HFCL Limited has secured a purchase order of INR 6,230 million 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.

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 clearly positioned to not only bolster revenue but also enhance profitability leading to increased returns for the shareholders.