Tembo Global Industries Raises INR 316.7 Crores to Accelerate Growth in EPC, Defence and Infra Projects Segment
Tembo
Global Industries Limited, is pleased to announce the successful completion of
an INR 316.7 crore fundraise through a combination of preferential issue of
equity shares and share warrants. This strategic capital infusion received an
overwhelming response from various investors and includes contributions from
the company’s promoters and strategic investor Mohammed Abdul Nayeem, Founder
& Chairman of Masah Construction Company, Saudi Arabia.
Of
the total amount raised, approximately INR 198.7 crores were secured through
preferential allotment to various funds and high-net-worth investors. An
additional INR 118 crores were infused via share warrants by the promoters and
strategic partner, reinforcing their long-term commitment to Tembo’s growth
vision.
The
funds will be deployed towards capital expenditure initiatives across Tembo’s
core EPC business and its recent diversification into high-potential defence
industry. These sectors represent significant opportunities given their large
addressable markets and strategic importance to India’s infrastructure and
energy security goals.
Commenting on the fundraise, Managing Director of Tembo
Global Industries, Mr. Sanjay J. Patel said:
“We are deeply encouraged by the strong investor confidence in Tembo’s strategic
direction. This capital will be instrumental in executing our growth roadmap,
particularly in expanding our EPC capabilities and scaling our presence in the
defence and infra projects sector. These industries are poised for exponential
growth, and Tembo is actively positioning itself to be a key player in shaping
their future. We thank our investors and partners for their trust and look
forward to delivering long- term value. Tembo Global remains committed to
innovation, operational excellence, and sustainable growth as it embarks on
this next phase of expansion.”