A significant portion of the new capital will support Hughes Precision’s entry into medium-caliber ammunition manufacturing, representing an important expansion of the Company’s product portfolio beyond its established small-caliber business.
The expansion represents a natural progression of Hughes Precision’s strategy – building from a strong small-caliber manufacturing base into a broader ammunition platform capable of serving multiple segments of the defence market.
The investment comes at a time when India is placing increasing emphasis on indigenous defence manufacturing while simultaneously seeking to expand defence exports.
For Hughes Precision, the strategy is built around both opportunities: serving India’s growing domestic defence requirements while developing internationally competitive products for global customers. The Company believes that increasing manufacturing scale, broadening its product portfolio and continuing to invest in quality and technology will position Hughes Precision for its next phase of growth.
The expansion is supported by strong demand visibility. Hughes Precision recently announced that its order book has crossed ₹1,000 crore, with approximately 60% of orders from the Indian market and 40% from exports.
Domestic orders include requirements from the Indian Army, Police and Paramilitary Forces, while the export order book reflects the Company’s expanding international customer base. The current order book is scheduled for execution over approximately the next two years.
Hughes has the largest range of calibers in small caliber ammunition to offer to its customers. Hughes is India’s only manufacturer and exporter of critical high precision sniper ammunition used by Special Forces.
Sanjay Soni, Managing Director of Hughes Precision, said, “The next phase of our journey. This investment marks an important milestone in Hughes Precision’s journey. We started with a clear objective – to build an Indian ammunition company capable of manufacturing products to the highest international standards. Over the last decade, we have built our capabilities step by step, developed an international customer base and demonstrated that an Indian private-sector company can compete successfully in global ammunition markets.”
He further said, “The new capital allows us to move into the next phase of that journey – significantly expanding our small-caliber capacity, entering medium-caliber ammunition and continuing to invest in manufacturing, quality, technology and people. Our ambition is to build Hughes Precision into one of the most respected ammunition manufacturers globally while contributing meaningfully to India’s objective of becoming increasingly self-reliant in defence manufacturing.”
