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Lokesh Machines Limited has obtained a ₹22 crore contract from the Ministry of Defence's Advanced Weapons and Equipment India (AWE India) to supply 99 mm machine pistol sub-assemblies and components, crucial for modern infantry operations. The order, valued at ₹22,00,46,400, must be completed by 19 March 2026, aligning with the Indian armed forces' Atmanirbhar Bharat initiative for indigenous sourcing.

This contract marks Lokesh Machines' strategic shift towards the high-margin defence sector, leveraging its high-tolerance machining expertise. The deal is expected to enhance the company's revenue and profitability in the current fiscal year while supporting India’s goal of 70% indigenisation in small arms by 2030. The absence of related-party transactions also reinforces investor confidence, as the company navigates challenges like supply chain disruptions.