HFCL shares gain 5% to hit upper circuit as firm bags order worth ₹2,666 crore from RVNL; details here

HFCL shares jumped 5% to hit an upper circuit of ₹199.63 apiece on Thursday, June 18, a day after the company said it has secured a contract from Rail Vikas Nigam Limited (RVNL).

Worth ₹2,666.09 crore, the contract pertains to the BharatNet Phase-III project in the Uttar Pradesh (West) Telecom Circle. The total contract value is approximately ₹2,666.09 crore, comprising capex of about ₹1,192.82 crore and opex of around ₹1,473.27 crore.

HFCL in a regulatory filing said the contract scope includes the supply of telecom equipment and related accessories along with installation and commissioning, the creation of an optical fiber cable telecom network, and maintenance of the project for a period of 10 years, including a one-year warranty period.

The contract is in addition to the previous order from RVNL worth ₹2,167.65 crore for BharatNet Phase-III projects in the Uttar Pradesh (East) and Uttar Pradesh (West) Telecom Circles, which was informed to the stock exchanges on January 23, 2025.

“The company continues to strengthen its position in the telecom network domain and remains committed to delivering high-quality execution of large-scale digital connectivity projects,” HFCL said in a statement.

The company further said that the order is to be executed over a period of two years for implementation, followed by 10 years of operations and maintenance, including a one-year warranty period.

HFCL share price

On 10:15 AM, HFCL shares were trading at ₹195.41 apiece on the National Stock Exchange, surging 2.78%.

Over the past five trading sessions, shares of the company have gained 18%, while they have rallied 35% in a month. In the last six months, the stock has jumped more than 193%. From the beginning of the year, HFCL shares have soared 174%.

HFCL has a total market capitalisation of ₹28,943.69 crore, according to NSE data.

Shares of the firm had hit a 52-week high of ₹208.98 on June 4, 2026, and a 52-week low of ₹59.82 on January 27, 2026.

About HFCL

HFCL (Himachal Futuristic Communication Limited) is an India-based technology company focused on building next-generation communication and networking solutions. It specialises in the manufacturing of telecom products and optical fiber cable. HFCL also offers basic telephony and ISP services.

HFCL operates across telecom equipment, optical fiber cable, defence electronics, and turnkey EPC services. The company is known for its strong R&D capabilities and played a role in India's 5G rollout and broadband expansion.

HFCL has five manufacturing facilities in India, two each in Telangana and Tamil Nadu, and one in Goa. It caters to customers in more than 30 countries.