HFCL Launches Integrated Defence Platform, ₹1,570 Cr Export Orders

HFCL's board approved strategic consolidation of defence businesses under subsidiary HASPL with total investment up to INR 175 crore.
HASPL will acquire Spiral EHL (100%), Raddef Pvt Ltd (80% stake), and HFCL's TWS business for aggregate consideration up to INR 150 crore.
The consolidated platform debuts with a confirmed export order book of ~INR 1,570 crore and domestic orders of INR 110 crore totalling INR 1,680 crore.
Transactional agreements targeted for execution by May 31, 2026, with financial closing expected within calendar year 2026.