The MoU marks a key step in strengthening India's defense sector, advancing local production, and improving national security. It reflects the shared commitment of Tembo Defence Products and the Government of Maharashtra to reinforce the country’s defense infrastructure.

Sanjay J. Patel, managing director of Tembo Global Industries, said, “We are honored to be part of this significant moment at the World Economic Forum in Davos, where we will formalize our partnership with the Government of Maharashtra. This MOU marks a crucial step towards transforming India’s defence manufacturing capabilities, and we are committed to contributing to the nation’s vision of self-reliance in defence.

Our collective effort will not only create a more resilient supply chain but also create numerous job opportunities and promote technological advancements within the sector.”

Tembo Global Industries is engaged in The Company is principally engaged in the activities pertaining to the manufacture of steel products and trading of fabrics.

The company’s consolidated net profit surged 179.3% to Rs 14.58 crore on a 43.8% jump in net sales to Rs 163.85 crore in Q2 FY25 over Q2 FY24.

Shares of Tembo Global Industries rose 0.53% to Rs 740 on the NSE.