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Shares of HFCL gained intraday after it secured export orders worth ₹656 crore for the supply of optical fibre cables.
HFCL makes telecom equipment, optical fibre and cables, and also provides digital network solutions for telcos and governments.
What’s the deal: the company will supply the cables through its overseas subsidiary. The order is from an international customer and is expected to be executed by November 2026.
The why: this comes as global demand for fibre keeps rising. More people are getting online, broadband is expanding, and 5G rollouts need high-capacity fibre to carry heavy data traffic with low latency.
A report by Persistent Market Research also estimates that the global fibre optics market could grow from $7.7B in 2025 to $15.8B by 2032, at a 10.7% annual growth rate.
