Shares of HFCL Ltd rallied 4% on 12 September after the company announced securing approval to acquire 1,000 acres of land parcel in Andhra Pradesh. 

The company said that they have secured approval from the State Investment Promotion Board to acquire 1,000 acres of land in Andhra Pradesh for the purpose of establishing defence industrial facilities.

In its regulatory filing, the company said, “We are pleased to inform you that the Industries and Commerce (Infra) Department of the Government of Andhra Pradesh, vide G.O. no. Ms. No 154 dated 6 September 2025, received by us today, has informed that the proposal of the company for allotment of 1,000 acres of land in Madakasira Mandal, Sri Sathya Sai District, has been approved by the State Investment Promotion Board, for the purpose of setting up a defence manufacturing facilities.”

In Phase I, the Andhra Pradesh Industrial Infrastructure Corporation Limited (APIICL), the government’s industrial infrastructure agency, would allocate 329 acres of land. APIICL will grant an additional 671 acres of land during Phase II.

The proposed facilities will produce artillery ammunition shells, TNT filling, and MultiMode Hand Grenades (MMHG), among other defence supplies. This land allotment coincides with the company’s strategic growth objectives and will allow it to expand its footprint in the defence sector.

Apart from that, on 7 September 2025, the business received export orders worth Rs 358.38 crore from an international customer for the provision of optical fibre cables via its wholly owned foreign subsidiary.

The deal is valued at USD 40.65 million (roughly Rs 358.38 crore) and is set to be executed in April 2026.

HFCL Limited is an Indian technology company that manufactures and delivers high-end telecom equipment, optical fibre, and optical fibre cables, as well as digital network solutions for telcos, businesses, and governments. The company prioritises innovation, which is supported by its R&D centres and cutting-edge manufacturing facilities.

At 3:01 pm, the shares of HFCL were trading 3.81% higher at Rs 72.96 on NSE.

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