HFCL has a good order book of about INR 7,500 crore, which is double the revenue of last year.
January 18, 2021
Telecom infrastructure provider HFCL is planning to invest INR 125 crore in its R&D in 2020-21 in a bid to capture a large chunk of the INR 40,000 crore communications infrastructure market for civilian market as well as defence forces in the next five years.
As reported in a leading daily, Mr. Mahendra Nahata, Managing Director, HFCL stated that the government is launching PM-Wani (public Wi-Fi), wherein the country will connect with optic fibre cable network through Bharat Broadband, pushing for ‘make in India’, especially for critical sectors like communication. Moreover, pandemic-induced massive uptake for fiber-to-the-home (FTTH) has surged demand for high speed broadband, bringing in massive opportunities for companies like HFCL.
HFCL also manufactures telecom equipment and has cable business with backward integration into fibre in its portfolio.
The company has an order book of Rs 7,500 crore and sees good opportunities for its indigenously designed and developed products that have application across industries like telecom, railways and defence.
Mr. Nahata also stated that HFCL was in the process of designing software defined radio, a critical area for Indian Army, which will be changing all its communications equipment in the next 10 years.