Order Details
Raymond Limited's aerospace subsidiary secured significant new aerospace business from a leading Indian aerospace and defence major during the quarter. The award covers more than 300+ part numbers spanning precision machining, aerospace castings, structural components and complex assemblies across multiple aircraft applications.
Volume and Value Metrics
- Annual volumes exceeding 37,000+ components
- Annual business potential of approximately ₹33 crore at expected production rates
- Production commences progressively across 2026 and 2027
Strategic Significance
The order win extends the Company's participation across a wider portion of the aerospace value chain beyond single-stage manufacturing. The scope includes precision machining, aerospace castings, structural components and complex assemblies.
Management Commentary
Mr. Rakesh Tiwary, Group Chief Financial Officer, Raymond Limited, stated:
- The order win sits squarely within the product mix optimization identified as a core margin lever
- Reaffirms the strong manufacturing process that spans across machining, castings, structures and assemblies
- Raises capture rate per programme and improves the quality of the multi-year backlog
- Broadens customer base into India's growing domestic aerospace ecosystem (previously predominantly export-led business)
- Further strengthens the Company's multi-year aerospace order pipeline
- Reinforces strategy of building a scaled, high-precision aerospace and defence manufacturing platform in India
Company Background
Raymond Limited, with inception in 1925, now has two core verticals within the Engineering business after demerging Lifestyle Business and Real Estate:
- Precision Technology & Auto Components
- Aerospace & Defence
The engineering business forayed into Aerospace & Defence and EV components through the acquisition of Maini Precision Products Limited (MPPL) in 2023. The company serves a global customer base across more than 60 countries with exports contributing over 50% to total business.