Hilton Metal Forging Limited Enters into Interim Sales Agreement for Supply of Artillery Shells

Hilton Metal Forging Limited Enters into Interim Sales Agreement for Supply of Artillery Shells​

Mumbai, March 26, 2026 – Hilton Metal Forging Limited announced that it has entered into an Interim Sales Agreement for the supply of 360,000 standard 155mm M107 empty bomb artillery shells.

The agreement, with a structured delivery schedule of 15,000 units per month, will be executed over a 24-month period. The total value of the order is approximately Rs. 720.00 crore.

Key Terms of the Agreement​

• Order Size: 360,000 empty artillery shells (approximately Rs. 720.00 crore)
• Execution Timeline: 24 months, with a mutually agreed grace period.
• Payment Terms: Rolling advance equivalent to 50% of three months' supply, with monthly invoicing payable prior to dispatch and adjusted against advances.
• Monthly Billing: Approximately INR 30 crore
• Customer: The buyer is registered with relevant defence authorities and possesses necessary approvals.

Strategic Advantages and Company Strengths​

Hilton Metal Forging Limited highlighted its technical capabilities and track record, including the successful development and supply of forged railway wheels. The company also cited its international presence, advanced manufacturing infrastructure, engineering expertise, and scalable operations as key strengths.

Management Commentary​

Yuvraj Malhotra, Chairman & Managing Director of Hilton Metal Forging Limited, stated that the agreement represents a significant opportunity for growth and value creation and reinforces the company's positioning in the global defence supply chain. The order provides visibility for optimal utilization of manufacturing lines and opportunities to expand supplies to additional customers.



Hilton Metal Forging Limited is a manufacturer of forged and precision-machined components catering to industries such as oil & gas, petrochemicals, engineering, railways, and exports.

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