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HFCL Ltd
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BSE Code: 500183 NSE Symbol: HFCL P/E : 89.76
ISIN Demat: INE548A01028 Div & Yield %: 0.14 EPS : 1.65
Book Value: 30.89 Market Cap (Rs. Cr.): 22,668.22 Face Value : 1
Board of HFCL approves setting up defence manufacturing unit Back
(14 May 2026)
The board of HFCL at its meeting held on 14 May 2026 has approved the establishment of a 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 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.