HFCL has been awarded a Rs 623 crore contract by the domestic telecom service provider for the supply of manufactured 5G networking equipment. The order is expected to be executed by December 2024.

With its strategy of moving from projects to margin accretive products, launching new products, reaching out to new customers and new geographies is positioned to bolster revenue and also enhance profitability. This is the first such large order for 5G networking equipment placed on any company by any telecom service provider.

HFCL manufactures optical fibre and optical fibre cables, telecom products, including 5G radio access network (RAN) products, 5G transport products, Wi-Fi systems, switches, routers and defence electronics products. It has been investing in building its end-to-end portfolio of 5G networking equipment which transforms telcos' access, transport and last-mile networking requirements.