Introduction:
Leading Defence manufacturer has received an offer letter under Maharashtra’s Package Scheme of Incentives 2019 to establish a small arms manufacturing plant. The project, part of a ₹1,000 crore investment deal, was formalized at the 2025 World Economic Forum in Davos.
Share price movement of Tembo Global:
On March 21, 2025, Tembo Global Industries Limited opened at ₹521.40, up 2.00% from its previous close of ₹511.20. The stock reached a high of ₹521.40 and a low of ₹521.40. By 2:14 PM, it traded at ₹521.40, with a market cap of ₹578.95 crore.
Tembo Defence Products to Set Up Small Arms Manufacturing Plant in Maharashtra:
Tembo Defence Products Private Limited, an associate of Tembo Global Industries, has received an offer letter under Maharashtra’s Package Scheme of Incentives 2019. The project, aligned with a ₹1,000 crore investment deal, was formalized at the 2025 World Economic Forum.
The upcoming manufacturing plant will benefit from incentives, including a seven-year electricity charge exemption and 100% stamp duty waiver. Additionally, an Industrial Promotion Subsidy (IPS) will cover eligible investments up to ₹350 crore or the total GST payable for up to seven years.
Tembo Defence Products will complete the necessary formalities to avail these benefits. This initiative strengthens Maharashtra’s defense manufacturing sector, fostering economic growth and job creation. The company’s collaboration with the state government highlights India’s focus on domestic defense production and self-reliance.
Recent news on Tembo Global:
As of February 11, 2025, Tembo Global Industries reported a 266.52% rise in net profit to ₹16.31 crore for Q3 FY24. Sales surged 42.58% to ₹164.50 crore, reflecting strong growth compared to ₹115.37 crore in Q3 FY23.
Stock performance of Tembo Global for Period of 1 week, 6 months, and 1 year:
Tembo Global Industries delivered strong returns, gaining 3.99% in a week, 20.8% over six months, and an impressive 89.0% in a year. The company’s robust performance reflects steady growth, driven by rising sales and significant profit expansion in recent quarters.
Also Read: Wastewater management stock jumps 4% after signing non-binding equity partnership worth ₹862 Cr for municipal projects
Shareholding pattern of Tembo Global:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 55.40% | 55.40% | 55.40% |
| FII | 0% | 1% | 2% |
| DII | 0% | 0% | 0% |
| Public | 44.50% | 43.90% | 43.00% |
About Tembo Global:
Tembo Global Industries Ltd (NSE: TEMBO), incorporated in 2010, manufactures fabricated metal products for industrial and commercial use. Specializing in pipe support systems, fasteners, and HVAC equipment, its products are UL and FM approved for fire sprinkler system installations.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
