HFCL bags Rs 10,159 crore global fibre cable deal
HFCL has signed a five-year agreement worth approximately Rs 10,159 crore with a global multinational corporation to supply high-quality, high-fibre-count optical fibre cables (OFC).
An Indian technology company operating in the telecom and defence sectors, HFCL in its regulatory filing said that the contract will be executed through the company’s overseas wholly owned subsidiary.
The total potential value of the agreement is estimated at about $1.10 billion, which is roughly Rs 10,159 crore based on current selling prices of OFC products.
