Core Announcement – Order Details
Awarding Entity: A global multinational corporation (name not disclosed)
Domestic/International Order: International
Nature of Order/Contract: Three-year supply agreement for high-quality, high-fibre-count Optical Fiber Cables (OFC) as per customer specifications. The agreement is executed through HFCL's overseas wholly owned subsidiary.
Order Value: USD 244 million equivalent to ₹2329 Crore (approximately INR Two Thousand Three Hundred Twenty Nine Crore)
Materiality Context: The disclosure indicates this is a strategic long-term engagement that reflects the company's technological capabilities, operational excellence, and strong customer trust. The document notes that only a limited number of manufacturers globally possess the requisite technology depth, manufacturing precision, and scale required for such complex OFC products.
Execution Timeline: The supply agreement covers Calendar Years starting from CY27 to CY29, with execution period up to December 2029. The supply involves multi-million fibre kilometres of OFC to be supplied in each Calendar Year.
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No promoter/promoter group/group companies have any interest in the entity that awarded the order/contract.
Financial Implication: Not Specified