HFCL shares jump over 3% after firm secures ₹496 crore optical fibre cable order from foreign client

Technology equipment manufacturer HFCL shares surged more than 3% after the opening bell on Friday, July 10, as investors focused on the company securing a nearly ₹496 crore optical fibre cable solutions supply order from an undisclosed international client.

Shares of HFCL surged 3.3% to their early market high of ₹221.79 on Friday’s market, compared to ₹214.68 apiece at the previous stock market close, according to NSE data. The company announced the order update before the opening bell on July 10.

As per the NSE filing, an overseas subsidiary of HFCL secured the export order worth $51.98 million or ₹495.80 crore, for which the company will supply optical fibre cable-based data centre connectivity solutions.

The company also disclosed that the supply order will be as per the needs and specifications of the foreign customer.

“We are pleased to inform all stakeholders that the company has secured export order worth $51.98 million (equivalent to ₹495.80 crore), for the supply of optical fiber cable based data centre connectivity solutions, through its overseas wholly owned material subsidiary, from a renowned international customer,” the company informed the stock exchanges.

As per the details of the contract, HFCL is expected to execute the supply order by December 2026.

In June, HFCL secured a ₹2,666 crore order from Rail Vikas Nigam Ltd to supply telecom equipment and related accessories with installation, commissioning, and maintenance for a 10-year period.

What does HFCL do?

HFCL is a technology equipment manufacturer which specialises in making digital network products for telcom companies, enterprises and governments, as per the official website.

With HFCL’s R&D Centres located at Gurgaon & Bengaluru and collaborators at different locations in India and abroad, the company offers products like optical fibre and optical fibre cables, state-of-the-art telecom products including 5G Radio Access Network (RAN) products, 5G Transport Products, and WiFi Systems (WiFi 6, WiFi 7), among other things.

The company caters to clients in India, Europe, Asia Pacific, the Middle East, Africa and the United States.

HFCL share performance

HFCL shares have delivered more than 146% returns to their investors in the last five years, over 235% gains in the last three years, and more than 166% returns in the past one-year period, according to NSE data.

So far in the calendar year 2026, the HFCL share price has gained 217% and has risen 29% in the last one-month period. The company’s stock was trading 2% higher in the last five trading sessions on the stock exchanges.

The company’s market capitalisation (m-cap) was at ₹33,289 crore as of the trading session on Friday, July 10, 2026.