HFCL Limited (HFCL), India's leading technology enterprise and integrated next-gen communications product and solution provider, has secured a purchase order of INR 623 crores for the supply of indigenously manufactured 5G networking equipment. This is first such large order for 5G networking equipment placed on any Indian company by any telecom service provider. This strategic win is a testament to HFCL’s vision of designing and manufacturing high technology telecom equipment in India.

HFCL has been investing in building its end-to-end portfolio of 5G networking equipment which transforms telcos’ access, transport and last-mile networking requirements.

As per industry estimates, the global 5G last-mile equipment market is projected to reach USD 68 billion by 2030. This transformation is set to play a significant role in the global surge in 5G technology demand, projected to witness a remarkable CAGR of 48.3%, as per a recent report from the Future Market Insights.

The newly secured purchase order underscores HFCL's commitment to providing cutting-edge solutions tailored to the unique needs of the telecom landscape. Moreover, with enormous export market potential, these indigenously developed products are in line with the country's “Make in India for a Global Stage” vision. HFCL with its strategy is rightly positioned to not only bolster revenue but also enhance profitability leading to increased returns for the shareholders.

Mr. Mahendra Nahata, Managing Director of HFCL, stated, “With India being at the forefront of 5G rollout and technological evolution, HFCL remains steadfast on the path of innovation and progress. Our recent order wins are clearly a testament that our strategy of moving from projects to margin accretive products, launching new products, reaching out to new customers and new geographies is paying off well and will bolster our position even further in 2024.”

India has seen the fastest 5G rollout in the world and the market for 5G equipment remains strong in India. With its focus on innovation and strong customer relationships, HFCL is amongst the top few players well poised to cease these emerging market opportunities in India and abroad. HFCL's products not only meet the current demands but also contribute to India's broader vision for technological leadership. With a strong emphasis on quality, innovation and a commitment to a 'Make in India' approach, HFCL is well-placed to strengthen its prowess in the global 5G landscape.

HFCL is a leading technology company specialising in creating digital networks for telcos, enterprises and governments. Over the years, HFCL has emerged as a trusted partner offering sustainable high-tech solutions with a commitment to providing the latest technology products

to its customers. HFCL’s strong R&D expertise coupled with its global system integration services and decades of experience in fibre optics enable it to deliver innovative digital network solutions required for the most advanced networks.

The Company’s in-house R&D Centres located at Gurugram & Bengaluru along with invested R&D Houses and other R&D collaborators at different locations in India and abroad, innovate a futuristic range of technology products and solutions. HFCL has developed capabilities to provide premium quality Optical Fibre and Optical Fibre Cables, state-of-the-art telecom products including 5G Radio Access Network (RAN) products, 5G Transport Products, WiFi Systems (WiFi 6, WiFi 7), Unlicensed Band Radios, Switches, Routers and defence electronics products.

The Company has state-of-the-art Optical Fibre and Optical Fibre Cable manufacturing plants at Hyderabad, Optical Fibre Cable manufacturing plant in Goa and in its subsidiary HTL Limited at Chennai.

HFCL is a partner of choice for its customers across India, Europe, Asia Pacific, Middle East, Africa and USA. HFCL’s commitment to quality and environmental sustainability inspires it to innovate solutions for the ever-evolving customer.

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