HFCL Limited updates on land allotment in Andhra Pradesh

The Industries and Commerce (Infra) Department of the Government of Andhra Pradesh, vide G.O. no. Ms. No.154 dated September 06, 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 defence manufacturing facilities.

In Phase-I, Andhra Pradesh Industrial Infrastructure Corporation Limited ("APIICL"), 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.

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

This allotment of land aligns with the Company's strategic growth objectives and will enable further expansion of its footprint in the Defence sector.

Shares of HFCL Limited was last trading in BSE at Rs. 70.29 as compared to the previous close of Rs. 70.67. The total number of shares traded during the day was 414166 in over 2070 trades.

The stock hit an intraday high of Rs. 71.60 and intraday low of 70.02. The net turnover during the day was Rs. 29285489.00.

Source : Equity Bulls

Keywords

HFCL INE548A01028 LandAllotment AndhraPradesh