HFCL wins ₹10,159 crore multi-year deal to supply optical fibre cable to global multinational

NEW DELHI: Homegrown vendor HFCL has won a multi-year deal from a global multinational corporation valued at nearly ₹10,159 crore (or $1.1 billion) for the supply of high-fibre count optical fibre cable (OFC).

“The total potential value of the contract over its tenure is estimated at ~$1.10 billion, equivalent to ~₹10,159 crores, based on prevailing selling prices of OFC products being supplied,” HFCL said in a regulatory filing on Friday, adding that it will supply OFC through its overseas wholly-owned subsidiary.

For HFCL, this marks a significant milestone, being the first for the company, to date, of entering into a long-term, multi-year OFC supply deal of this nature.