HFCL Limited has secured multiple export orders for the supply of Optical Fiber Cables (OFC) to renowned international customers, with the cumulative value of these contracts reaching USD 30.39 million. The first set of orders, disclosed on May 11, 2026, comprised two contracts totalling ~USD 19.32 million (INR 183.95 crore). Subsequently, the company announced an additional export order worth USD 11.07 million (INR 106.19 crore), secured through its overseas wholly owned subsidiary. The company stated that all these orders have been received in the normal course of business and reaffirm customer confidence in its manufacturing capabilities, technological excellence, and product quality.

Order Details at a Glance

The export orders span three separate international contracts, each involving the supply of Optical Fiber Cables as per customer specifications. The following table summarises the key details of all three contracts as disclosed by the company:

Combined Order Value

The aggregate value of the two contracts disclosed on May 11, 2026 stands at USD 19.32 million (INR 183.95 crore). With the addition of the latest contract worth USD 11.07 million (INR 106.19 crore) announced on May 16, 2026, the total cumulative export order value across all three contracts amounts to ~USD 30.39 million. All three contracts are to be executed by August 2026 and involve the supply of Optical Fiber Cables conforming to respective customer specifications under general contract conditions.

Compliance and Disclosure

All disclosures were made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company confirmed that none of the contracts constitutes a related party transaction, nor do the promoters, promoter group, or group companies hold any interest in the entities awarding the orders. The filings were signed by Manoj Baid, President & Company Secretary of HFCL Limited.

HFCL Limited has approved the establishment of a Defence Manufacturing Facility in Sri Satya Sai District, Andhra Pradesh. The Board of Directors granted approval at its meeting held on May 14, 2026, in continuation of the company's earlier announcement dated September 11, 2025. The facility will focus on the manufacture of Multi-Mode Hand Grenades (MMHG) and similar other products, with a total initial capital outlay of approximately ₹230 crore.

This strategic initiative aligns with HFCL's long-term expansion into high-value defence manufacturing and supports India's national objective of achieving self-reliance, or 'Aatmanirbharata', in defence production. The move is designed to strengthen HFCL's product portfolio and long-term growth prospects in the defence sector. The new facility will also position the company to leverage emerging opportunities arising from increased defence indigenisation, global supply chain realignment, and long-term defence procurement programmes.

The domestic and global defence sectors are currently experiencing significant growth driven by heightened geopolitical uncertainties, enhanced focus on national security, and increasing government investments in advanced defence technologies. India, in particular, is witnessing a strong policy push under import substitution, indigenisation, and long-term defence procurement programmes, resulting in substantial opportunities for domestic manufacturers with strong engineering and manufacturing capabilities.

Project Details

The project involves a capacity addition of approximately 40 lakh units for Multi-Mode Hand Grenades and similar products. The following table summarises the key parameters of the proposed Defence Facility:

Strategic Rationale and Financing

The proposed investment is expected to significantly enhance HFCL's capabilities in defence manufacturing and create a strong platform for future growth in the sector. Financing for the project will be sourced through a mix of internal accruals, debt financing, and proceeds from the preferential issue of convertible warrants. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.