Rs 1,525+ Crore Order Book: Defence Company Gets 100 Acres of Land in Amravati for Arms and Ammunition Manufacturing Facility
The stock gave multibagger returns of 140 per cent from its 52-week low of Rs 200 per share.
Tembo Defence, a subsidiary of Tembo Global Industries Limited (NSE: TEMBO), announced that it has received a comfort letter from the Maharashtra Industrial Development Corporation (MIDC) for the allocation of 100 acres of land in Amravati, near Nagpur, Maharashtra. This strategic acquisition marks a significant milestone in the company’s expansion plans to establish a state-of-the-art manufacturing facility dedicated to the production of arms and ammunition. The new facility will bolster TEMBO Defence’s capabilities to support India’s defence sector, enhance domestic manufacturing, and contribute to the government’s vision of self-reliance under both the “Make in India” and “Atmanirbhar Bharat” initiatives. TEMBO Defence Group’s expansion in Amravati aligns with its long-term vision to strengthen India’s defence manufacturing capabilities and create employment opportunities in the region.
Mr. Sanjay J. Patel, Managing Director of Tembo Global Industries Ltd., expressed his enthusiasm about this development, stating: "This land allocation is a monumental step towards our vision of contributing to India’s self-reliance in the defence manufacturing sector. The upcoming facility will not only create significant employment opportunities in the region but also play a pivotal role in strengthening India’s defence infrastructure. We are deeply thankful to MIDC for their support and look forward to accelerating our efforts in this new vertical with a strong focus on innovation, precision, and national service."
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About the Company
Incorporated in 2010, Tembo Global Industries is a leading manufacturer and assembler of metal components for various industrial applications. They specialize in pipe support systems, fasteners, anchors, HVAC, and anti-vibration systems for industrial, commercial, utility, and OEM installations, also trading in complementary metal products. The company is also a specialist in the fabrication and installation of ductile pipes, HDB pipes and fittings, and MS plates, with products certified by UL Inc. (USA) and FM Approval (USA) for fire sprinkler systems.
As a 2-Star Export House, Tembo Global Industries has a strong export focus. In 2023, the company expanded into EPC (Engineering, Procurement, and Construction) contracting for infrastructure clients. Further diversifying, Tembo ventured into defence product manufacturing and solar power in 2024, alongside its existing interests in textile trading.
The company has a market cap of Rs 714 crore and as of March 31, 2025, the order book stands at Rs 1,525+ crore. The stock gave multibagger returns of 140 per cent from its 52-week low of Rs 200 per share.
Disclaimer: The article is for informational purposes only and not investment advice.