Rs 1,525+ Crore Order Book: Solar & Defence Company Approved Rs 500 Crore Fundraising for Business Expansion
DSIJ Intelligence-1 / 16 Jul 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 140 per cent from its 52-week low of Rs 200 per share.
Tembo Global Industries Limited (NSE: TEMBO) has secured board approval to raise up to Rs 500 crore. This substantial capital infusion will be executed in one or more tranches through various methods, including Qualified Institutional Placement (QIP), Preferential Allotment, Rights Issue, or the issuance of convertible securities. The primary objective of this fundraising initiative is to fuel Tembo's ambitious expansion plans and strategic investments, with a keen focus on the burgeoning defence and solar energy sectors.
This move aligns perfectly with Tembo's previously announced strategic undertakings. The company had earlier disclosed a Rs 1,000 crore investment agreement with the Government of Maharashtra to establish a Tembo Defence Products manufacturing unit for small arms and ammunition, in technical collaboration with a European firm. Furthermore, the fundraising supports their venture into solar energy, following a 25-year Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to develop 124 MW (AC) of solar photovoltaic power generating stations.
About the Company
Incorporated in 2010, Tembo Global Industries is a leading manufacturer and assembler of metal components for various industrial applications. They specialize in pipe support systems, fasteners, anchors, HVAC, and anti-vibration systems for industrial, commercial, utility, and OEM installations, also trading in complementary metal products. The company is also a specialist in the fabrication and installation of ductile pipes, HDB pipes and fittings, and MS plates, with products certified by UL Inc. (USA) and FM Approval (USA) for fire sprinkler systems.
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As a 2-Star Export House, Tembo Global Industries has a strong export focus. In 2023, the company expanded into EPC (Engineering, Procurement, and Construction) contracting for infrastructure clients. Further diversifying, Tembo ventured into defence product manufacturing and solar power in 2024, alongside its existing interests in textile trading.
The company has a market cap of Rs 765 crore and as of March 31, 2025, the order book stands at Rs 1,525+ crore. The stock gave multibagger returns of 140 per cent from its 52-week low of Rs 200 per share.
Disclaimer: The article is for informational purposes only and not investment advice.