In a first for an Indian private company, Godrej Aerospace has bagged the order to manufacture eight modules of the DRDO's turbojet engine.
On Monday, Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Aerospace is the first Indian private company to win the order for manufacturing eight modules of the DRDO Engine for aerial applications.
Godrej Aerospace won the order competing with over 25 companies owing to its strong infrastructure, proficiency in working with unique materials, and decades of experience in producing liquid engines for rockets, as well as its service to global aviation majors.
This venture opens up a world of opportunities for future projects to be manufactured indigenously in India, the company noted.
Commenting on this milestone, Maneck Behramkamdin, AVP & Business Head, Godrej Aerospace said: "We are thrilled to have won the project to manufacture the DRDO Engine modules, which is a testament to our capabilities and expertise in the aerospace sector. This achievement reinforces our commitment to making India self-reliant in aerospace manufacturing thereby, contributing to the country's economic growth.
"We look forward to leveraging our extensive experience and competencies to serve the needs of global majors in the aviation & defence sector and contribute to the growth of the industry."
This experience will pave the way for future projects to develop modules for civil aviation engines as well, the release noted.
The company has made an investment of around 500 crores for aerospace and defence projects and has incorporated new processes into its manufacturing processes.
Adani Power gets Letter of Intent to acquire Vidarbha Industries Power
Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited.
Gautam Adani hails MP's investment readiness, transformative leadership of PM Modi, CM Yadav
Announcing a whopping Rs 1.10 lakh crore investment and creation of 1,20,000 lakh jobs by the end of the decade, India’s top businessman Gautam Adani lauded the transformative leadership of Prime Minister Narendra Modi and Chief Minister Dr Mohan Yadav,
Adani Portfolio's tax contributions reach Rs 58,104 crore for FY 2023-24
The Adani Group's total global tax and other contributions to the exchequer amounted to Rs 58,104.4 crore for the financial year 2023-24, showcasing a significant increase from the previous year's Rs 46,610.2 crore through its portfolio of listed entities, the company said on Sunday.
Reliance Consumer Products partners with Assam’s established business house, Jericho, to set up a cutting-edge bottling facility
Reliance Consumer Products Ltd (RCPL), a leading FMCG and beverage company, has strengthened the presence of Campa’s portfolio in Northeast India with the inauguration of a new bottling plant in Guwahati, Assam. Developed in collaboration with local partner Jericho,
India poised to stay world’s fastest growing economy in 2025-26: RBI bulletin
High frequency indicators point towards a sequential pick-up in momentum of India's economic activity during the second half of 2024-25, which is likely to sustain moving forward, according to the latest RBI monthly bulletin.
Adani Portfolio clocks highest ever TTM EBITDA of Rs 86,789 crore, core infra biz surges
Led by its core infrastructure business, the Adani Portfolio has delivered the highest-ever trailing-twelve-month (TTM) EBITDA of Rs 86,789 crore, the Adani Group said on Thursday.
India doing well on protecting small investors, corporate governance improved significantly: NSE CEO
India is doing well in protecting small investors while corporate governance has improved significantly amid rapid technological changes, National Stock Exchange (NSE) MD and CEO, Ashishkumar Chauhan, said on Tuesday.
Tesla ramps up hiring in India after Elon Musk-PM Modi meet in US
After the successful visit of Prime Minister Narendra Modi to the US, Elon Musk-run Tesla has ramped up hiring in India, a market where it is slated to enter anytime soon.