“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. It also broadens our customer base into India’s growing domestic aerospace ecosystem, in a business that has until now been predominantly export-led.” Rakesh Tiwary, Group Chief Financial Officer, Raymond Limited
Raymond Limited, the flagship company of the Raymond Group, has announced that during the quarter the Company’s Aerospace subsidiary secured significant new aerospace business from a leading Indian aerospace and defence major.
The award covers more than 300+ part numbers — precision-machined, casting and structural — across multiple aircraft applications, with annual volumes exceeding 37,000+ components. At expected production rates, this represents annual business potential of approximately ₹33 crore. Production commences progressively across 2026 and 2027.
Scope spans precision machining, aerospace castings, structural components and complex assemblies, extending the Company’s participation across a wider portion of the aerospace value chain.
Commenting on the development, 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. It also broadens our customer base into India’s growing domestic aerospace ecosystem, in a business that has until now been predominantly export-led.”
These new orders further strengthen the Company’s multi-year aerospace order pipeline and reinforce its strategy of building a scaled, high-precision aerospace and defence manufacturing platform in India.
