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HFCL signs Distribution Deal with Ingram Micro

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The product range of HFCL featuring the new-generation Wi-Fi 5 and Wi-Fi 6 access points, point-to-point and point-to-multipoint unlicensed band radios, L2 and L3 switches, and specialised antennas have been designed, developed, and manufactured in India. February 16, 2022 HFCL has signed a distribution agreement with Ingram Micro India for......
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HFCL Raises INR 600 crore through QIP Issue

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The telecom company is planning to use the QIP proceeds for setting up new manufacturing facilities, capacity expansions, R&D, and product development. December 15, 2021 Indian telecom gear and equipment manufacturer HFCL Limited (HFCL) has raised INR 600 crore through a QIP (qualified institutional placement) issue. The QIP received responses......
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HFCL Appoints New Key Executives for OFC business in US and Netherlands

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As per the stock exchnage filing submitted by HFCL, “With an aim to garner scale globally and substantially increase its international business, HFCL has onboarded Dr. Peter A Weimann as the CTO and Mr. Jochen Arms as the Vice President – Sales (DACH Europe) for the Optical Fibre & Cable......
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HFCL Wins New Purchase Orders of INR 412.90 Crores

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The order is for the supply of various types of optical fibre cables (OFC) as per customer specifications. November 29, 2021 HFCL Limited, along with its subsidiary HTL Limited, has received Purchase Orders aggregating to INR 412.90 crores. The order is from one of the leading private telecom operators in......
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HFCL Secures INR 288 Crore Orders from RailTel to Set up Data Communication Network

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The project will be completed within a period of 12 months. October 5, 2021 HFCL Ltd. has bagged an order worth INR 287.96 crore from RailTel Corporation of India, a Mini Ratna (category-I) central public sector undertaking (CPSU) of the Ministry of Railways. The order includes setting up of secured......
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HFCL to Raise Funds Worth INR 750 Crore Through Various Issues

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The HFCL board has constituted a fund raising committee, chaired by Managing Director Mahendra Nahata as its chairman. September 3, 2021 Domestic telecom gear maker HFCL Ltd. has received its board’s consent to raise up to INR 750 crore through equity, bonds, debentures or any other securities. HFCL is one......
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HFCL’s Subsidiary HTL Ltd. Commences Production of Wire Harness for Aerospace and Defence industry

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HTL Ltd. has commenced the production of wire harness for global and Indian OEMs in the aerospace and defence industry. May 3, 2021 HFCL Ltd. is pleased to announce that its subsidiary — HTL Ltd., an end-to-end cabling solutions provider has recently established a state-of-the-art Aerospace & Defence wire harness......
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HFCL to Acquire 50 Percent Stake of Nimpaa Telecommunications

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HFCL will pay cash consideration of INR 1 crore for acquiring 50 percent of the diluted paid-up equity share capital of Nimpaa Telecommunications (Nimpaa). The acquisition will be completed by April 2021. March 16, 2021 HFCL Ltd. plans to acquire up to 50 percent stake in Nimpaa Telecommunications — keeping......
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HFCL to Invest INR 125 Crore Into R&D to Bag Civilian and Defence Market Share

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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......
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