Moneycontrol PRO
HomeNewsBusinessMarketsHFCL shares rise 4% as Andhra govt allots 1,000-acre land for defence manufacturing facilities

HFCL shares rise 4% as Andhra govt allots 1,000-acre land for defence manufacturing facilities

The proposed facilities will include manufacturing of Artillery Ammunition Shells, TNT filling and MultiMode Hand Grenades (MMHG), among other defence products

September 12, 2025 / 12:53 IST
HFCL shares rise 4% as Andhra govt allots 1,000-acre land for defence manufacturing facilities
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Shares of HFCL Ltd rose over 4% on September 12 after Andhra Pradesh government allotted 1,000-acre land for setting up defence manufacturing facilities.

    "... 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 defence manufacturing facilities," said HFCL in a stock exchange filing on September 11.

    In Phase-I, Andhra Pradesh Industrial Infrastructure Corporation Limited, an industrial infrastructure agency of the Government of Andhra Pradesh, will allot 329 acres of land. In Phase II, an additional 671 acres of land will be allotted by APIICL, said the company.

    The proposed facilities will include manufacturing of Artillery Ammunition Shells, TNT filling and MultiMode Hand Grenades (MMHG), among other defence products.

    At 12:45 pm on September 12, HFCL shares were trading 4.4% higher at Rs 73.27 apiece. The 52-week low of the stock is Rs 68.56 and 52-week high is Rs 171. The market capitalisation of the stock is nearly Rs 10,600 crore.

    "This allotment of land aligns with the Company’s strategic growth objectives and will enable further expansion of its footprint in the Defence sector," said the company.

    Moneycontrol News
    first published: Sep 12, 2025 12:53 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347