HFCL board approves 820 crore additional capex for OF, OFC and Preform expansion
HFCL · price
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Awaiting price reaction for this filing.
HFCL board approved additional capex of around 820 crore to expand Optical Fiber capacity by 4.60 Mn fkm, Optical Fiber Cable by 5.64 Mn fkm, and set up a 300 MT Preform facility. Total planned capex now stands at 1,800 crore. Post-expansion capacities will reach 43.10 Mn fkm OF, 62 Mn fkm OFC, and 600 MT Preform. Funding via internal accruals, promoter warrants, and debt. Driven by 19,000 crore order book and demand from AI, data centres, and telecom. Completion targeted by July to October 2028.
Strong growth signal backed by 19,000 crore order book. Debt-funded portion may pressure near-term returns, but supports future revenue and margins.