Expansion7 Aug 2026, 08:01 pm
Pradeep Metals Invests ₹250 Cr in Nagpur Ammunition Facility
AI Summary
Pradeep Metals Ltd announced a strategic investment of up to ₹250 crore to establish a greenfield manufacturing facility for large calibre ammunition at the Nagpur Defence Hub. This expansion, the company's largest since inception, aims to capitalize on growing global defence equipment demand and leverage Pradeep Metals' expertise in precision forging and machining. The facility is expected to commence commercial production in Q4 FY27 with an annual capacity of 150,000 pieces. The company also reported strong FY26 performance with total income of ₹33,030 lakh and profit after tax of ₹2,532 lakh. This move aligns with India's 'Make in India' and 'Atmanirbhar Bharat' initiatives.
Key Highlights
- ₹250 crore investment in new large calibre ammunition manufacturing facility.
- Facility to commence production in Q4 FY27 with 150,000 pieces annual capacity.
- FY26 performance: ₹33,030 lakh total income, ₹2,532 lakh PAT.
- Strategic entry into defence sector, aligning with 'Make in India' initiative.
- Largest expansion in company's history, creating new growth platform.
Price Impact
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