Tembo Defence Merchandise Non-public Restricted, a gaggle firm of Tembo International Industries Restricted, is ready to signal a Memorandum of Understanding (MOU) with the Maharashtra authorities on the World Financial Discussion board in Davos, Switzerland, to determine a defence manufacturing facility within the state.
The shares of Tembo International Industries inventory closed at ₹735.10, down by ₹1 or 0.14 per cent on the NSE right now.
The settlement aligns with India’s “Make in India” initiative and goals to strengthen the nation’s indigenous defence manufacturing capabilities. The ability is anticipated to create jobs and advance technological improvement within the defence sector.
Sanjay J. Patel, Managing Director of Tembo International Industries Restricted, mentioned the partnership would assist rework India’s defence manufacturing capabilities and contribute to self-reliance in defence manufacturing.
Tembo International Industries, based in 2010, primarily manufactures steel parts for pipe help techniques, fasteners, and HVAC gear. The corporate, designated as a 2 Star Export Home, expanded into EPC contracting in 2023 and entered the defence manufacturing sector in 2024.
The corporate’s current product portfolio contains industrial, business, and OEM set up parts. Its merchandise are licensed by Underwriter’s Laboratory Inc. (USA) and FM Approval (USA) for fireplace sprinkler system installations. Tembo has additionally diversified into textile buying and selling and solar energy sectors.
