The Board of Directors at its meeting held on 15th May 2019 had approved the change in name of the Company from Himachal Futuristic Communications Limited to HFCL Limited. The Company during the year 2019 received orders worth Rs 620 crore for supply of OFC from its customers namely Larsen & Toubro Limited (Rs 148 crore) ITI led consortium (Rs 355 crore) and Tata Project Ltd. (Rs 117 crore).
During the year 2019 production capacity in Chennai Plant in subsidiary was increased from 3.5m fkm to 7m fkm thus making overall capacity of 15m fkm. During the current fiscal year the Chennai Plant’s capacity has reached to 10.5m fkm which has taken its consolidated OFC capacity to 18.5m fkm. With an intension to offer more value to own telecom turnkey vertical and other customers by offering all passive products Chennai Plant started its OFC Accessories Division and received various product approvals from Government and non- Government Customers. The subsidiary company has received orders to the tune of Rs 90.82 crore for such new products.In FY 2018-19 the Company started a Greenfield project for manufacturing of Optical Fiber with 6.4m fkm capacity in Hyderabad. Besides it developed marketed and sold its products to more than 50 countries worldwide.During the year 2019 against the Advance Purchase Order worth Rs1245 crore approx (including AMC of Rs298 crore) the Company has received a Purchase Order worth Rs935 crore approx from BSNL for DWDM equipment to be installed on pan India basis for the Defence Forces under Network for Spectrum Program (NFS). During the current financial year 2018-19 the Company received Purchase Orders worth Rs305 crore and Rs278 crore aggregating to Rs583 crore from Bharat Broadband Network Limited for creating Optical Fibre Cable GPON Network and Radio Network in the State of Punjab under Bharat Net Phase-II project of the Government of India.