About HFCL

HFCL Limited manufactures and sells telecom products in India and internationally. The company offers integrated communication network solutions. It has implemented various telecom networks in the field of wireless transmission and access, optical transport and access, satellite network, CDMA/GSM networks/LTE networks, Wi-Fi networks, surveillance networks etc. The company has implemented approximately 25,000+ 2G/3G/4G cell sites infrastructure and rolled out approximately 100,000 kilo meters of optical fiber cable networks for telecommunication, railways, oil and gas companies and high security networks for defence forces and internal security establishments. The company engages in the development of defence manufacturing ecosystem. The company is making steady investments in raising the brand ‘HFCL’ in communication and signaling subdomains of rail based transportation across mainline, freight, metro and rapid urban transport segments. The company received purchase orders from RajComp Info Services Ltd. for supply, installation and commissioning of edge networking equipment. It received turkey Orders for BharatNet. The company has also completed the execution of two BSNL projects of Hybrid and IP Microwave During March 31, 2019, under review, the company received purchase orders from RajComp Info Services Ltd. for supply, installation and commissioning of edge networking equipment. The company also received an order from BSNL for DWDM Equipment to be installed on pan-india basis under Network for Spectrum programme of the government of India for defence forces. The company’s concentration remains on CCTV Surveillance, Traffic Enforcement, Adaptive Traffic Management System, City Command and Control Centers including Data Centers, ICT Infrastructure and spans across hardware, software, data and analytics. The company is targeting 39 cities that has been selected in Round III and Round IV by Smart Cities Mission with allocation of `12,600 crore towards pan-city solution. The company’s focus is to target and address this huge Wi-Fi demand using its own products and solutions and offer most affordable Wi-Fi services to entire population of India. The company’s Goa Plant added high fiber count compact designs for ribbon optical fiber cables (high preference in FTTx networks and data centers), fire resistant optical fiber cables (globally accepted for metro networks), lower diameter micro cables, zero strain aerial optical fiber cables and distributed temperature sensing cable. In 2018, the company received two purchase orders from Bharat Sanchar Nigam Limited for design, development and management of GIS based optical fiber cable network management systems for defence forces. In 2018, the company received two purchase orders for survey,planning, supply, installation, end to end Integration, testing and commissioning of optical fiber cable GPON and Radio network from Bharat Broadband Network Limited under BharatNet Phase-II Programme towards providing broadband connectivity to 3224 Gram Panchayats in 36 Blocks of Punjab. In 2018, the company received purchase order from Bharat Sanchar Nigam Limited for planning, designing, procurement, installation, integration, commissioning, testing, training, documentation and maintenance of Hybrid Microwave broadband radio links on turnkey basis for pan India Defence Network. In January 2019, the company received two purchase orders from Larsen & Toubro Limited and a consortium led by ITI Ltd. for supply of optical fiber cable towards creating optical fiber cable network infrastructure under BharatNet Phase-II Programme in Andhra Pradesh and Maharashtra respectively. In March 2019, the company received purchase order from Jharkhand Communication Network Limited under BharatNet Phase-II Programme for survey, planning, supply, installation, integration, testing and commissioning of optical fiber cable network (underground and aerial), GPON network and radio network across 1684 Gram Panchayats of Jharkhand. In March 2019, the company received an order from Tata Projects Ltd. for supply of optical fiber cable for their optical fiber cable Network project being implemented in Chhattisgarh under BharatNet Phase-II Programme of Government of India. The company has strategic partnership with Reliance Jio for creation of 4G network infrastructure. Strategy The company’s strategy is to execute excellence, profitable growth and technological advancements. Segments Telecom Products The Telecom Product segments of the company principally generate revenue from sale of optical fiber cable and telecom equipments. Revenues from products are recognized at a point in time when control of the goods passes to the customer, usually upon delivery of the goods. Turnkey Contracts for System Integration and allied Services This segment of the company generates revenue from creating and delivering telecom infrastructure and communication network systems for telecom operators, defence services, railways, safe and smart cities etc. Most of the turnkey contracts include a standard warranty clause to guarantee that telecom infrastructure and communication network systems comply with agreed specifications. History The company was founded in 1987. It was incorporated in 1987. The company was formerly known as Himachal Futuristic Communications Limited and changed its name to HFCL Limited in October 2019.