Business Standard
Thursday, Sep 09, 2010
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Smart Portfolios III | Commodities
  Search:

Rolls-Royce scouts for second partner
Ravi Menon / Chennai/ Bangalore November 20, 2009, 0:28 IST

Rolls-Royce is looking to add a second engineering and design services firm in India to cater to its design requirements. Under the government’s $10-billion defence programme, Rolls-Royce has a commitment to offset 50 per cent of its research and development requirements to Indian design companies.

The British aerospace giant is understood to be in the process of rolling out a series of new engine design, analysis and development programmes and is looking at roping in an additional partner to handle its sub-contracting requirements, sources aware of the development said.

 Click here to visit SME Buzz
 
 
Related Stories
News Now
-Rolls-Royce scouts for second partner
-Who'll ride the Ghost?
-Natural gas fuelled aircraft completes six-hour flight
-Seven Up
-Rolls-Royce posts 1.34 bn pound loss in 2008
-QuEST to expand centre for Rolls-Royce
Rolls-Royce India did not respond to queries emailed to them. The company’s technical partner in India, QuEST Global, is a Rs 380-crore Bangalore-based engineering services firm, which has been running a dedicated engineering development centre for Rolls-Royce since 2005.

“In line with their growing business requirements and need to develop affordable aero engineering solutions, Rolls-Royce is looking at roping in a engineering design services firm based in Bangalore. The company is also looking to derisk its outsourced design portfolio by allotting work to more than one vendor. It is presently in the process of shortlisting potential sub-contracting partners from among three companies,” sources said, without naming the companies shortlisted.

Sources added that the four global market sectors of the Rolls-Royce group - civil aerospace, defence aerospace, marine and energy (including the services business) - are likely to outsource engineering services to the new partner after the selection process is complete.

QuEST is in the process of expanding its Rolls-Royce venture from 350 people to 500 by March 2010. QuEST supports Rolls-Royce’s various aerospace engine programmes, and has also undertaken work on new development programmes including the XWB engine, which will power the new generation A350 aircraft.

Rolls-Royce recently set up a new purchase office in Bangalore to further drive its procurement plans in the country.

Rolls-Royce has also had a licence production partnership with Hindustan Aeronautics Limited (HAL) in Bangalore since 1956. From manufacturing the Orpheus engine in 1956, HAL has evolved into a key partner for Rolls-Royce and has been involved in the maintenance of the Avon, Adour, Gnome and Dart aero engines as well as Avon and 501 K industrial gas turbines.

HAL is now set to manufacture the Adour 871 engine for the new Indian Air Force Hawks under a new licence agreement with Rolls-Royce which has also set up a purchase office in Bangalore (HAL) to increase its sourcing activities in India.

Arrow Other Stories     
- Markets tiring out
- Nickel falls 1.48% in futures trade
- Google, Bing bow out as China grants map service licenses
- Copper futures succumbs to profit-booking, global cues
- Sonia for balanced approach in land acquisition
More  
  Read Business news in 
   Building the engines of a Smarter Planet.
   Zero Annual Fee Citibank Credit Card. Apply Now!
   Validate your Market Information... Click to know more...
   Banking Solutions that are a perfect fit. Know more
   Your 1st Step in Share markets with Sharekhan!
   Click here to visit Business Standard SME Buzz
   Required telecallers in Mumbai full time or part time...
   5lacs to invest? Contact Sharekhan's PMS Advisor
  GiftwithLove.com: Same Day Delivery of Flowers/ Cake/Gift in India
Markets Update Powered by   
   Smart Moves More 
 CompanyLast (Rs)  Remarks
 State Bank of India2,963.00   Banking shares in limelight on growth prospects
 BASF India Ltd616.40   Touches a lifetime high ahead of board meet for Scheme of Amalgamation
 Lanco Infratech Ltd70.40   Gains on news of financial closure for Orissa project costing Rs 6930 cr
 Hindustan Unilever Ltd277.15   Rises on hike in product prices
   Top Gainers
Company Last (Rs) Gain (%)
St Bk of India 2,964.05 2.41 
HDFC Bank 2,232.00 2.28 
M & M 647.00 1.83 
 
   Top Losers
Company Last (Rs) Gain (%)
Cipla 305.70 -1.92 
Tata Motors 1,013.90 -1.73 
Sterlite Inds. 165.15 -1.31 
   Expert Speaks
Priya
'India should grow faster than China next year'
Adrian Mowat, MD and Chief Emerging Market Strategist, JP Morgan
   Live Commentary
- India Infoline Research: Buy Tata Sponge Iron with CMP Rs 352, Target Rs 413, see Upside 17.2%
- Buy Bank of India for target of Rs 495 and stop loss of Rs 460, says Rashmi Mohta, Technical Analyst, on Zee Business.
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Indian IT may remain immune to Ohio ban
- Rs 12,000-cr tax blow for Vodafone on Hutch deal
- India's democratic Caesars
- NHAI fails to receive bids for 17 highway projects
- Sun's 3-yr wait may be worth it
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should the govt enforce CSR on companies?   Read the story
  Yes  No
Submit

  Hot Searches  
 
Navi Mumbai airport |  CAT 2010 |  sks microfinance |  Orkut |  Nuclear Liability Bill |  noel tata |  US economy |  income tax refund |  Mahindra Satyam |  Kashmir |  Union Carbide |  Cairn India |  iPhone |  Rupee Symbol |  IFCI bonds |  Reliance Industries |  3G  |  SEBI |  ULIP |  iPad |  IPL |  BSNL |  Coal India IPO |  BSE |  NSE |  Amitabh Bachchan |  Mukesh Ambani |  Anil Ambani |  Bollywood |  TCS |  Infosys |  Pranab Mukherjee |  Maruti Suzuki |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Service tax |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback