Telecom equipment maker HFCL Limited announced on Sunday that it has secured export orders worth ₹522.73 crore for the supply of optical fibre cables. According to the company's regulatory filing, the contracts are scheduled to be executed by January 2027 under general contract conditions. The orders were secured from renowned international customers, as reported by ET Now, though the company did not disclose the identity of the customers. In a separate regulatory filing dated July 30, the company also secured an export order worth $46.13 million (equivalent to ₹441.53 crore) for optical fibre cables through its overseas wholly owned subsidiary from another international customer.
On Tuesday, HFCL's board approved a fresh investment of approximately ₹400 crore to expand its optical fibre and optical fibre cable manufacturing capacities. The proposed expansion will be funded through a mix of internal accruals and debt, and is expected to be completed by July 2028. According to the company's regulatory filing, the expansion is driven by the strong order book for optical fibre cable and optical connectivity products, along with a strong pipeline of additional business opportunities expected to materialise over the near to medium term. The company's total optical fibre manufacturing capacity will be scaled up to 38.50 million fibre kilometres per annum from the current ongoing expansion target of 33.90 million fkm, while optical fibre cable manufacturing capacity will be enhanced to 56.36 million fkm per annum from the ongoing target of 42.36 million fkm.
The announcement drove positive investor sentiment, with HFCL shares climbing 5% to ₹203 on the BSE on Monday after the company won the international order. The stock has rallied a staggering 195% in the last six months, making it one of 2026's multibaggers. During trading, the stock moved between ₹194.00 and ₹194.30 per share. The stock has reached its 52-week high level of ₹229.50 per share on July 7, 2026, while the 52-week low came in at ₹59.82 on January 27, 2026. As per latest data, the stock stood at ₹199.27 per equity share, up 2.76% at around 12:09 PM on August 3, 2026.
The expansion is supported by strong demand drivers including Artificial Intelligence (AI) infrastructure, hyperscale data centres, cloud computing, high-performance computing, 5G deployments, FTTH and broadband expansion, enterprise fibreisation, rural connectivity initiatives and telecom network modernisation programmes. According to HFCL, the proposed capacity expansion will strengthen the company's manufacturing capabilities, enhance its ability to execute current and future orders, improve operational efficiencies and economies of scale, strengthen supply chain resilience and support its export growth strategy. The expansion will also enable the company to derive greater value from its integrated manufacturing platform and backward integration initiatives, while further reinforcing its position as a leading global manufacturer of optical communication products.
On July 10, HFCL had informed the exchanges that it secured an export order worth $51.98 million (equivalent to ₹495.80 crore) for optical fibre cable based data centre connectivity through its overseas wholly owned material subsidiary from a renowned international customer. The company reported strong Q1 results with annual net profit growth of 104% to ₹1,608 crore compared with ₹789 crore in the same period last year. Its net profit during the quarter came in at ₹179 crore compared with a loss of ₹42 crore in the year-ago period. HFCL has a total market capitalisation of ₹30,483.48 crore as of August 3, 2026, according to data on the NSE.
