The company also clarified that the contract does not involve any related party transactions. It further confirmed that neither the promoter, the promoter group, nor any group companies have any interest in the awarding entity.
HFCL is a leading technology company specializing in digital networks for telcos, enterprises, and governments. With its strong R&D expertise and global system integration services, HFCL offers innovative solutions like 5G RAN, 5G Transport, Wi-Fi, and defense electronics. The company has manufacturing plants in India and a global customer base, committed to quality and environmental sustainability.
The company's consolidated net profit declined 10.4% to Rs 73.65 crore on a 2% fall in revenue to Rs 1,011.95 crore in Q3 December 2024 over Q3 December 2023.
The counter shed 0.06% to Rs 81.88 on the BSE.