Raymond's aerospace arm wins ₹33 crore annual business from leading Indian defence major

Raymond Ltd said on Friday (September 11) that its aerospace subsidiary has secured new business from a leading Indian aerospace and defence major, with an annual business potential of approximately ₹33 crore.

The orders cover more than 300 part numbers across precision-machined, cast and structural components for multiple aircraft applications. Annual volumes are expected to exceed 37,000 components, with production commencing progressively across 2026 and 2027.

The scope includes precision machining, aerospace castings, structural components and complex assemblies, expanding the company's participation across the aerospace value chain.

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Raymond said the new orders add to its multi-year aerospace order pipeline and its strategy of building a scaled, high-precision aerospace and defence manufacturing platform in India.

Rakesh Tiwary, Group Chief Financial Officer, Raymond Limited, said, "This order win sits squarely within the product mix optimisation we have identified as a core margin lever.

The award win reaffirms the strong manufacturing process of Raymond Ltd that spans across machining, castings, structures and assemblies, rather than at a single stage of the value chain, raises our capture rate per programme and improves the quality of the multi-year backlog we are building against.

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It also broadens our customer base into India's growing domestic aerospace ecosystem, in a business that has until now been predominantly export-led."

Shares of Raymond Ltd ended at ₹1,003.20, up by ₹149.70, or 17.54%, on the BSE.