Rs 1,350 crore order book: Solar & defence company raises Rs 316.7 crore to accelerate growth in EPC, defence and infra projects segment

Tembo Global Industries has successfully raised Rs 316.7 crore through a combination of equity shares and share warrants. This significant capital infusion, which received strong support from various investors, will be used to accelerate growth in the company's EPC (Engineering, Procurement, and Construction), defence and infrastructure projects. The fundraising included contributions from the company's promoters and strategic investor Mohammed Abdul Nayeem, founder and chairman of Masah Construction Company, Saudi Arabia.

The total amount raised was split into two parts: about Rs 198.7 crore from preferential allotment to various funds and high-net-worth investors, and an additional Rs 118 crore from share warrants by the promoters and a strategic partner. These funds are specifically earmarked for capital expenditure within Tembo's core EPC business and its recent expansion into the defence industry. This move aims to capitalise on the substantial growth opportunities and strategic importance of these sectors for India's infrastructure and energy security.

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About the Company

Incorporated in 2010, Tembo Global Industries is a key player in the industrial sector, manufacturing and assembling metal components for various systems like pipe support, fasteners, HVAC and anti-vibration. They also trade complementary metal products. Specialising in ductile pipes, HDB pipes and MS plates, their products are certified by UL Inc. (USA) and FM Approval (USA) for fire sprinkler systems. A 2 Star Export House, Tembo expanded into EPC contracting in 2023 and diversified into defence products and solar power in 2024.

In Q1 FY26, Tembo Global Industries achieved a 93 per cent year-on-year revenue growth to Rs 248 crore. The company's focus on the high-margin Engineering segment led to a significant EBIT margin expansion to 24.9 per cent, supported by the inauguration of a new manufacturing facility that quadrupled capacity. Tembo is also advancing key projects, including the near-completion Maldives jetty project and land acquisition for 10 solar SPVs, while actively pursuing financing and negotiating EPC projects worth Rs 600 crore and bidding on international opportunities totalling approximately Rs 800 crore to diversify its portfolio and capitalise on the growing demand for its precision-engineered products.

On Friday, shares of Tembo Global Industries Ltd gained 1.3 per cent upper circuit to Rs 581 per share from its previous closing of Rs 573.55 per share. The company has a market cap of over Rs 860 crore and as of June 30, 2025, the order book stands at Rs 1,350 crore with L1 order bidding pipeline worth Rs 2,000 crore. The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 264.19 per share.

Disclaimer: The article is for informational purposes only and not investment advice.