Raymond Limited’s aerospace subsidiary has won significant new business from a leading Indian aerospace and defence major. The orders cover precision machining, castings, and assemblies, with an estimated annual business potential of ₹33 crore. Production is set to commence progressively across 2026 and 2027, expanding the company’s participation in the domestic aerospace ecosystem.
Raymond Secures New Aerospace Business
Raymond Limited announced today that its aerospace subsidiary has secured significant new multi-programme aerospace orders from a prominent Indian aerospace and defence company. This development marks a notable expansion for Raymond’s engineering division, reinforcing its strategy to build a scaled, high-precision manufacturing platform in India.
Key Contract Details
The newly acquired business encompasses a wide range of aerospace components, including precision machining, aerospace castings, structural components, and complex assemblies. The award covers more than 300 part numbers across various aircraft applications, with projected annual volumes exceeding 37,000 components. The annual business potential from these orders is estimated at approximately ₹33 crore, with production scheduled to begin progressively in 2026 and 2027.
Strategic Importance and Future Outlook
Mr. Rakesh Tiwary, Group Chief Financial Officer of Raymond Limited, highlighted the strategic importance of this win, stating, “This order win sits squarely within the product mix optimisation we have identified as a core margin lever.” He further added that the award reaffirms the company’s strong manufacturing capabilities across the value chain and enhances its capture rate per programme. The development also broadens Raymond’s customer base within India’s growing domestic aerospace sector, which has historically been export-led.
These new orders are expected to further strengthen the company’s multi-year aerospace order pipeline, underscoring Raymond’s commitment to its engineering business and its role in the domestic defence and aerospace manufacturing landscape.
About Raymond Limited’s Engineering Business
Raymond Limited, since its inception in 1925, has diversified beyond its textile origins into sectors including engineering and real estate. Following the acquisition of Maini Precision Products Limited (MPPL) in 2023, its engineering business has expanded into the aerospace and defence sector, alongside EV components. The company now operates with two core verticals within its engineering division: Precision Technology & Auto Components, and Aerospace & Defence. It serves a global clientele across over 60 countries, with exports contributing significantly to its total business.
Source: BSE
