Defence stock jumps after securing order worth ₹44.36 Cr from the Indian armyDefence stock jumps after securing order worth ₹44.36 Cr from the Indian army

Introduction:

Leading defense technology provider has secured a ₹44.36 crore contract from the Indian Army for supplying Tactical Optical Fiber Cable Assemblies, designed for rapid deployment in battlefield conditions, ensuring reliable communication in harsh environments. The order is set for completion by July 2025.

Share price movement of HFCL:

On March 10, 2025, HFCL Ltd opened at ₹84.81, up 1.12% from its previous close of ₹83.86. The stock hit a high of ₹85.90 (2.40%) and a low of ₹82.62. By 11:27 AM, it traded at ₹82.92, with a market cap of ₹11,962.64 crore.

Also Read: Stock held by GQQ partners jumps after company to acquire 10% stake in Delhi International Airport

HFCL Subsidiary Secures ₹44.36 Cr Defence Order:

HFCL Limited announced that its material subsidiary, HTL Limited, has secured a ₹44.36 crore contract from the Indian Army. The order involves supplying Tactical Optical Fiber Cable Assemblies designed for mission-critical battlefield communication.

These indigenously manufactured optical fiber cables can withstand heavy armored vehicle loads and feature specialized military-grade connectors for extreme conditions. Lightweight and portable, the cables enable rapid deployment of optical communication links, making them ideal for infantry use in demanding environments.

The contract, awarded by the Indian Army, is set for completion by July 2025. HFCL confirmed that this is not a related party transaction and that no promoter group holds an interest in the awarding entity.

Recent news on HFCL:

As of February 20, 2025, HFCL Ltd secured an advance work order worth ₹2,501.30 crore from BSNL for executing the BharatNet Phase III Programme in Punjab Telecom Circle, strengthening rural broadband connectivity across the region.

Stock performance of HFCL for Period of 1 week, 6 months, and 1 year:

HFCL Ltd has delivered a 5.36% return over the past week. However, its six-month performance shows a decline of 43.0%, while its one-year return stands at -18.2%, reflecting volatility in the stock’s movement over the long term.

Also Read: Realty stock hits 5% upper circuit after receiving order worth ₹42 Cr from Vardhman Group

Shareholding pattern of HFCL:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	35.90%	36.20%	37.60%
FII	6.70%	6.70%	7.00%
DII	11.00%	10.40%	9.10%
Public	46.40%	46.70%	46.20%

About HFCL:

HFCL Ltd (NSE: HFCL) is a leading telecom infrastructure enabler engaged in telecom development, system integration, and manufacturing of high-end telecom equipment, optical fiber, and optic fiber cables, supporting advanced communication networks across various sectors.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.