Hilton Metal Forging Limited has informed the Exchange regarding a press release dated March 26, 2026, titled "Hilton Metal Forging Limited Enters into Interim Sales Agreement for Supply of 360,000 Standard 155mm M107 Bomb Artillery Shells (Approx Value Rs. 720.00 Cr)".
HILTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hilton Metal Forging has signed an Interim Sales Agreement to supply 360,000 empty 155mm M107 bomb artillery shells over a 24-month period, valued at approximately Rs. 720 crore. Deliveries will be structured at 15,000 units per month, translating to roughly Rs. 30 crore in monthly billing. The buyer is registered with relevant defence authorities, and payment terms include a rolling advance equal to 50% of three months' supply. The agreement is interim in nature and will be converted into a definitive contract upon successful prototype clearance. The order marks the company's formal entry into defence manufacturing, complementing its existing railway wheel supplies and forging business.
This is a large, multi-year order that provides strong revenue visibility and stable monthly cash flows, likely to be materially significant relative to the company's current scale. Entry into defence manufacturing diversifies the revenue base and positions the company in a high-growth, high-margin vertical, which should be viewed positively by shareholders. However, the agreement is interim and subject to prototype approval, so execution risk remains.