Aerospace

N Chandrababu Naidu seeks investments in Andhra's aerospace sector

Andhra Pradesh Chief Minister N Chandrababu Naidu urged industries to generate power within factory premises and invest in the state's aerospace sector

Skyroot Aerospace raises $60 mn, becomes a unicorn valued at $1.1 bn

Skyroot Aerospace has raised nearly $60 million at a $1.1 billion valuation as the private space company prepares for the maiden launch of its Vikram-1 orbital rocket

Godrej Enterprises' commercial aviation biz eyes 15-20% growth till FY32

The company is developing in-house design platforms for key components as it shifts from a build-to-print model to a design-led player higher up the value chain

Best of BS Opinion: Government must expedite board appointments at PSBs

Today's Opinion wrap tracks RBI's bank board concerns, India's satellite strides, gaps in economic guidance, China's consumption debate, and a memoir on rural farming journeys

Ravi K assumes charge as CMD of HAL, succeeds DK Sunil at aerospace PSU

State-run aerospace behemoth HAL on Friday said Ravi K has assumed charge as the 22nd Chairman and Managing Director of the company. He succeeded D K Sunil, who superannuated on April 30. Ravi brings over 30 years of experience across various sectors such as A&D, manufacturing and electronics, the Hindustan Aeronautics Limited (HAL) said in a release. Prior to this, he was the Director (Operations) at HAL, where he led strategic planning and played a key role in securing HAL's Maharatna status. "My vision is to transform HAL into a globally competitive aerospace and defence enterprise, driven by innovation, Artificial Intelligence (AI), operational excellence, and people," Ravi said. He has held key leadership roles, including Executive Director and General Manager of the LCA Tejas Division, as well as Executive Director (Corporate Planning). During his tenure, he concluded various big-ticket contracts for HAL, such as the contract to supply 180 LCA Tejas to the Indian Air Force,

MTAR soars 12% in weak market, up 83% in April; what's driving the stock?

MTAR, as Bloom's key supplier of critical hot box assemblies (commanding 60-70 per cent wallet share), is not merely a beneficiary of this theme but an irreplaceable enabler of it, MOFSL said.

GE Aerospace to set up F404 engine depot for Indian Air Force Tejas fleet

The depot facility will be owned, operated, and maintained by the Indian Air Force, with GE Aerospace providing technical inputs, training, support staff

India, Brazil set to sign pharma, aerospace, trade pacts during Lula visit

India and Brazil are poised to sign private-sector agreements across pharma, aerospace, ethanol and trade during President Lula's visit, as both nations expand cooperation in critical minerals and AI

Five-year engine R&D push crucial for strategic autonomy: Rajnath Singh

Calling Bengaluru a global symbol of innovation and skilled manpower, Singh said the city and GTRE will play a crucial role in India's journey towards becoming a developed nation by 2047

TN signs MoUs for ₹5900 cr investment in semiconductor, aerospace sectors

The Tamil Nadu government on Monday signed two separate Memoranda of Understanding (MoUs) with Japanese electronics major MinebeaMitsumi and Bengaluru-based Aequs Group, involving a combined investment of Rs 5,980 crore. The agreements, signed in the presence of Chief Minister M K Stalin at the Secretariat, here, are expected to generate employment for 8,400 people across the semiconductor and aerospace sectors, an official release said. NMB Minebea India Private Limited, a subsidiary of Japan's MinebeaMitsumi, has committed an investment of Rs 1,980 crore to establish a manufacturing and research and development centre in Tiruvallur district. The facility, to be located at the Mahindra Origins Industrial Park, will focus on a complete manufacturing ecosystem for high-value semiconductors, including Insulated-Gate Bipolar Transistors (IGBT) and Integrated Circuits (IC), as well as motors and sensors. This project is slated to create 1,400 jobs, with more than 40 per cent of the role

India's next Cloud layer could orbit above Earth as AgniKul prepares AI hub

Chennai-based space tech start-up will use its patented upper-stage platform to host AI data modules in orbit, with NeevCloud as its first customer

Trade deals, capex push boost India's aero, defence outlook: Goldman Sachs

Goldman Sachs highlighted three major tailwinds for the sector, including an 18 per cent Y-o-Y increase in capital procurement in the Union defence budget for FY27, and the proposed India-EU FTA

China must solve its jet engine puzzle to challenge Airbus, Boeing

A brief US ban on jet engine exports left Comac far short of its C919 delivery targets, showing China's dependence on GE-Safran engines amid trade tensions

Defence tech hiring in India doubles to 7K in past 3 years: CIEL HR study

The study showed that growth has been consistent year-on-year rather than driven by short-term spikes, reflecting long-cycle modernisation and indigenisation programmes

IAN Alpha Fund invests ₹25 crore in D-Propulse to boost testing, R&D

D-Propulse is building an indigenous rotating detonation engine (RDE)-based propulsion system

Avantel shares plunge 10% as Q3 profit slumps 86%, revenue slides

Avantel's revenue from operations came in at ₹51.71 crore in Q3FY26, down 26.83 per cent from ₹70.68 crore in the December 2024 quarter

TASE Global inaugurates ₹150 crore aerostructures facility near Chennai

New Sriperumbudur unit marks company's entry into global aerostructures market, adds export capacity and skilled jobs

Bharat Forge secures drone supply orders for armed forces worth ₹300 crore

Diversified group Bharat Forge on Friday said its aerospace division has secured contracts worth approximately Rs 300 crore to supply drones. These contracts for the Indian Army and Navy cover a range of indigenous unmanned systems, including Intelligence, Surveillance, and Reconnaissance (ISR) platforms and loitering munitions, Bharat Forge Ltd. said. The drone platforms -- Omega One, Omega Nine, Bayonet, and Cleaver -- are developed for India to meet urgent operational requirements across diverse terrains and mission profiles, it added. The company said its unmanned (vehicle) portfolio is evolving rapidly, with advanced autonomy, artificial intelligence, and data-driven decision-making progressively integrated across platforms. These enhancements boost mission endurance, precision, survivability, and adaptability in contested and dynamic operational environments, it said. "This dual achievement, securing EP-VI contracts and showcasing Omega One on Army Day, reaffirms BFL's ...

CoreEL gets $30 million Series B to support aerospace defence projects

Bengaluru-based aerospace and defence technology firm CoreEL Technologies has raised $30 million in Series B funding to scale manufacturing in large defence programmes in India and overseas