1. US export order for machined forgings - A $3.90 million export order from an American customer was secured. At roughly ₹33 crore, this single order equals 18% of last reported annual revenue, lifting utilisation toward the ₹300 crore plant capacity with no major capex required.
2. Railways - developmental orders scaling to production - Two developmental orders were in manufacturing, with a third order just received, and dispatches scheduled December through February, and a consultant with 20 years of railway experience hired for sales. Management targets ₹35-40 crore railway turnover in FY27, which would add roughly 20% to the current revenue base from a segment that barely contributed before.
3. 120MM HE bombshell - bulk production cleared - Samples were proof-tested and bulk production clearance received, with a ₹27 crore order book and a ₹7.68 crore purchase order from Munitions India Limited already secured. Defence orders carry government counterparty certainty and move the company into a recurring-supply product line with established approvals.
4. 155MM bombshell - tenders quoted, capacity ready - The 155MM bombshell is developed, tenders have been quoted to Ordnance Factory Kanpur, and discussions are underway with Adani Defence, Reliance, Tata and export filling plants. Existing capacity of 5,000-6,000 units per month means any tender win converts quickly to revenue without fresh capex.
5. Tank tracks - order secured from Armoured Vehicles Nigam - A ₹6.03 crore purchase order for tank tracks was received from Armoured Vehicles Nigam Limited, adding to the defence order book beyond bombshells. It diversifies the defence revenue stream across multiple products and government customers.
6. Munish Defence Solutions subsidiary - A dedicated defence subsidiary is being incorporated with 74% company ownership and promoter co-investment at face value. A ring-fenced entity signals intent to scale defence separately and could attract partnerships or preferential procurement status over time.
7. Flanges - large export inquiry - An inquiry worth approximately $2 million was received from an old customer. Conversion would add roughly ₹17 crore of revenue from an existing relationship, requiring no new customer acquisition cost.