HFCL shares hit upper circuit after 2,666.09cr BharatNet win

Business Jun 19, 2026

HFCL Limited's shares shot up 5% on Friday, hitting the upper circuit for a second day.
The boost comes after the company landed a huge approximately ₹2,666.09 crore deal from Rail Vikas Nigam for BharatNet Phase III in Uttar Pradesh (West), where they will supply telecom gear and set up an optical fiber network.

HFCL targets 20-25% growth by FY27

HFCL's stock has soared 226% in just six months and 204% this year, pretty wild numbers.
Their order book now totals ₹21,200 crore, and management is aiming for 20-25% revenue growth by FY27.
With exports making up 41% of sales (and set to cross 50%), HFCL is also branching out into defense tech, aerospace, AI connectivity, and data centers, pushing hard to become a global tech player.