Company to commission solar power project by FY26
Navi Mumbai-headquartered Tembo Global Industries Ltd plans to invest Rs.1,000 crore over the next three years to enhance its defence manufacturing capabilities in Maharashtra, MD Sanjay J. Patel said on 23 May in Mumbai.
“We are entering a transformative phase. We plan to invest Rs.1,000 crore over the next three years to enhance our defence manufacturing capabilities in Maharashtra,” he said on announcing FY25 report.
The company is set to complete a major manufacturing capacity expansion in early FY26 https://www.investindia.gov.in/.
Tembo is also progressing on a 25-year solar power project expected to be commissioned by FY26. The company continues to build a diversified EPC portfolio across industrial sectors and aims to play a key role in national infrastructure projects https://www.nseindia.com/.
Tembo Global operates in engineering solutions for oil & gas, construction, nuclear, shipbuilding, and infrastructure sectors, and is now eyeing significant growth in defence and renewable energy segments.
The engineering and textile products company posted its highest-ever financials this year, with Q4 PAT rising nearly 4.6x YoY to Rs.14.7 crore and revenue in the same quarter climbing 125.2% to Rs.274 crore https://www.bseindia.com/.
EBITDA for FY25 jumped 2.6x to Rs.91.7 crore, while EBITDA margins expanded by 653 basis points to 12.3%. The Q4 EBITDA stood at Rs.28.8 crore, rising nearly 20-fold over the same period last year https://www.sidm.in/.
Tembo reported a robust order book of Rs.1,485 crore at the end of FY25, with additional fresh orders worth Rs.1,600 crore, reflecting strong demand visibility. Fiinews.com
