Rs 1,350 Crore Order Book: Solar & Defence Company Secures USD 12.44 Million International EPC Contract in Sri Lanka
DSIJ Intelligence-2 / 19 Aug 2025/ Categories: Mindshare, Trending
The stock gave multibagger returns of 124 per cent from its 52-week low of Rs 200 per share.
Tembo Global Industries Limited has announced the award of a major Engineering, Procurement, and Construction (EPC) contract for the construction of Aviation Turbine Fuel (ATF) storage tanks at Bandaranaike International Airport, Colombo, Sri Lanka. The development marks the company’s entry into the international EPC space and is expected to support revenue growth in the coming quarters.
The contract, valued at USD 12.44 million (USD 12,443,345/-), covers a complete scope of work including design, engineering, procurement, construction, and commissioning of ATF storage tanks. It also includes associated piping, electrical, and instrumentation systems, making it a comprehensive EPC project.
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This achievement provides Tembo Global Industries with international recognition, reinforcing its presence beyond the domestic market. The order, awarded by an international entity, highlights the company’s expanding business capabilities.
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For shareholders, such project wins often act as positive triggers similar to catalysts like dividend announcements, Quarterly Results, right issue declarations, or bonus issues. The company’s international expansion may also add long-term growth potential, a factor that can be relevant for investors tracking small-cap or Mid-Cap multibagger opportunities in the infrastructure and EPC space.
With the execution of this international order, Tembo Global Industries joins the league of Indian companies securing large-scale overseas projects, potentially opening further avenues in the global EPC market.
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.
On Wednesday, shares of Tembo Global Industries Ltd hit a 5 per cent upper circuit to Rs 547.40 per share from its previous closing of Rs 521.35 per share. The company has a market cap of over Rs 800 crore and as of June 30, 2025, the order book stands at Rs 1,350 crore with an L1 order bidding pipeline worth Rs 2,000 crore. The stock gave multibagger returns of 124 per cent from its 52-week low of Rs 200 per share.
Disclaimer: The article is for informational purposes only and not investment advice.