Stories
Hughes Precision Secures ₹250 Crore for Ammunition Expansion, Targets Medium-Caliber Market
- •Hughes Precision raised over ₹250 crore from family offices and UHNIs to expand ammunition production and enter the medium-caliber segment.
- •The investment will boost small-caliber ammunition capacity from 80 million to 220 million rounds and fund a new 40,000 sqm facility in Goa.
- •The company plans to establish a dedicated manufacturing facility for medium-caliber ammunition (20mm-40mm, NATO and Russian variants) to counter drones and meet global demand.
- •Sanjay Soni, MD, stated the expansion aims to provide cost-effective drone destruction options for armed forces with fragmentation projectiles.
- •Hughes Precision, established in 2020 under "Make in India," supplies to Indian and international defense customers, with an order book exceeding ₹1,000 crore.
Key Questions Answered
Hughes Precision Manufacturing raised over ₹250 crore through primary and secondary investments from family offices and ultra-high-net-worth individuals. The company plans to use this capital to scale its small-caliber ammunition capacity and expand into medium-caliber manufacturing.
Hughes Precision is looking to expand its existing small-caliber ammunition manufacturing capacity from approximately 80 million rounds to 220 million rounds. This expansion is supported by a new 40,000 square meter facility being built in Goa.
The company is expanding into medium-caliber ammunition ranging from 20mm to 40mm because it provides a cost-effective option for destroying low and medium-altitude drones using fragmentation projectiles. Managing Director Sanjay Soni noted that this addresses substantial global and domestic demand from armed forces.
