Hindustan Cables Limited (HCL) was a government-owned company that made telecom cables in India. It was under the Ministry of Heavy Industries and Public Enterprises.
Foundation and growth
Hindustan Cables was founded at Rupnarayanpur in Asansol, West Bengal in 1952. Present headquarters is Kolkata. The objective was to make India self-reliant in manufacturing communications cables. The company has grown to make a broader line of products in locations in Hyderabad (Telangana), Naini, Allahabad (Uttar Pradesh) as well as the original plant in Rupnarayanpur. In 1984 HCL acquired Machine Tool Works in Narendrapur, Calcutta from Cycle Corporation of India. Products include jelly-filled and fibre-optic cables, telephone and computer cords.
Decline
HCL was profitable until 1994, but began incurring losses in 1995. The company was referred to the Board for Industrial and Financial Reconstruction, which was unable to revive it.[1] At one time the company had over 7,000 workers, but by August 2006 there were fewer than half that number and in 2003 Bharat Sanchar Nigam Limited (BSNL), the state-owned telecom provider, stopped placing orders.