HFCL,has indigenously designed and developed various cutting edge defence technologies including Electronics Fuzes, Ti Cores for Thermal Sights, Thermal Weapon Sights for light machine guns and assault rifles, Ground Surveillance Radars for various range and applications, High Capacity Radio Relays, among others. HFCL is also in the advanced stage of discussions to adopt defence technology and products developed by the Indian Agencies.
The Company’s indigenously developed electronic fuzes for artillery ammunition have already undergone extensive testing. The intellectual property rights of these products are entirely owned by HFCL in line with the Atmanirbhar Bharat Abhiyaan. Discussions are underway for the export of these indigenously developed fuzes.
HFCL has also designed 12-micron Ti-core based thermal weapon sight for defence forces, a feat accomplished by few global companies. HFCL has also participated in tenders for thermal weapon sights for light machine guns and rocket launchers with its indigenously developed products, which are currently in various stages of trials.
Further, to fulfill the critical Information, Surveillance, and Reconnaissance (ISR) needs of Defense and Security Forces, HFCL has strategically focused on developing advanced radar technologies. In its initial offering, HFCL through its subsidiary, Raddef Private Limited, an R&D enterprise specializing in cutting-edge radars and RF solutions, has designed and developed a range of ground and coastal surveillance radars to meet diverse operational needs. These radars employ Frequency Modulated Continuous Wave (FMCW) technology, which offers numerous advantages over other radar technologies, including high accuracy, low power consumption, and resistance to interference.
HFCL is also in discussion with a large player for the development of critical sub-systems for their overall surveillance platform.The surveillance radars have been subjected to extensive trials for ground and coastal surveillance applications. The senior defense officials recently visited the Company’s R&D facility at Bangalore and appreciated the progress made by HFCL. HFCL is also one of the shortlisted vendors in the Make-II program of the Indian Army for upgrading armaments of BMP 2/2K, having successfully cleared first level of user trials.
Aiming to be a significant contributor to the defense sector and fortify national security, HFCL has invested in its R&D capabilities over the past five years to develop various defense technologies. The Indian Defence forces, recognized as the world’s fourth largest armed force, stands on the brink of a significant transformation. The Government has identified the Defence sector as pivotal area for the ‘Aatmanirbhar Bharat’ initiative. This strategy focuses on fostering indigenous manufacturing capabilities and strengthening a robust research and development ecosystem.
India accounts for 3.7% of global military spending amounting to 6.21 lakh crore, making it the third highest military spender in the world after the U.S. and China. With active initiatives by Indian and various global governments to modernize and upgrade defense networks and systems, there is a total addressable market of multi billion dollars.
Leveraging its strong R&D capabilities, HFCL aims to address the Defence market nationally and internationally. The market size for HFCL’s current products is expected to be in excess of USD 10 Billion.
Mr. Mahendra Nahata, Managing Director, HFCL, said, “HFCL has successfully created a comprehensive, its IPR owned state-of-the-art defense product portfolio which are not only of national importance but also have huge demand for export. Entering the defense business on a significant scale, we are exploring new product opportunities and forming strategic alliances to grow and contribute substantially to India’s defense sector. Our innovative products for the Indian Defense Forces and global markets are poised to boost our revenue and profitability”.
With development of new generation defence product portfolio and ongoing sales and marketing efforts both domestically and in international markets, HFCL expects notable increase in its revenue and profitability from the defence sector in coming years.