Recently Indian Companies have signed a Memorandum of Understanding (MoU) with the Maharashtra government total valued at Rs. 6.25 lakh crore which marks a significant step towards strengthening the state’s position in India’s defence sector. Maharashtra plays a crucial role in the country’s defence industry contributing around 30 percent to India’s output in weapons and ammunition and 21 percent of the state’s contribution in India’s Aircraft, Ships, Boats, and other output.
The State holds numerous defence manufacturing units, research centers, and production facilities. In the recent Davos Meet, there were some companies signed MoU on defence products worth Rs. 22,750 crores. This partnership aims to boost innovation, manufacturing, and job creation, further improving Maharashtra’s strategic importance in India’s defence and aerospace sectors.
Listed below are some of the Defence Stocks that entered into an MoU with the Maharastra Government recently.
Bharat Forge
Bharat Forge Limited, part of the Kalyani Group, is a leading global manufacturer of high-performance forged components for aerospace, automotive, and industrial sectors, with extensive R&D and manufacturing capabilities.
The agreement involves an investment of around Rs. 5,250 crores to boost defence manufacturing in Maharashtra State.
With a market capitalization of Rs. 58,470 Crores, the shares of Bharat Forge Limited closed at Rs. 1,223 per equity share, up 1.78 percent from its previous day’s close price of Rs. 1,201.65.
Its Revenue from operations declined by 2.25 percent from Rs. 3,774 Crores in Q2FY24 to Rs. 3,689 Crores in Q2FY25, accompanied by profits of Rs. 215 Crores to Rs. 243 Crores.
Tembo Global Industries
Tembo Global Industries specializes in manufacturing and distributing steel products, including pipe hangers and HVAC systems. The company also trades textiles, focusing on customized solutions for diverse client needs.
The agreement involves an investment of Rs. 1,000 crores to boost defence manufacturing in Maharashtra State.
With a market capitalization of Rs. 815.63 Crores, the shares of Tembo Global Limited closed at Rs. 734.55 per equity share, up 5.00 percent from its previous day’s close price of Rs. 699.65.
Its Revenue from operations grew by 43.85 percent from Rs. 114 Crores in Q2FY24 to Rs. 164 Crores in Q2FY25, accompanied by a profit of Rs. 5 Crores to Rs. 15 Crores.
Reliance Infrastructure
Reliance Infrastructure Limited is a major Indian company involved in power generation, infrastructure development, and defense. It operates across diverse sectors, including metro rail, toll roads, and energy distribution.
The agreement involves an investment of Rs. 16,500 crores to boost defence manufacturing in Maharashtra State.
With a market capitalization of Rs. 10,852.01 Crores, the shares of Reliance Infrastructure Limited closed at Rs. 273.95 per equity share, down 0.94 percent from its previous day’s close price of Rs. 276.55.
Its Revenue from operations increased by 1.46 percent from Rs. 7,153 Crores in Q2FY24 to Rs. 7,258 Crores in Q2FY25, accompanied by a loss of Rs. 182 Crores to a profit of Rs. 4,195 Crores.
Written by Santhosh S
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