February 21, 2026
ASM Technologies Ltd announced that it has signed definitive agreements to invest approximately INR 480 million to acquire an aggregate 20 percent stake in Myelin Foundry Private Limited. The strategic investment is part of a partnership to deploy patented, high-performance artificial intelligence (AI) solutions across ASM’s engineering design-led manufacturing portfolio. According to a press release […]
February 21, 2026
Azad Engineering Limited reported revenue growth of more than 31 percent year-on-year in the third quarter of FY ’26 and said its order book exceeded INR 65 billion, providing multi-year visibility as newly built manufacturing facilities move toward stabilization. The company indicated that FY ’26 would remain a transition year, with stable operating levels expected […]
February 21, 2026
Krishna Defence and Allied Industries Limited reported an order book of INR 1,423 million as of 31 December 2026 and outlined expansion plans across autonomous underwater vehicles, composite manufacturing and defence electronics. The company also completed its migration to the main board of the National Stock Exchange of India, marking a shift from the NSE […]
February 21, 2026
NRB Bearings Limited reported a strategic shift beyond its core automotive business, with plans to expand into industrial bearings, aerospace, robotics and construction equipment while maintaining margins in the 18 percent to 20 percent range. The company reiterated a medium-term revenue target of INR25 billion by 2031, supported by diversification and phased capital expenditure. “Beyond […]
February 20, 2026
Embraer and Hindalco Industries Limited have signed a memorandum of understanding (MoU) to conduct exploratory activities to assess potential business opportunities in India’s aerospace-grade aluminium sector. The joint initiative is aimed at identifying opportunities in aluminium raw material manufacturing to support Embraer’s industrial initiatives in the country. The companies will evaluate possibilities for aerospace-grade aluminium […]
February 20, 2026
Inbound Aerospace has signed a memorandum of understanding to establish an advanced aerospace and space systems manufacturing facility in Chennai with an investment of INR 1 billion. The proposed facility will support the production of recoverable and reusable spacecraft systems and associated subsystems. The unit will undertake advanced composites fabrication, precision machining, avionics integration and […]
February 20, 2026
Tychon Global Systems Private Limited has signed a memorandum of understanding (MoU) to establish an ammunition manufacturing facility in Thoothukudi district, Tamil Nadu. The project involves an investment of INR 5 billion and is expected to generate 550 jobs, strengthening the state’s defence manufacturing ecosystem. The proposed unit will undertake end-to-end production of 30 mm […]
February 20, 2026
PMI Engineering Exports Private Limited will invest INR 5 billion to establish a precision aerospace manufacturing facility in Sriperumbudur, Tamil Nadu. The project is expected to create 1,000 employment opportunities and will manufacture flight-critical components for civil aviation and defence applications. The facility will undertake raw material cutting, precision machining, cleaning and finishing processes. Production […]
February 20, 2026
Bharat Electronics Limited (BEL) and SASMOS HET Technologies Ltd signed a memorandum of understanding (MoU) on 16 February 2026 to collaborate on advanced defence technologies. The agreement was signed in Bengaluru and focuses on co-development and co-indigenisation across multiple defence domains. The MoU covers collaboration in Fibre Optics and Photonics, Tank Electronics, Naval Systems and […]
February 20, 2026
Mahindra & Mahindra Ltd. said on 19 February 2026 that Embraer and the Mahindra Group plan to work towards establishing a Maintenance, Repair and Overhaul (MRO) capability in India for the C-390 Millennium aircraft, subject to its selection in the Indian Air Force’s Medium Transport Aircraft (MTA) programme. The announcement follows a strategic partnership signed […]
