Raymond Share Price in Focus; Enters Aircraft Structures Through Aerospace Subsidiary

Raymond Limited is expanding its aerospace business into aircraft structures after its subsidiary, JK Maini Global Aerospace Limited, emerged successful in a tender conducted by a leading Indian aerospace and defence OEM. 

The programme involves assembly of wing structures and centre fuselage structures for a major indigenous fighter aircraft programme, giving Raymond a new area within its Aerospace and Defence business. 

New Aircraft Structures Opportunity 

The tender covers the assembly of wing structures and centre fuselage structures for the fighter aircraft programme. For Raymond, this takes its aerospace activities beyond precision manufacturing into aircraft assemblies. 

The company described the move as a proposed entry into the aircraft structures vertical, with the programme expected to use the customer's existing infrastructure. 

Customer Infrastructure to Be Used 

The use of existing infrastructure is an important part of the programme. Raymond said this will allow it to develop the required capabilities and build execution credentials without taking on a heavy capital requirement. 

The company will therefore be able to work on aircraft structures while following a capital-efficient approach. 

Management Sees Larger Aerospace Potential 

Rakesh Tiwary, Group CFO, Raymond Group, said the opportunity has significance beyond its immediate business potential. 

According to Tiwary, the programme gives Raymond an entry into the high-value aircraft structures segment while keeping capital requirements efficient.  

He also said the execution experience could help Raymond's subsidiaries build credentials for larger aerospace programmes in India and global markets. 

Tiwary added that the focus will be on execution excellence and developing the capability into a scalable growth platform. 

Aerospace Business Gains Another Capability 

Raymond currently has Aerospace and Defence, and Tools and Auto Components within its Engineering vertical. 

The company entered Aerospace and Defence through the acquisition of Maini Precision Products Limited. The latest development adds aircraft structures to the capabilities being developed through its aerospace subsidiary. 

Read More: One Point One Solutions Share Price in Focus; Bags ₹39.32 Crore Customer Experience Centre Mandate! 

Raymond Share Price Performance  

As of 23 September 2026, at 3:07 PM, Raymond Ltd share price is trading at ₹1,117.10 per share, reflecting a surge of 0.013% from the previous trading session. 

Conclusion 

The tender win gives Raymond's aerospace subsidiary an opportunity to work on wing and centre fuselage structures for an indigenous fighter aircraft programme. The company plans to use the programme to develop aircraft-structure capabilities while keeping the approach capital efficient. 

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