Goa-based defence producer Hughes Precision Manufacturing Pvt. Ltd. has accomplished an investment spherical of greater than Rs 250 crore because it plans to increase its small-calibre ammunition capability and enter the medium-calibre section.

The transaction concerned a mix of major and secondary funding from a bunch of ultra-high-net-worth people (UHNIs). The corporate didn’t disclose the investors or the break up between the first and secondary elements.

Hughes Precision mentioned the funding will help an growth of its present small-calibre ammunition manufacturing capability from about 80 million rounds to 220 million rounds.

It additionally plans to determine a devoted medium-calibre ammunition manufacturing facility, extending its operations past its present small-calibre enterprise.

The brand new facility will permit it to deal with a wider vary of necessities from the Indian Armed Forces and abroad defence prospects.

Order ebook crosses Rs 1,000 crore

The growth comes as Hughes Precision stories a rising order ebook throughout its home and export companies.

Its order ebook has crossed Rs 1,000 crore, with about 60% of orders coming from the Indian market and the remaining 40% from exports.

Home orders embrace necessities from the Indian Military, police and paramilitary forces, in response to the corporate.

The prevailing order ebook is anticipated to be executed over roughly the following two years.

Sanjay Soni, Managing Director of Hughes Precision, mentioned the funding will permit the corporate to increase its present manufacturing capability whereas shifting into medium-calibre ammunition.

“The brand new capital permits us to maneuver into the following section of that journey – considerably increasing our small-caliber capability, coming into medium-caliber ammunition and persevering with to put money into manufacturing, high quality, know-how and folks. Our ambition is to construct Hughes Precision into probably the most revered ammunition producers globally whereas contributing meaningfully to India’s goal of changing into more and more self-reliant in defence manufacturing,” Soni mentioned.

Increasing ammunition manufacturing

Hughes Precision was included in 2016 and manufactures and provides ammunition for defence, law-enforcement and worldwide markets.

Its manufacturing facility is situated on the Verna Industrial Property in Goa. The corporate provides prospects in India in addition to abroad markets.

In March 2026, Hughes Precision’s in-house analysis and growth unit was formally recognised by the Division of Scientific and Industrial Analysis (DSIR), Authorities of India.

The corporate was additionally recognised on the SIDM Champion Awards in 2025 for its defence export efficiency, with the award offered by Defence Minister Rajnath Singh.

STEER Advisors acted as the only real advisor to Hughes Precision on the funding transaction.