HBL Power Systems to invest Rs 1.5 bn in defence imaging company Tonbo

15 Feb 2023 CW Team

Tonbo Imaging India, a specialist in imaging systems, would get an investment from HBL Power Systems up to Rs 1.5 billion in the form of compulsorily convertible preferred shares.

Subject to a few requirements being met, HBL will also make a small investment in Tonbo Singapore over the course of three tranches. Tonbo Imaging India is a domestic manufacturer and designer of imaging systems for targeting, surveillance, and research. The business claimed that it provides cutting-edge electro-optics equipment to more than 25 nations, including the home and defence ministries of India.

Tonbo possesses the intellectual property strategy and development capabilities that HBL has been looking for in the field of defence electronics.

The eyes and brain of surveillance platforms and weapon systems are electro-optics and imaging subsystems.

According to Tonbo, it has pioneered the acquisition of images using machine learning and computational imaging.

The business will use the investment from HBL to keep extending its global footprint in the defence markets. Also, it would hasten the development of new products for extensive end platforms.

HBL adds to the partnership its full production infrastructure for electronics, mechanical systems, assembly, and testing, in addition to the equity commitment. This will make it easier for Tonbo to meet the significant expansion in our order book with product deliveries.

Also read:
Chakan MIDC's infrastructure being upgraded by the power utility
Nepal, India agrees to allow export of power longterm basis

Infrastructure Transport

14 Oct 2025

Versova-Dahisar Coastal Road Project to Impact 1,200 Trees

The Versova-Dahisar Coastal Road Project in Mumbai will affect over 1,200 trees, according to the Brihanmumbai Municipal Corporation (BMC). Of these, 990 trees will be replanted, while the remaining will be cut down due to construction requirements. The project, which forms a key extension of the on-going Mumbai Coastal Road corridor, aims to ease traffic congestion in the western suburbs and enhance north-south connectivity along the city’s coastline. The BMC has assured that replantation efforts will be carried out in designated areas to maintain ecological balance and offset the environm..

New Entry-Exit Planned on Vadodara–Mumbai Expressway near Ankleshwar

The Vadodara–Mumbai Expressway is set to get a new entry and exit point near Ankleshwar, aimed at improving regional connectivity and reducing travel time for commuters in south Gujarat. The new interchange, proposed by the National Highways Authority of India (NHAI), will offer smoother access to nearby industrial and residential areas. The project forms part of the Bharatmala Pariyojana initiative, designed to strengthen India’s expressway network and boost economic corridors. Once operational, the new interchange is expected to enhance logistics efficiency by offering improved freight..

PMRDA Launches Rs 5,580 Mn Road Upgrade Plan to Ease Chakan Traffic

The Pune Metropolitan Region Development Authority (PMRDA) has launched Rs 5,580 million road infrastructure upgrade plan to address severe traffic congestion in the Chakan industrial region. The initiative aims to improve connectivity between Pune and major industrial hubs, including Talegaon, Moshi, and Alandi. Under the plan, PMRDA will widen existing roads, construct new link roads, and improve junctions across the Chakan–Talegaon and Moshi-Alandi corridors. These measures are expected to streamline the movement of goods and workers, benefiting the area are automotive and manufacturing ..