HFCL climbs on getting board's green signal for Rs 400 crore expansion plan
HFCL is currently trading at Rs. 211.30, up by 8.60 points or 4.24% from its previous closing of Rs. 202.70 on the BSE.
The scrip opened at Rs. 205.90 and has touched a high and low of Rs. 212.00 and Rs. 205.80 respectively. So far 677639 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 229.40 on 16-Jul-2026 and a 52 week low of Rs. 59.83 on 23-Jan-2026.
Last one week high and low of the scrip stood at Rs. 212.00 and Rs. 183.90 respectively. The current market cap of the company is Rs. 32295.71 crore.
The promoters holding in the company stood at 28.29%, while Institutions and Non-Institutions held 25.13% and 46.58% respectively.
HFCL has secured approval for expansion of its Optical Fiber and Optical Fiber Cable (OFC) manufacturing capacities with a total capital outlay of around Rs 400 crore. The Board of Directors of the company, at its meeting held on August 4, 2026, has approved the same. The investment will be funded through an appropriate mix of internal accruals and debt, as required. The company has proposed to add 4.60 million fkm per annum capacity of Optical Fiber and 14.0 million fkm per annum capacity of Optical Fiber Cable. Theses capacities are expected to be completed by July 2028.
The company has an existing Optical Fiber capacity of 28.0 million fkm per annum and Optical Fiber Cable capacity of 34.0 million fkm per annum With these new capacities and ongoing capacity addition, the company’s total Optical Fiber and Optical Fiber Cable capacity will reach 38.50 million fkm per annum and 56.36 million fkm per annum, respectively. The proposed expansion is intended to enable the company to cater to the increasing demand for OFC and optical connectivity products across domestic and international markets and address the requirements arising from its existing customer commitments, healthy order book and expanding business pipeline.
The company is witnessing sustained customer demand for OFC and connectivity products and continued engagement with existing and prospective customers across key geographies, providing strong visibility for future growth. The proposed capacity expansion will strengthen the company's manufacturing capabilities, enhance its ability to execute current and future orders, improve operational efficiencies and economies of scale, strengthen supply chain resilience and support its export growth strategy. The expansion will also enable the company to derive greater value from its integrated manufacturing platform and backward integration initiatives, while further reinforcing its position as a leading global manufacturer of optical communication products.
