Announced Fri, 15 May · 15:51 IST

Press Release titled "Globe Forge Limited to unveil a Landmark Defence Manufacturing Hub in Shirdi on 23rd and 24th May, 2026" dated 14th May 2026.

Greenfield CommissionedCapex & Operations View source PDF

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AI summary

Global Defence Industries Limited's subsidiary, Globe Forge Limited, is set to inaugurate a new defence manufacturing complex in Shirdi, Maharashtra on 23rd-24th May 2026. The event will be graced by the Hon'ble Raksha Mantri. The facility features a state-of-the-art artillery shell production line with an annual capacity of approximately 5,00,000 shells, claimed to be the largest in India's private sector for artillery shell manufacturing. The complex will focus on defence and aerospace manufacturing, supporting India's Atmanirbhar Bharat and Make in India initiatives. The project is expected to generate large-scale employment, empower local MSMEs, and contribute to Maharashtra's emergence as an advanced manufacturing hub.

Likely market impact

This is a positive development for Global Defence Industries as the commissioning of this greenfield facility significantly expands its defence manufacturing capabilities. The 500,000 annual artillery shell capacity positions the company as a key player in India's indigenous defence production ecosystem.