India's Tamboli Industries gains after unit secures long-term supply programme

Tamboli Industries

12/10/2026 09:57

** Shares of India's Tamboli Industries TAMB.NS rise 4.9% to 304.95 rupees
** Precision engineering and metal castings co says unit Tamboli Castings secured component development and long-term supply programme from a Fortune 100 global original equipment manufacturer
** Adds programme expected to generate recurring annual revenue of about 20 million rupees ($208,986) after full transition over the next two to three years, subject to customer approvals and requirements
** More than 28,907 shares change hands, about 3.4x the 30-day average volume - LSEG-compiled data
** Stock up 80.2% since trading debut on April 20



($1 = 95.7000 Indian rupees)

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))