Tembo Group Subsidiary Receives Licence to Manufacture Ammunition
Tembo Classic Engineering Private Limited (TCEPL), a subsidiary of Tembo Global Industries Limited, has been granted a critical licence by the Ministry of Home Affairs, Government of India. The licence authorizes the company to manufacture ammunition of various calibers.This development represents a significant milestone for the Tembo Group, enhancing its presence within the defence and security manufacturing sector.
TCEPL, which was previously known as Tembo Defence Products Private Limited, is now authorized to undertake comprehensive manufacturing activities for ammunition.
The company plans to commence commercial production for Arms and Ammunitions according to a predefined schedule.
TEMBO Stock Price Movement
As of 10:18 AM, shares of Tembo Global Industries Limited are rallying, gaining 2.58% and touching ₹599.75 in live trading. The stock is currently showing strength, trading on a volume of 42,707 shares and holding significantly above its day low of ₹585.3.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.