1. Greenfield defense facility at Butibori - The board approved a ₹250 cr investment for a greenfield defense manufacturing facility, and on 16-17 June 2026 the company executed a lease deed for 33,040 sqm of land at Butibori Industrial Area, Nagpur, for ₹14 cr. This opens a new, large-addressable-market vertical in export-oriented defense components, with management citing Europe's materially enhanced defense spending as a demand driver.
2. Machining capacity expansion - Management is planning to expand machining capacity and replace old forging equipment as a focus area for the coming year, after adding CNC turning centres, VMCs, and turn-mills during FY25 to meet rising demand for finished machined components and sub-assemblies. More in-house machining shifts the product mix toward higher-value finished parts, which typically carry better realisations than bare forgings.
3. Export growth from China de-risking - Exports rose 18% to ₹148 cr in FY25, now about 50-55% of finished goods, as countries reduce dependence on China post-COVID and India signs new free-trade agreements. The company's ability to ship within two days helps it capture orders from global customers seeking shorter, more reliable supply chains outside China.
4. Nami Capital amalgamation - The NCLT Mumbai Bench has directed a shareholders' meeting to approve the amalgamation of Nami Capital Private Limited with PML, following BSE's in-principle no-adverse-observation letter dated 15 July 2025. The scheme simplifies the group structure and brings NCPL's steel-trading and securities-investing activities under the listed entity without cash outlay, potentially improving consolidated resource utilisation.
5. Solar plant adds low-cost captive power - The 3 MW land-based solar plant, acquired for \~₹12 cr and operational since FY24, generates 4.5 million KWh per year at a cost substantially below MSEB's grid tariff, with a 5-year expected payback and a 25-year generation guarantee. Together with the existing 2.1 MW windmill, the company now runs 100% on renewable captive power and produces surplus electricity, which structurally lowers the energy cost base of the forging operations.
6. Forging equipment modernisation - A new 16 KJ CNC hammer was installed in FY25 at a capital cost of \~₹17.5 cr, replacing an old pneumatic hammer, and new 7-ton and 0.75-ton hammers are in operation to minimise energy consumption. Modern hammers and four additional electric induction heaters reduce cycle times and energy cost per unit of output, lifting throughput and margin potential in the core closed-die forging segment.