HFCL shares jump 9% to 52-week high after firm secures ₹135 crore order from RailTel Corporation

HFCL shares surged as much as 9% to hit 52-week high of ₹176.44 apiece on Wednesday, May 27, after the company secured a purchase order from RailTel Corporation of India.

The company has received an order worth ₹135.09 crore from RailTel Corporation of India for the Annual Maintenance Contract (AMC) of the project “Implementation of Secure Operations (OPS) Network” for data centres of the Indian defence forces.

HFCL had earlier undertaken the implementation of the secure OPS network for Indian defence forces under a project awarded by RailTel. “The company has successfully completed the design, supply, installation, and commissioning of one central data centre and 120 mini data centres at Indian defence establishments across the country,” HFCL said in a regulatory filing.

The firm further said that the scope of the project included establishment of a secure defence communication network comprising hardware, software, and data centre infrastructure, along with AI-enabled network security, and was executed in accordance with the stipulated contractual requirements and prescribed technical and security specifications.

HFCL said that following the completion of the warranty period, the PSU firm has issued the purchase order for undertaking the AMC of the project. The company added that under this contract, it will provide end-to-end maintenance support services to ensure high availability, reliability and security of the network infrastructure supporting critical defence communication operations.

The scope of work includes preventive and corrective maintenance, network monitoring, incident management, performance optimization, and 24x7 technical support services.

“This order reflects the continued trust of government customers in the Company’s strong capabilities in network implementation and maintenance of mission-critical secure communication infrastructure,” HFCL added.

HFCL share price

At 1:50 PM, HFCL shares were trading at ₹175.41 apiece on the National Stock Exchange, surging 8.41%.

Over the past five trading sessions, shares of the company have gained 25.5%, while they have rallied 64% in a month. In the last six months, the stock has jumped more than 145% and over 154% from the beginning of the year.

HFCL has a total market capitalisation of ₹26,790.13 crore, according to NSE data.

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 fibre cable. HFCL also offers basic telephony and ISP services.

HFCL operates across telecom equipment, optical fibre 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.