Shares of HFCL Ltd. rose by 2%, reaching a day’s high of Rs 171 on 23rd September, following the announcement of a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI), the company stated in an exchange filing on Sunday.

According to the filing, the company has been tasked with developing and supplying critical sub-systems for GA-ASI’s advanced unmanned aircraft systems (UAS).

This partnership establishes HFCL as a key player in the production of one of the most advanced unmanned aerial vehicles in the world.

The company is working on a critical radar sub-system for unmanned aerial vehicles (UAVs). This key component features a compact, lightweight design and meets stringent environmental and MIL-STD specifications, according to the company.

Advanced radar and RF solutions are being developed by HFCL’s subsidiary, Raddef, while HFCL is also creating a cutting-edge drone detection radar.

HFCL’s ongoing R&D efforts include projects such as ground surveillance radars, weather radars, threat emulators, and passive radars, among other innovations.

HFCL’s MD, Mahendra Nahata, stated that the partnership with General Atomics strengthens the company’s role as a trusted partner in the global defence sector and highlights its commitment to India’s defence modernization.

HFCL’s stock has surged by 90% this year and gained 124% over the last 12 months.

At 10:28 AM, the shares of HFCL were trading 2.16% higher at Rs 165.30 on NSE.

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