HFCL is anticipating a substantial rise in revenue from its optic fibre segment, especially from international markets in the coming years. It is also banking on the domestic projects, including INR 4,650 crore orders received under the BharatNet Phase III project and other telecom orders.
Feb 20, 2025
Himachal Futuristic Communications Limited (HFCL) is looking forward to becoming an INR 10,000 crore company, owing to its increasing overseas sales and defence supplies, coupled with continuous demand for optical fibre and digital network solutions in the future.
The leading telecom equipment manufacturer and provider of turnkey solutions to the Indian Railways, the defence sector, smart cities, telecom service providers and surveillance projects said that it was anticipating robust demand for optical fibre and digital network solutions in the future, driven by several key catalysts, such as 5G acceleration, rural broadband initiatives (BharatNet Phase III), increasing adoption of Artificial Intelligence-enabled services, hyper-scaling of data centers and the growing need for high-speed, reliable internet connectivity across smart cities, industry 4.0, and remote education networks.
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The information was shared by Mr. Mahendra Nahata, Managing Director of HFCL, during the company’s recent investor call.
He said, “HFCL has prepared itself for this resurgence in demand. Over the past few quarters, we have focused on enhancing our production capacities, improving operational efficiencies and developing innovative products & solutions to cater to the evolving needs of the market. By optimizing our processes, we are better positioned to deliver high-quality products on a scale and ensure timely deliveries to our customers. We are increasing our presence by appointing our own employees, distributors, and dealers in key global markets. Our goal is to achieve a substantial rise in export revenue from our optic fibre segment, with a significant portion of revenue coming from international markets in the coming years. Additionally, we aim for a considerable share of our telecom segment revenue to be export-driven.
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”HFCL has secured advance purchase orders worth INR 2,167.65 crore from Rail Vikas Nigam Limited for supply of optical fiber cables, telecom equipment and related accessories along with maintenance of the telecom equipment, for BharatNet Phase III in Uttar Pradesh (East) Telecom Circle and Uttar Pradesh (West) Telecom Circle. These wins indicate HFCL’s growing dominance in the market and its capabilities to meet the ambitious goals of BharatNet program. In addition to securing orders worth over INR 4,650 crore under BharatNet Phase III, there is significant potential to independently supply fibre, optical fibre cable and telecom equipment to other vendors in the remaining telecom circles, wherein either contracts have been awarded or are in the process of being awarded,” he added.
