Shares of HFCL Ltd rallied 4% on 12 September after the corporate introduced securing approval to amass 1,000 acres of land parcel in Andhra Pradesh.
The corporate stated that they’ve secured approval from the State Funding Promotion Board to amass 1,000 acres of land in Andhra Pradesh for the aim of creating defence industrial amenities.
In its regulatory submitting, the corporate stated, “We’re happy to tell you that the Industries and Commerce (Infra) Division of the Authorities of Andhra Pradesh, vide G.O. no. Ms. No 154 dated 6 September 2025, acquired by us at present, has knowledgeable that the proposal of the corporate for allotment of 1,000 acres of land in Madakasira Mandal, Sri Sathya Sai District, has been authorized by the State Funding Promotion Board, for the aim of establishing a defence manufacturing amenities.”
In Part I, the Andhra Pradesh Industrial Infrastructure Company Restricted (APIICL), the federal government’s industrial infrastructure company, would allocate 329 acres of land. APIICL will grant an extra 671 acres of land throughout Part II.
The proposed amenities will produce artillery ammunition shells, TNT filling, and MultiMode Hand Grenades (MMHG), amongst different defence provides. This land allotment coincides with the corporate’s strategic development aims and can permit it to broaden its footprint within the defence sector.
Aside from that, on 7 September 2025, the enterprise acquired export orders price Rs 358.38 crore from a global buyer for the supply of optical fibre cables by way of its wholly owned overseas subsidiary.
The deal is valued at USD 40.65 million (roughly Rs 358.38 crore) and is ready to be executed in April 2026.
HFCL Restricted is an Indian know-how firm that manufactures and delivers high-end telecom gear, optical fibre, and optical fibre cables, in addition to digital community options for telcos, companies, and governments. The corporate prioritises innovation, which is supported by its R&D centres and cutting-edge manufacturing amenities.
At 3:01 pm, the shares of HFCL had been buying and selling 3.81% increased at Rs 72.96 on NSE.
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