The total value of the contract is USD 40.65 million (approximately Rs 358.38 crore) and it is scheduled to be executed in April 2026.

HFCL is a diversified telecom infrastructure enabler with businesses spanning telecom infrastructure development, system integration, and the manufacture and supply of high-end telecom equipment, optical fiber, and optical fiber cables (OFC).

The company reported a consolidated net loss of Rs 32.24 crore in Q1 FY26, compared with a net profit of Rs 111.30 crore in Q1 FY25. Revenue from operations declined 24.8% year-on-year to Rs 871.02 crore in Q1 FY26.

The counter shed 0.29% to settle at Rs 69.84 on the BSE.