New Delhi, March 27 -- HFCL share price rose by 3% on Friday, March 27, following the announcement of board approval for a significant expansion in its defense operations via its subsidiary, HFCL Advance Systems Private Ltd (HASPL). This expansion involves an investment of Rs.175 crore across several acquisitions, including Spiral EHL Engineering, a stake in Raddef, and a thermal weapon sight business.

This consolidation has resulted in a confirmed order book totaling Rs.1,680 crore, comprising Rs.1,570 crore from exports and Rs.110 crore from domestic contracts in the aeronautics, aerostructure, and defense manufacturing sectors, with the completion of transactions anticipated within the current calendar year.

Additionally, the stock h...