Raymond Shares Jump 8% After Aerospace Subsidiary Wins Major Orders
· Business · Economic Times
Raymond shares rose 8.32% to Rs 1,086 on Tuesday following the announcement that its aerospace subsidiary secured multi-programme orders from a leading Indian defence major. The contract covers over 300 part numbers, including precision-machined, casting, and structural components for various aircraft applications. The company expects annual volumes to exceed 37,000 components, generating an estimated annual business potential of Rs 33 crore. Production for these programmes is scheduled to begin progressively throughout 2026 and 2027. This development expands Raymond’s manufacturing footprint across the aerospace value chain, moving beyond single-segment operations.
Why it matters
The order win validates Raymond's strategic pivot toward high-margin aerospace manufacturing and signals a significant expansion in its industrial product portfolio.
Read the original report — Economic Times
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