Tembo Global shares jump 2% after signing Rs 1,000 crore MoU with Maharashtra Government

Tembo Global shares surged 2% after the company signed a Memorandum of Understanding (MoU) with the Maharashtra government, committing to a Rs 1,000 crore investment in defence projects.

Announced on the first day of the World Economic Forum (WEF) in Davos, this move highlights Maharashtra’s growing appeal to major industrial players.

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The investment will focus on enhancing defence infrastructure and production capabilities, creating new employment opportunities and supporting the state’s industrial growth.

Tembo Global’s shares opened at 723.00today, reaching a high of 725.00 and a low of 682.00 during trading. The stock’s 52-week high stands at 905.00, while the 52-week low is 191.35.

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