July 09, 2025 06:54 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Indian nurse Nimisha Priya, on death row for murder in Yemen, to be executed on July 16 | Fatal Air India plane crash preliminary report submitted to government | MNS workers out to oppose protests against slapgate incident detained | Social media influencer files complaint against MNS leader's son for ramming car into her vehicle in drunken state | Bihar businessman Gopal Khemka murder accused killed in police encounter in Patna | PM Modi meets Uruguay President on sidelines of 17th BRICS Summit in Rio de Janeiro | PM Modi meets Bolivian President on the sidelines of BRICS in Rio de Janeiro | Supreme Court refuses interim stay on Election Commission's voter list revision drive in Bihar, hearing on Thursday | Khalistani terrorist Harpreet Singh alias Happy Passia, responsible for terror attacks in Punjab, brought to India from US: Report | Calcutta HC dismisses medical council's order suspending TMC leader Dr. Santanu Sen
HFCL
HFCL Hyderabad plant. File photo from Wikimedia Commons/Nuttyprofessor2016

HFCL shares zoom 5% on deal to develop and supply critical sub-systems to General Atomics ASI

| @indiablooms | Sep 23, 2024, at 07:02 pm

New Delhi/IBNS: HFCL Limited shares surged by 5 percent to reach Rs 171, marking a new 52-week high in morning trade on Monday (Sept. 23), following the announcement of a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI).

In the early trade on Monday, shares of HFCL were trading at Rs 168, up 4 percent on the NSE.

Since the start of the year, HFCL's stock has rallied by 100 percent, according to reports.

Under the partnership, HFCL will develop and supply critical sub-systems for GA-ASI's cutting-edge unmanned aircraft systems (UAS), solidifying HFCL's role in the production of advanced unmanned aerial vehicles globally, reports said.

The company is working on a key radar sub-system for UAVs, which is designed to be compact, lightweight, and meet rigorous MIL-STD and environmental standards.

These advanced radar and RF solutions are being developed by HFCL's subsidiary, Raddef, which is also working on an innovative drone detection radar.

In addition to this, HFCL is engaged in various R&D projects, including ground surveillance radars, weather radars, threat emulators, and passive radar systems.

"Our collaboration with General Atomics strengthens HFCL’s standing in global defence and highlights our dedication to modernizing India’s defence capabilities," Managing Director Mahendra Nahata was quoted as saying by Moneycontrol.

In a regulatory filing on Sunday (Sept. 22), the company stated, "This landmark alliance with General Atomics not only elevates HFCL’s standing in the global defence industry but also strengthens its commitment to delivering technology solutions that help nations safeguard and support their strategic goals."

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu