NSE-listed TEMBO secures MIDC land for ammunition factory near Nagpur, targeting ₹500Cr+ investment and 2,000+ jobs in defense manufacturing.
100-Acre Facility to Boost India’s Defense Self-Reliance
Key Project Details
✔ Location: Amravati, Maharashtra (Near Nagpur)
✔ Land Area: 100 acres (MIDC allocation)
✔ Focus: Arms & ammunition manufacturing
✔ Parent Company: TEMBO Global (NSE: TEMBO)
✔ Strategic Alignment: Make in India & Atmanirbhar Bharat
Strategic Significance
1. Defense Manufacturing Expansion
🔫 Product Portfolio:
- Small arms & ammunition production
- Potential for artillery shells & explosives
- Integration with existing metal component expertise
🛡️ Indigenization Impact:
- Reduces import dependence in small arms category
- Supports negative import list of Defense Ministry
2. Economic & Employment Benefits
👷 Job Creation:
- 500+ direct jobs in Phase 1
- 1,500+ indirect jobs in supply chain
💰 Investment Scale:
- Estimated ₹500-700 crore Phase 1 CAPEX
- Potential export revenue from SAARC & African markets
3. Infrastructure Advantages
📍 Strategic Location:
- Proximity to Nagpur’s MIHAN defense hub
- Connectivity via Samruddhi Expressway & freight corridor
- Synergy with Amravati’s industrial ecosystem
Corporate Background
🏭 TEMBO Global Core Business:
- Metal components for infrastructure (UL/FM certified)
- EPC contracts in utilities
- Recent diversification into defense & solar
📈 Stock Performance (NSE: TEMBO):
- 52-week high: ₹142 (Defense sector optimism)
- Recent trend: +18% since defense foray announcement
Implementation Roadmap
📅 2024-25:
- Land acquisition finalization
- Environmental clearances
🏗 2025-26:
- Phase 1 construction (40 acres)
- Trial production setup
🎯 2026-27:
- Full-scale manufacturing
- Defense certification (DGQA)
Industry Context
📊 India’s Ammunition Market:
- $2.1B annual imports
- 30% CAGR expected for local manufacturing (2025-30)
🇮🇳 Policy Tailwinds:
- Positive Indigenization Lists (5th list released 2024)
- PLI for drones & defense electronics
Management Commentary
“This facility will be a cornerstone for India’s small arms self-sufficiency, combining our metal expertise with defense-grade precision.”
— Sanjay J. Patel, MD, TEMBO Global
“Amravati’s emergence as a defense node complements Nagpur’s MRO hub.”
— Maharashtra Industries Department Official