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HFCL gets nod to establish Defence facility in Andhra Pradesh

14 May 2026 Evaluate

HFCL has received approval to establish Defence manufacturing facility for manufacture of Multi-Mode Hand Grenade (MMHG) and similar other products in Sri Satya Sai District of the State of Andhra Pradesh (Defence Facility) at a total initial capital outlay of around Rs 230 crore. 

This initiative forms part of HFCL’s long-term strategic expansion into high-value defence manufacturing, aligned with India’s national objective of achieving self-reliance (Aatmanirbharta) in defence production.  The establishment of the Defence Facility will enable HFCL to design, develop and manufacture advanced defence systems, significantly strengthening its defence product portfolio and long-term growth prospects in this strategic sector.

The Board of Directors of the Company, at its meeting held on May 14, 2026, has approved the same.

HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa, and its subsidiary i.e. HTL facilities in Chennai and Hosur.


Peers
Company Name CMP
HFCL 215.90
Bondada Engineering 276.10
Pace Digitek 162.25
GTL Infrastructure 1.09
STL Networks 49.39
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