Hilton Metal Forging Limited has entered into an interim sales agreement for the supply of 360,000 standard 155mm M107 empty artillery shells, marking a significant step in its expansion into the defence manufacturing sector. The contract, valued at approximately ₹720 crore, will be executed over a period of 24 months.
Under the agreement, deliveries will be scheduled at 15,000 units per month, ensuring a steady production pipeline and consistent revenue visibility. The commercial structure includes advance payments aligned with production cycles, providing financial stability and predictable cash flows throughout the contract duration.
This development represents a strategic milestone for the company as it diversifies into high-growth, high-value segments beyond its traditional industrial base. Hilton Metal Forging has built a strong reputation in forging and precision engineering, with proven capabilities in delivering critical components across sectors such as oil and gas, infrastructure, and railways.
The company recently demonstrated its engineering strength through the successful development and supply of forged railway wheels for Indian Railways. This achievement highlights its ability to meet stringent quality and safety standards required for mission-critical applications.
With advanced manufacturing infrastructure and strong metallurgical expertise, Hilton is well-positioned to meet the technical requirements of defence-grade production. Its facilities are equipped to handle complex forging processes while maintaining compliance with global specifications and regulatory standards.
The agreement also allows flexibility for non-exclusive supply, enabling the company to serve additional customers and optimize capacity utilization. This positions Hilton to further strengthen its presence in the global defence supply chain while building a diversified order book.
Commenting on the development, Chairman and Managing Director Yuvraj Malhotra said the agreement reflects the company’s long-term vision to scale its operations in specialized engineering segments. He emphasized that the company is focused on driving sustainable growth through innovation, operational excellence, and disciplined execution.
Once fully underway, the contract is expected to contribute approximately ₹30 crore in monthly billing, providing strong earnings visibility. The company believes this order will act as a catalyst for future opportunities in defence manufacturing and reinforce its position as a reliable partner for high-performance engineering solutions.
