HFCL Shares Jump Over 3% on Plan to Buy 1,000 Acres in Andhra Pradesh

HFCL, an Indian technology firm that develops advanced telecom and networking solutions, focuses on innovation and expanding into new sectors like defence manufacturing. 

Its shares surged by 3% after receiving approval to acquire 1,000 acres of land in Andhra Pradesh. The State Investment Promotion Board has sanctioned this land allotment to support the company’s defence manufacturing expansion plans.

Land Allotment for Defence Facilities

The Industries and Commerce (Infra) Department of the Government of Andhra Pradesh, through G.O. no. Ms. No. 154 dated 6 September 2025, informed HFCL that its proposal to acquire 1,000 acres in Madakasira Mandal, Sri Sathya Sai District, has been approved. 

The allotment will occur in two phases: Phase I will see 329 acres allotted, followed by 671 acres in Phase II. The defence facilities are expected to manufacture Artillery Ammunition Shells, TNT filling, and Multi-Mode Hand Grenades (MMHG), among other products. This development aligns with HFCL’s strategic growth plans and will further its presence in the defence sector.

Export Orders and Company Overview

Additionally, on 7 September 2025, HFCL secured export orders worth ₹358.38 crore from an overseas client for supplying optical fibre cables via its wholly owned subsidiary. 

The contract, valued at $40.65 million, is slated for execution by April 2026. HFCL is a technology company based in India, specialising in high-end telecom equipment, optical fibre, and optical fibre cables. 

It also offers digital network solutions to telecom operators, enterprises, and governments, with a strong emphasis on innovation backed by R&D centres and advanced manufacturing facilities.

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HFCL Share Price Performance 

As of September 12, 2025, at 1:00 PM HFCL share price is trading at ₹72.81 per share, reflecting a surge of 3.60% from the previous day's closing price. Over the past month, the stock has surged by 1.89%. The stock's 52-week high stands at ₹171 per share, while its low is ₹68.56 per share.

Conclusion 

The approval to acquire land for defence manufacturing and the new export orders strengthen HFCL’s growth outlook. These developments support its expansion into the defence sector while reinforcing its position in global telecom solutions. With innovation and strategic partnerships, HFCL is well placed for future growth and enhanced market presence.

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