Page 2 - Aerospace

Rossell Techsys' Board to raise ₹300 crore via QIP, other instruments

Aerospace and defence engineering solutions provider Rossell Techsys on Monday said its Board has approved a proposal to raise up to Rs 300 crore through various instruments, including QIP, to fuel its next phase of growth. Rossell Techsys said it anticipates growth opportunities in its existing operations and continues to evaluate avenues for organic expansion. Rossell Techsys Limited's Board of Directors has approved a fundraise of up to Rs 300 crores. The capital will be raised through the issuance and allotment of fully paid-up equity shares and/or other eligible securities, including through a Qualified Institutions Placement (QIP), in accordance with applicable law, the company said in a statement. It has already initiated a postal ballot seeking shareholder approval, with e-voting scheduled from November 4 to December 3. "This capital infusion will support the company's growth and capability expansion plans and strengthen our financial position, enabling us to continue build

HAL's R&D capabilities set for a boost with new manual, global benchmarks

HAL's new R&D manual to be unveiled Monday; Rs 17,000 crore in internal funds already earmarked for R&D investment over the next few years

Why did Unimech Aerospace share zoom 5% on Muhurat 2025 trading? Details

At 1:48 PM, Unimech Aerospace share price was trading 3.13 per cent higher at 970.15 per share. By comparison, BSE Sensex was trading 0.29 per cent higher at 84,607.02 levels.

BEML, Kineco partner to develop advanced composites for defence, aerospace

State-owned BEML has partnered with Kineco Ltd to work in the field of advanced composite manufacturing for defence and aerospace applications. The Memorandum of Understanding (MoU) was exchanged in the presence of BEML CMD Shantanu Roy, and Shekhar Sardessai, Founder and CMD, Kineco Limited, along with senior officials from both organisations in the national capital. As part of the collaboration, BEML and Kineco will jointly engage in the development and manufacturing of carbon fibre reinforced polymer (CFRP) structures, glass fibre reinforced polymer (GFRP) panels and components, honeycomb cores, foams, and bonding consumables for metallic detail parts. These advanced materials are integral to next-generation aerospace and defence systems, offering lightweight strength, enhanced durability, and superior performance. "By integrating Kineco's composite manufacturing expertise with BEML's engineering excellence, we aim to create world-class solutions that reinforce India's pursuit o

TASE Global acquires US aerospace firm Joined Alloys for Rs 106 crore

The Chennai-based aerospace and precision engineering firm expands its North American footprint with the acquisition of Arizona-based Joined Alloys

Raymond Group to invest ₹1,000 crore in aerospace, auto units in Andhra

The projects in Andhra Pradesh's Anantapur district will create 5,400 jobs and receive Rs 695 crore in incentives as Raymond expands its aerospace and auto footprint

Mukul Agrawal portfolio: PTC Industries stock soars 9%, nears record high

PTC Industries has rallied 25% in the last one month; the Aatmanirbhar Bharat initiative, coupled with increased budgetary allocations and higher indigenisation targets bodes well for the company.

Goldman Sachs turns bullish on India's aerospace, defense sector

Among individual stocks, Solar Industries, Bharat Electronics, Data Patterns and PTC Industries are Goldman Sachs' top buy ideas, while Bharat Dynamics has been rated Sell'.

Tamil Nadu to host global aerospace and defence meet in Chennai in Oct

Tamil Nadu will host Aerospace and Defence Meetings in Chennai from October 7 to 9 as part of its Defence Industrial Corridor plan to attract investments and boost domestic manufacturing

GE Aerospace bets on AI, sees big success finding talent in India

Working on innovative aircraft engine technologies, GE Aerospace is using artificial intelligence to explore design space much more efficiently and ensure improved predictability for maintenance of engines, according to a senior company official. And the 25-year-old John F Welch Technology Centre (JFWTC) in Bengaluru, one of the company's largest integrated multi-disciplinary research and development centres outside the US, is a key contributor in the aerospace major's innovative and sustainable solutions. As Alok Nanda, Chief Technology Officer of GE Aerospace in India, puts it, all the engines launched or certified by GE since the inception of this centre have an imprint from the team in Bengaluru, and the company had "great success with finding talent in India". The team has more than 1,000 aviation technology patents to its credit, besides contributions to the design, development, and certification of CFM LEAP, GEnx, and GE9X engines that power wide-body and narrow-body commerci

TN secures investments worth ₹30,000 cr in shipbuilding sector: TRB Rajaa

Tamil Nadu has attracted investments worth Rs 30,000 crore to set up two shipyards in Tuticorin district, a move expected to see creation of around 55,000 jobs, Minister for Industries TRB Rajaa said on Saturday. The Minister recalled Chief Minister M K Stalin's comments at the TN Rising-Tuticorin conclave in August, where he pledged to esablsih a company to promote shipbuilding sector in the state. Following the announcement, State Industries Promotion Corporation of Tamil Nadu (SIPCOT) and V O Chidambaranar Port Authority signed a Memorandum of Understanding in September, Rajaa said in a social media post on Saturday. "Today (September 20), a historic milestone has been achieved with the signing of two Ultra Mega MoUs to establish two world-class Greenfield commercial shipyards in Tamil Nadu, with an investment of Rs 30,000 crore and generating employment for 55,000 people," the DMK leader said. As per the first MoU, Cochin Shipyard Ltd will invest Rs 15,000 crore to set up a ...

From petri dish to payload: India's next Big Bang in future deeptech

Part II of this series shines the spotlight on India's audacious deeptech builders - startups engineering the country's future by tackling challenges too complex for conventional innovation

Capital support for defence, aerospace sectors critical, says Ravi Kapoor

The fund is focused on aerospace & defence, along with allied areas such as space and communications, says Kapoor

Bharat Dynamics soars 5% after Q1; buy, sell or hold? Analysts recommend

Domestic brokerage Motilal Oswal noted that Bharat Dynamics delivered a 30 per cent Y-o-Y growth in execution during Q1FY26, aided by a strong order book and easing supply chain challenges.

Jeh Aerospace raises $11 million to expand AI-led manufacturing

Elevation Capital leads funding as Jeh scales operations in India and the US, targeting aerospace supply chains with software-driven precision and automation

Collaboration for future: Isro and India will benefit from Nasa

Artemis signup allows Isro and the fast-growing Indian aerospace sector to bid for Nasa tenders and the famously frugal Indian engineering sector could find opportunities there and pick up new skills

Godrej Enterprises Group's aerospace biz inks pact with Pratt & Whitney

Godrej Enterprises Group's aerospace business has inked a pact with aircraft engines maker Pratt & Whitney for aerospace parts manufacturing. The contract will significantly expand the company's offerings in aircraft engine applications, both in terms of technology and production volumes, it said. The mandate reinforces Godrej's commitment to advancing India's aerospace manufacturing capabilities and aligns with its vision to become a key supplier to global aircraft engine Original Equipment Manufacturers (OEMs), Godrej Enterprises Group said. Pratt & Whitney is a part of the RTX business, and a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. "By leveraging our advanced infrastructure, deep expertise, we are proud to play a role in shaping the future of aviation manufacturing in India. We look forward to strengthening this relationship and expanding our footprint in the global aerospace supply chain," said Maneck Behramkamdin,

Inbound Aerospace raises $1 mn pre-seed round led by Speciale Invest

Space tech startup will use capital for developing autonomous reusable re-entry vehicles

Boeing projects global demand for 2.4 million aviation personnel by 2044

The forecast estimates the industry will require 660,000 pilots, 710,000 maintenance technicians, and 1,000,000 cabin crew members by 2044.