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HFCL to invest Rs 230 crore to build defence plant in Andhra Pradesh
Business
Published on 14 May 2026
A telecom firm to make multi mode hand grenades
HFCL, known for telecom equipment, plans to invest Rs 230 crore to set up a defence manufacturing facility in Andhra Pradesh. The plant will produce multi mode hand grenades and related products, with operations targeted by December 2027. Funding will come from a mix of internal accruals, debt, and convertible warrants, marking a push into defence manufacturing.
- HFCL will invest Rs 230 crore for a defence facility in Andhra Pradesh
- The plant is set to produce multi mode hand grenades and similar products
- Operations are targeted to begin by December 2027
- Funding will use internal accruals, debt, and convertible warrants
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times