Hughes Precision Raises ₹250+ Crore to Accelerate Ammunition Manufacturing Expansion
Hughes Precision Manufacturing has secured over ₹250 crore in funding to expand its ammunition production capabilities. The company plans to increase small-caliber output and establish a new facility for medium-caliber ammunition to serve both domestic and international markets.
Why it matters
This investment highlights the growth of India's private defence sector and the government's push for indigenous manufacturing and increased defence exports.
Goa-based defence manufacturer to establish medium-caliber ammunition manufacturing capability
PANAJI, India , Sept. 23, 2026 /PRNewswire/ -- Hughes Precision Manufacturing Pvt. Ltd., one of India's growing private-sector ammunition manufacturers, has completed an investment round of ₹250+ crore through a combination of primary and secondary investment from a group of marquee ultra-high-net-worth individuals (UHNIs).
The investment will support the Company's next phase of growth, including the expansion of its existing small-caliber ammunition manufacturing capacity from approximately 80 million rounds to 220 million rounds and the establishment of a dedicated medium-caliber ammunition man ufacturing facility .
Strategic entry into medium-caliber ammunition
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.
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