Raymond Group to Inject ₹1,000 Crore into New Aerospace and Auto Units in Andhra Pradesh

The Raymond Group is set to establish 2 global-scale manufacturing units in Anantapur district, Andhra Pradesh, with a combined investment of approximately ₹1,000 crore, as per the news reports. 

The projects will focus on the aerospace and automotive sectors, reinforcing Raymond’s presence in high-precision engineering and component manufacturing.

Aerospace and Automotive Units

The aerospace manufacturing facility will be established at Gudipalli, while the automotive unit will be located at Tekulodu, both within Anantapur district. For the aerospace business, JK Maini Global Aerospace Ltd (JKMGAL), a Raymond Group subsidiary, will invest ₹510 crore on a 47-acre campus in Gudipalli, with incentives estimated at ₹380 crore. This unit is projected to create around 1,400 direct jobs.

Meanwhile, the automotive component manufacturing facility at Tekulodu will be developed by JK Maini Precision Technology, with a planned investment of ₹430 crore and state incentives worth ₹314 crore. The project is expected to generate employment for over 4,000 people.

Boost to Andhra Pradesh’s Industrial Ecosystem

Among the new investments are Navayuga Engineering’s ₹15,455 crore expansion of its Gujjili Pumped Storage Power project and Chinta Green Energy’s ₹15,050 crore PSP development in YSR Kadapa district. 

Additionally, renewable firms such as Serentica Renewables, Brightfuture Power, and Hexa Energy have announced large-scale wind and hybrid power projects in the state.

Read More: Zero-Debt Raymond Targets Realty, Defence, and Global Expansion!

Raymond Share Price Performance 

As of October 08, 2025, at 09:43 AM, Raymond share price is trading at ₹584 per share, reflecting a surge of 0.14% from the previous closing price.

Conclusion

With its latest aerospace and automotive investments, the Raymond Group is positioning itself as a key player in India’s advanced manufacturing landscape. The Andhra Pradesh projects not only align with the company’s diversification strategy but also reinforce the state’s emergence as a hub for high-tech, export-oriented industrial development.

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