Archive · 25 Jul 2025

HFCL Announces ₹700 Crore Fundraise, Reports Improved Q1 Performance

HFCL Announces ₹700 Crore Fundraise, Reports Improved Q1 Performance

HFCL, a tech company in telecom and defense, is raising money.

They plan to get up to ₹700 crore by selling shares or other financial tools.

This fundraising is happening because the company had a better start to the year.

The company made more money than last quarter and their losses were smaller.

The company's order book shows they have a lot of business lined up, and their fiber optic cable (OFC) business is doing well, with many new orders from abroad.

Sources