HFCL shines on inaugurating advanced defence equipment manufacturing facility in Hosur

HFCL is currently trading at Rs. 114.55, up by 2.00 points or 1.78% from its previous closing of Rs. 112.55 on the BSE.

The scrip opened at Rs. 112.65 and has touched a high and low of Rs. 116.65 and Rs. 111.50 respectively. So far 729445 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 171.00 on 23-Sep-2024 and a 52 week low of Rs. 81.22 on 18-Jan-2024.

Last one week high and low of the scrip stood at Rs. 122.30 and Rs. 111.50 respectively. The current market cap of the company is Rs. 16410.40 crore.

The promoters holding in the company stood at 36.24%, while Institutions and Non-Institutions held 15.37% and 48.38% respectively.

HFCL has inaugurated its advanced defence equipment manufacturing facility in Hosur, Tamil Nadu on December 23, 2024. This strategic milestone underlines HFCL’s commitment to strengthening India's self-reliance in defense manufacturing, in line with the nation’s Atmanirbhar Bharat vision.

The new facility is dedicated to producing cutting-edge defense technologies, including HFCL’s indigenously developed Thermal Weapon Sights, Electronic Fuzes, High Capacity Radio Relay (HCRR) systems and Surveillance Radars tailored to meet the evolving needs of India’s armed forces. The facility is poised to manufacture up to 5,000 Thermal Weapon Sights, 250,000 Electronic Fuzes, 1,000 units each of High Capacity Radio Relays and Ground Surveillance Radars annually, addressing the critical requirements of India’s armed forces and contributing to the nation’s expanding defense export portfolio.

The new facility is strategically designed to meet the growing demand for high-precision defense technologies. It features a 10,000 Class and 1,00,000 Class clean rooms facility for TI Core and Thermal Weapon Sights production, ensuring the highest standards of quality and reliability. With a strong focus on quality, reliability, and innovation, HFCL aims to emerge as a leader in defense technology, providing solutions that meet the stringent demands of modern military operations worldwide.

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.