TWO SMALL-CAP COMPANIES THAT HAVE ANNOUNCED CAPEX FOR EXPANDING INTO DEFENSE OPERATIONS

Two small-cap companies have announced fresh capital expenditure plans to strengthen and expand their defence manufacturing operations amid rising opportunities in the sector. The companies are

and . will invest up to Rs 200 crore over the next 3-5 years as part of it's entry into the defence manufacturing business. will invest up to Rs 230 crore by Dec27 for the establishment of a defence manufacturing facility in Andhra Pradesh for the production of Multi-Mode Hand Grenades (MMHG) and similar defence products.