Nature of the Event
HFCL Limited has secured a significant export order for the supply of optical fiber cables through its overseas wholly owned subsidiary.
Key Quantitative Figures
The order is valued at approximately USD 46.13 million, equivalent to approximately INR 441.53 crore.
Parties Involved
The order was awarded by an international customer (name not disclosed) to HFCL's overseas wholly owned subsidiary. The company confirmed that neither promoters/promoter groups nor group companies have any interest in the entity that awarded the order.
Order Specifications
The contract involves supply of optical fiber cables as per customer specifications under general contract conditions.
Execution Timeline
The order is to be executed by January 2027.
Transaction Nature
The order was received in the normal course of business and does not qualify as a related party transaction. The company confirmed the transaction is at arm's length.
Geographic Scope
This is an international order for international supply.
Significance
The order reaffirms global customers' trust in the company's manufacturing capabilities, technological excellence and product quality.
#Tags: #HFCL #ExportOrder #SEBIDisclosure #RegulatoryCompliance #Positive