Tirupati Forge Ltd is investing ₹67 crore in CAPEX for the defence manufacturing facility. Commissioning in Q4FY26 and commercial production in Q1FY27, this plant is projected to achieve a 4x asset turnover and over 25% EBITDA margin, significantly boosting current profitability. Additionally, a 4.8 MW solar plant (commissioning May 2025) will generate ₹5 crore in annual savings.