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HFCL Wins Order Worth 623 Cr. to Supply 5G Telecom Networking Equipment

Himachal Futuristic Communications Ltd. (HFCL) has secured an order worth Rs. 623 crore for the supply of indigenously manufactured 5G networking equipment. The company’s stock filing dated 19th January 2024 states that this order has been awarded by a domestic telecom service provider.

The contract includes supply of various 5G network components and is expected to be executed by December 2024. Mr. Mahendra Nahata, Managing Director of HFCL, said “Our recent order wins are clearly a testament that our strategy of moving from projects to margin accretive products, launching new products, reaching out to new customers and new geographies is paying off well and will bolster our position even further in 2024“.