HFCL Ltd Approves ₹820 Cr Expansion for Optical Fiber Manufacturing

HFCL Ltd announced board approval for an additional investment of approximately ₹820 crore to expand its Optical Fiber, Optical Fiber Cable, and Preform manufacturing capacities. This expansion aims to increase capacities to 43.10 million fiber kms for Optical Fiber, 62.00 million fiber kms for Optical Fiber Cable, and 600 MT for Preform per annum. The total planned capital expenditure for these initiatives, including prior approvals, now stands at approximately ₹1,800 crore. The investment is driven by a strong order book, a robust business pipeline, and favorable long-term global demand for optical communication infrastructure, particularly for AI, data centers, and telecom expansion. The expansion is expected to be completed by July-October 2028 and will be funded through internal accruals, debt financing, and proceeds from preferential issue of warrants.