Tembo Global Signs €50 Million Ammunition Pact; Shares Fall 0.10%

Mumbai, September 07: Tembo Global Industries has entered into a Memorandum of Understanding with Belgium-based Lachaussee SA through its subsidiary Tembo Classic Engineering Private Limited to establish a complete ammunition production line in India.

Tembo Global Signs MoU With Lachaussee SA For Ammunition Production

As per the company disclosure, Tembo Classic Engineering will work with Lachaussee SA to establish a production line for two types of ammunition in India.

The proposed facility is expected to have production capacity of approximately 100 million rounds of ammunition annually. The project is valued at around €50 million, with deliveries scheduled across 2028 and 2029.

The proposed partnership brings together Tembo’s engineering, manufacturing and project execution capabilities with Lachaussee’s expertise in ammunition production machinery and complete production lines.

Tembo said the project will also support the broader Make in India objective by strengthening domestic manufacturing capabilities and contributing to the development of a local defence manufacturing ecosystem.

Stock Market Snapshot

The Tembo Global share price was trading at ₹58.41, down ₹0.06 or 0.10%, as of 12:20:12 PM IST on September 7, 2026, according to the market data shown.

The stock opened higher in the morning and touched a high of around ₹60.45 before giving up most of its gains. It later moved around the ₹58 level, with the latest price at ₹58.41.

The stock’s movement remained largely subdued around midday despite the announcement of the proposed €50 million defence manufacturing partnership.

Proposed Project To Expand Tembo Global’s Defence Manufacturing Footprint

The MoU represents a further move by Tembo Global into defence manufacturing, following the company’s diversification into the sector in recent years.

The proposed ammunition facility would add a specialised manufacturing capability to Tembo’s existing engineering and industrial operations. With a targeted capacity of 100 million rounds a year, the project is expected to operate on a significantly larger scale than a conventional component manufacturing facility.

Tembo Managing Director Sanjay J. Patel said the partnership combines complementary engineering and manufacturing capabilities and would help the company strengthen its position in the defence manufacturing ecosystem.

The company said it intends to work with Lachaussee towards the execution of the project, with production deliveries planned for 2028 and 2029.

Lachaussee Brings Ammunition Manufacturing Technology

Lachaussee SA, based in Milmort, Belgium, has a history dating back to 1830 and specialises in engineering and manufacturing high-precision machinery and complete production lines.

Its capabilities include equipment for ammunition, primers, detonators and other pyrotechnic components used in defence and related industries. The company also provides equipment design, manufacturing, installation, commissioning and technology transfer services to customers across global markets.

For Tembo Global, the partnership provides access to an established international technology and manufacturing partner as it develops its proposed ammunition production capability in India.

Tembo Global Operates Across Engineering And Industrial Businesses

Tembo Global Industries was incorporated in 2010 and operates across manufacturing, engineering and industrial businesses.

The company manufactures and assembles metal components for pipe support systems, fasteners, anchors, HVAC and anti-vibration systems and other industrial equipment. It also undertakes ductile pipe, HDPE pipe and fittings and MS plate fabrication and installation work.

Tembo has also expanded into areas including EPC, textile trading, defence and renewable energy. In 2023, the company entered the EPC segment, covering engineering, procurement and construction activities for infrastructure projects.

Conclusion

Tembo Global Industries has entered into an MoU with Belgium’s Lachaussee SA through its subsidiary Tembo Classic Engineering to establish a complete ammunition production line in India.

The proposed project is valued at approximately €50 million and is expected to have an annual production capacity of around 100 million rounds, with deliveries scheduled for 2028 and 2029.

The partnership strengthens Tembo Global’s expansion into defence manufacturing while bringing Lachaussee’s specialised ammunition production expertise into the proposed Indian facility.

On the market front, the Tembo Global share price stood at ₹58.41 as of 12:20:12 PM IST on September 7, 2026, down 0.10%.

Source:

• https://www.nseindia.com/get-quote/equity/TEMBO/Tembo-Global-Industries-Limited
• https://nsearchives.nseindia.com/corporate/TEMBO_07092026114658_PressRelease07092026_Sd.pdf