Rs 6,151 Crore Order Book: Defence Telecom Company Inaugurates Defence Manufacturing Facility in Hosur to Boost Domestic Defence Manufacturing
The stock is up by 43.6 per cent from its 52-week low of Rs 81.22 per share and gave multibagger returns of 570 per cent in 5 years.
HFCL Limited inaugurated a new defence equipment manufacturing facility in Hosur, Tamil Nadu, on December 23, 2024. This facility will produce a range of cutting-edge defence technologies, including Thermal Weapon Sights, Electronic Fuzes, High Capacity Radio Relay systems, and Surveillance Radars, all designed to meet the evolving needs of the Indian armed forces. The inauguration ceremony was attended by Dr. G. Satheesh Reddy, former DRDO Chairman, who emphasized the importance of reducing defence imports and becoming a global exporter.
The new facility is equipped with advanced manufacturing capabilities, including 10,000 and 1,00,000-class clean rooms, ensuring high-quality production. HFCL's Thermal Weapon Sights offer high-resolution imaging and extended battery life, while their Electronic Fuzes provide precision and adaptability. The HCRR systems enable secure and high-speed communication, and the Surveillance Radars offer rapid detection of threats.
This facility will play a crucial role in enhancing India's defence capabilities and contributing to its export potential. By investing in indigenous manufacturing and R&D, HFCL aims to strengthen India's strategic independence in the defence sector. The Hosur facility is poised to become a hub of innovation, producing next-generation defence solutions that meet the rigorous demands of modern military operations.
HFCL's commitment to quality, reliability, and innovation will drive its success in the defence sector. The company aims to emerge as a leader in providing cutting-edge defence solutions that meet the stringent requirements of modern military operations worldwide.
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About the Company
HFCL is a leading technology provider specializing in building digital networks for telecom operators, businesses, and governments. With a strong foundation in fibre optics and decades of experience, HFCL offers sustainable, high-tech solutions, including 5G RAN and transport, Wi-Fi systems, and defence electronics. Its robust R&D centres in India and abroad continuously innovate cutting-edge products. Manufacturing facilities across India produce high-quality optical fibre, cables and telecom equipment, aligning with government initiatives like the PLI scheme. HFCL is a trusted partner for customers worldwide, committed to quality, sustainability, and meeting evolving network demands.
Order Book Update: As of September 2024, the company’s order book stands at Rs 6,151 crore. Out of the total order book, Government orders are worth Rs 4,183 crore and private company orders are worth Rs 1,968 crore.
The company has a market cap of over Rs 16,000 crore. The stock is up by 43.6 per cent from its 52-week low of Rs 81.22 per share and gave multibagger returns of 570 per cent in 5 years. Investors should keep an eye on this multibagger telecom infrastructure stock.
Disclaimer: The article is for informational purposes only and not investment advice.