HFCL Connects to Big 5G Order, Secures Rs 623 Crore Deal

HFCL has secured a significant Rs 623 crore contract from a leading domestic telecom service provider, marking a milestone as the first major order for 5G networking equipment in the industry. The company is set to deliver the manufactured 5G networking equipment, with the completion of the order expected by December 2024.

As part of its strategic shift from projects to margin-boosting products, HFCL is actively expanding its portfolio and market reach. By introducing new products and exploring untapped customer bases and geographies, the company aims to not only strengthen its revenue streams but also enhance overall profitability.

Specializing in the production of optical fiber, optical fiber cables, and a wide array of telecom products, including 5G radio access network (RAN) products, 5G transport products, Wi-Fi systems, switches, routers, and defense electronics products, HFCL is committed to building a comprehensive range of 5G networking equipment. This effort is designed to cater to the evolving needs of telecom service providers, transforming their access, transport, and last-mile networking requirements. The recent multi-crore contract underscores HFCL's position as a key player in the rapidly advancing 5G technology landscape. 

News by Rahul Yelligetti