HFCL wins order worth ~₹67 Crores from a leading Indian telecom service provider to supply optical fiber cable

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HFCL wins order worth ~₹67 Crores from a leading Indian telecom service provider to supply optical fiber cable
HFCL wins order worth ~₹67 Crores from a leading Indian telecom service provider to supply optical fiber cable

HFCL had recently also launched its innovative 1728-high-fiber count IBR cable during IMC 2023 to accelerate 5G network infrastructure installation, expand its FTTH capabilities, and meet the rising demand from data centers.

India, December 5, 2023: HFCL Limited, India’s leading technology enterprise offering communication network solutions for telcos, railways, and defence sectors, has announced its new order win worth ~₹67 crore for the supply of optical fiber cables from a leading domestic telecom service provider in India. The timeline to execute this order is April 2024, when HFCL will be supplying multiple types of optical fiber cables as per customer specifications during this time period.

Optical fiber cables (OFCs) have emerged as an essential infrastructure for modern-day connectivity. There is growing demand for OFCs as India is on a significant digitization drive with its national priorities like fiberization under the BharatNet programme, and the rollout of 4G and 5G networks by telecom operators. The recent Cabinet approval for an additional ₹1.39 lakh crore for the ambitious BharatNet project to provide rural broadband connectivity will further boost the demand for optical fiber cables in the country.

HFCL is witnessing strong market demand for optical fiber cable from both domestic and global markets. The company has recently announced expanding its optic fiber capacity from its existing 12 mn fkm to 33 mn fkm and its high-quality optical fiber cable capacity from 25 mn fkm to 35 mn fkm by March 2025. As a leading manufacturer of optical fiber (OF) and optical fiber cables (OFC) in India (with more than 50% market share in India for OFC in FY23), HFCL aims to cater to evolving customer needs in the Indian and global markets on the back of its indigenous innovation and R&D capabilities. In line with HFCL’s commitment to emerge as a significant contributor and a partner of choice in the government’s nationwide infrastructure upgrade, along with leading enterprises and telcos, the company is constantly designing and developing new higher-fiber count cables. HFCL had recently also launched its innovative 1728-high-fiber count IBR cable during IMC 2023 to accelerate 5G network infrastructure installation, expand its FTTH capabilities, and meet the rising demand from data centers. The company has also expanded across global markets like the UK, US, France, Germany, and Australia.

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