Mumbai, May 14 -- The board of HFCL at its meeting held on 14 May 2026 has approved the establishment of a defence manufacturing facility for manufacture of Multi-Mode Hand Grenade (MMHG) and similar other products

in Sri Satya Sai District of the State of Andhra Pradesh (Defence Facility) at a total initial capital outlay of Rs 230 crore.

This initiative forms part of HFCL's long-term strategic expansion into high-value defence manufacturing, aligned with India's national objective of achieving self-reliance (Aatmanirbharta) in defence production.

Published by HT Digital Content Services with permission from Capital Market....