Tembo Global Industries Shares in Focus; Signs MoU with Belgium’s Lachaussee SA for Advanced Ammunition Production Line

Tembo Global Industries share price will be in focus after the company signed a Memorandum of Understanding (MoU) with Belgium-based Lachaussee SA, as per the exchange filing. The 2 companies plan to set up a production line in India for 2 types of ammunition. 

MoU with Lachaussee SA 

Tembo Global Industries will work with Lachaussee SA through its subsidiary, Tembo Classic Engineering Pvt. Ltd. The partnership will cover the setting up of the complete production line. 

Lachaussee SA is based in Belgium and has experience in making machinery and production lines for ammunition and related defence products. 

Production Capacity and Project Value 

The planned facility is expected to have an annual production capacity of around 100 million rounds. The project has a value of approximately €50 million. 

The company said the partnership is part of its expansion into defence manufacturing and will also support local production under the Make in India initiative. 

Tembo's Defence Business 

Tembo Global Industries entered the defence and renewables sectors in 2024. The company also has businesses in areas such as metal components, pipe support systems, HVAC, and EPC services. 

The latest MoU adds ammunition manufacturing to its growing defence-related business. 

Read More: SBI, IFCI, GIC, and Bank of Baroda Share Price in Focus Post SEBI Nod to NSE IPO! 

Tembo Global Industries Share Price Performance 

As of September 07, 2026, at 3:05 PM, Tembo Global Industries share price is trading at ₹58.60 per share, reflecting a surge of 0.22% from the previous trading session. 

Conclusion 

Tembo Global Industries has signed a €50 million MoU with Lachaussee SA to set up an ammunition production line in India. The facility is planned to produce around 100 million rounds a year, with deliveries scheduled for 2028 and 2029. 

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