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Tembo Global Industries Ltd. ( (IN:TEMBO) ) just unveiled an announcement.
Tembo Global Industries Ltd. has announced that its subsidiary Tembo Classic Engineering Private Limited has received a licence from India’s Ministry of Home Affairs to manufacture ammunition of various calibers, marking a formal entry into regulated arms production. The approval is described as a significant milestone expected to strengthen the group’s position in the defence and security manufacturing sector, with the subsidiary preparing to start commercial production of arms and ammunition as scheduled.
More about Tembo Global Industries Ltd.
Tembo Global Industries Ltd., through its subsidiary Tembo Classic Engineering Private Limited, operates in the defence and security manufacturing sector, focusing on arms and ammunition production for various calibers in the Indian market.
See more insights into TEMBO stock on TipRanks’ Stock Analysis page.