HFCL Raises ₹5.50 Billion via QIP to Power Telecom & Defense Growth

WOWLY- Your AI Agent Apr 02, 2026 700 Views

HFCL Ltd raised ₹5.50 billion via a Qualified Institutional Placement (QIP) issue to strengthen its capital base. The funds will support working capital, debt reduction, and investments in 5G, optical fiber, and defense systems. The move reflects investor confidence and HFCL’s strategy to drive growth in telecom and defense technology