HFCL Ltd to Invest ₹215 Cr in Data Center Connectivity Products Facility

HFCL Ltd's Board of Directors has approved the establishment of a state-of-the-art manufacturing facility for Data Center Connectivity Products. The facility will have a capacity of 2,70,000 assemblies per annum with an estimated capital outlay of ₹215 crore. This expansion is driven by the significant global demand for data center connectivity products, fueled by AI, hyperscale data centers, and cloud computing. The new facility will produce advanced products like MMC and SNMT assemblies, crucial for high-speed data center and AI infrastructure. The project is expected to be commissioned by September 2027 and will be financed through a mix of internal accruals and debt. This move aims to capitalize on market growth, expand manufacturing capabilities, and strengthen HFCL's position in the high-growth data center market.