In continuation to our earlier announcement dated September 11, 2025 and pursuant to Regulation 30 read with Part A of Schedule III to the SEBI Listing Regulations, we wish to inform you ....
HFCL · price
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HFCL's Board has approved establishing a new Defence Manufacturing Facility in Sri Satya Sai District, Andhra Pradesh, for producing Multi-Mode Hand Grenade (MMHG) and similar products. The total initial capital outlay is approximately ₹230 crore, with planned capacity of about 40 lakh units. The project is expected to be completed by December 2027. The company plans to fund this through internal accruals, debt financing, and/or proceeds from preferential issue of convertible warrants. This move aligns with India's Aatmanirbharta (self-reliance) initiative in defence production.
This is a significant expansion into defence manufacturing that could boost HFCL's long-term growth prospects. The ₹230 crore investment signals strong commitment to the defence sector but will require capital raise or debt, potentially impacting near-term financials.