The company has announced a capital expenditure of ₹118 crore to expand manufacturing aviation components and research in the commercial aviation segment.
Raymond Engineering is planning a 25 per cent increase in revenue from its aviation components business by FY26. The business operates under JK Maini Global Aerospace Ltd (JKMGAL) and currently manufactures more than 1,200 aerospace parts. About 78 per cent of these go into aero engines, while around 150 more products are in development.
India’s aerospace and defence manufacturing sector is projected to touch $15-20 billion by 2035. This growth projection is from both civil aerospace and defence-related production.
The company’s strategy centres on manufacturing domestic capabilities for high-precision, long-term aerospace work packages. It is also targeting long-term agreements (LTA) with global tier-1 clients who are shifting sourcing from China and Europe to India.
The aerospace sector has been undergoing structural changes since 2022 and is recovering. Companies are also diversifying supply chains under the “China+1” approach, while domestic defence manufacturing is gaining momentum in India.
Raymond Engineering expects these changes to drive enquiry volumes and new business opportunities. The company is seeking to expand its role in global supply chains by increasing participation in engine and structural component manufacturing. The sector remains capital-intensive, but the firm aims to leverage macro growth tailwinds to expand scale and market reach.
