Author: Nishtha Mehrotra | EQMint

Raymond Limited has announced that its subsidiary JK Maini Global Aerospace Limited (JKMGAL) has emerged successful in a tender conducted by a leading Indian aerospace and defence OEM. The contract involves the assembly of wing structures and centre fuselage structures for a major indigenous fighter aircraft programme.

The development marks Raymond’s entry into the aircraft structures segment, expanding its aerospace capabilities beyond precision component manufacturing. The company said the programme will utilise the customer’s existing infrastructure, supporting a capital-efficient approach to building execution capabilities.

Rakesh Tiwary, Group CFO of Raymond Group, said the opportunity could help the company establish credentials for participation in larger aerospace programmes in India and globally.

The announcement follows recent aerospace developments, including orders covering 300+ part numbers and 37,000+ annual components, with estimated annual business potential of around ₹33 crore. Raymond’s Aerospace & Defence segment reported over 40% year-on-year revenue growth in Q1 FY27, reaching ₹123 crore.

Disclaimer: This article is for information purposes only and is not investment advice.

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