Lokesh Machines Secures ₹22 Crore Defence Contract for 99 mm Machine Pistol Components
Lokesh Machines Limited has secured a ₹22 crore contract from the Ministry of Defence to supply components for 99 mm machine pistols, with a completion deadline of March 19, 2026. This contract supports India's Atmanirbhar Bharat initiative by promoting indigenous sourcing and is expected to boost the company's revenue and profitability while contributing to the goal of 70% indigenisation in small arms by 2030. The absence of related-party transactions further strengthens investor confidence amid ongoing supply chain challenges.
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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.
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