10 Mar 2025

HFCL Stock Gains as Subsidiary Secures Rs 44.36 Crore Indian Army Contract

HFCL is trading at RS 84.29, up by 0.43 points or 0.51% from its previous closing of RS 83.86 on the BSE.

The stock opened at RS 84.81 and touched a high of RS 85.90 and a low of RS 83.48. A total of 1,80,967 shares have been traded so far.

The BSE group 'A' stock, with a face value of RS 1, recorded a 52-week high of RS 171.00 on 23-Sep-2024 and a 52-week low of RS 77.25 on 03-Mar-2025. Over the last week, the stock's high and low were RS 85.90 and RS 77.25, respectively. The company’s current market capitalization stands at RS 12,132.88 crore.

Promoters hold 35.89% of the company, while institutional and non-institutional investors own 16.02% and 48.08%, respectively.

HFCL’s subsidiary, HTL, has secured a RS 44.36 crore contract from the Indian Army for supplying Tactical Optical Fiber Cable Assemblies. These indigenously developed cables are designed to endure heavy armored vehicle loads and feature military-grade connectors for extreme conditions.

The solution is tailored for mission-critical applications requiring rapid deployment in battlefield environments. Lightweight and portable, it can be carried in a backpack by infantry soldiers. The contract is set for completion by July 2025.

HFCL is a key telecom infrastructure developer, system integrator, and manufacturer of advanced telecom equipment and optical fiber cables, with manufacturing units in Solan and Goa, along with subsidiary HTL's facilities in Chennai and Hosur.