (~$1.10 billion) | Multi-million fibre kilometres (fkm) |
This agreement also marks a significant achievement for HFCL, as it is their first-ever long-term supply arrangement of this kind. The contract’s execution period extends until December 2030, and it is expected to be a key growth driver for the company in the coming years.
