Author: Aadarsh Patel | EQMint
Raymond Limited’s aerospace business has secured new multi-programme orders from a leading Indian aerospace and defence major, strengthening the company’s presence in India’s growing domestic aerospace manufacturing sector.
The business win covers more than 300 part numbers across multiple aircraft applications, with annual volumes expected to exceed 37,000 components. At expected production rates, the programmes have an annual business potential of approximately ₹33 crore. Production is scheduled to begin progressively through 2026 and 2027.
What Has Raymond’s Aerospace Business Won?
Raymond said its aerospace subsidiary secured the new business during the quarter from a leading Indian aerospace and defence company.
The programmes cover more than 300 part numbers, including:
- Precision-machined components
- Aerospace castings
- Structural components
- Complex assemblies
The components will be used across multiple aircraft applications, with annual volumes expected to cross 37,000 units.
The company estimates that the programmes could generate approximately ₹33 crore in annual business at expected production rates.
Production To Start In 2026 And 2027
Production will be rolled out progressively across 2026 and 2027 rather than starting at full capacity immediately.
This means the ₹33 crore figure represents the potential annual business once the programmes reach their expected production levels. Actual revenue will depend on programme execution, production schedules and customer requirements.
Raymond Expands Across The Aerospace Value Chain
The significance of the development goes beyond the size of the potential business.
The new programmes cover several stages of aerospace manufacturing, from precision machining and castings to structural components and complex assemblies.
This gives Raymond a broader role across the aerospace manufacturing value chain instead of being focused on a single type of component. The company said the order further strengthens its multi-year aerospace pipeline and supports its strategy of building a scaled, high-precision aerospace and defence manufacturing platform in India.
What Management Said
Raymond Group CFO Rakesh Tiwary said the order win fits into the company’s strategy of optimising its product mix, which it considers an important margin lever.
He also highlighted Raymond’s ability to manufacture across machining, castings, structures and assemblies. According to the company, this broader capability allows it to participate in more stages of aerospace programmes and strengthens the quality of its multi-year order backlog.
The new business also expands Raymond’s customer base within India’s domestic aerospace ecosystem, an area that complements its historically export-orientated business.
Why The Order Matters For Raymond
The order comes as Raymond continues to reposition its engineering business toward high-precision manufacturing and sectors such as aerospace, defence and automotive components.
The company’s entry into aerospace and defence was strengthened through its 2023 acquisition of Maini Precision Products. Raymond’s engineering operations now include Aerospace & Defence as well as Precision Technology & Auto Components.
The latest business win therefore supports the company’s broader strategy of building a larger presence in India’s aerospace and defence supply chain.
Raymond Shares Jumped After The Announcement
Raymond shares closed 17.44% higher at ₹1,002.80 on the NSE on September 11, 2026. The stock touched an intraday high of ₹1,024.50, marking a new record level, according to market reports.
The announcement was made after market hours, meaning the full market reaction to the aerospace order will be watched in subsequent trading sessions.
What Investors Should Watch
The key factor now will be execution.
Investors will be watching how quickly the programmes move into production, whether the expected component volumes are achieved and how much of the estimated ₹33 crore annual business potential translates into actual revenue.
The development is strategically important for Raymond because it adds domestic aerospace business while expanding the company’s participation across multiple manufacturing processes.
The Bottom Line
Raymond’s aerospace subsidiary has secured multi-programme business covering more than 300 part numbers and over 37,000 components annually.
With an estimated annual business potential of around ₹33 crore and production expected to ramp up across 2026 and 2027, the order strengthens Raymond’s aerospace pipeline and supports its broader shift toward high-precision engineering and defence manufacturing in India.
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