STARTUP/TECHNOLOGY ThinkMetal Raises ₹27 Cr To Scale Metal 3D Printing Technology In India

ThinkMetal, an advanced materials and manufacturing technology company, has raised ₹27 crore in a funding round led by IAN Alpha Fund, the second venture capital fund launched by the IAN Group. The round also saw participation from 3i Partners and existing investors. The company will deploy the fresh capital towards product development, expanding its materials […]

CW Bureau · Oct 13, 2026

STARTUP/TECHNOLOGY AXISCADES Initiates Voluntary Liquidation Of German Entity

AXISCADES Technologies Ltd has initiated the voluntary solvent liquidation of its wholly owned German step-down subsidiary, add-solution GmbH, as the company seeks to exit its remaining automotive engineering services exposure and improve earnings quality. The members’ resolution for liquidation was adopted on September 24, 2026, with the dissolution becoming effective from September 25, 2026, following […]

CW Bureau · Oct 5, 2026

MANUFACTURING BEML Ups Defence, Aerospace Push With Advanced Platforms & Systems

BEML Ltd is stepping up its presence in the defence and aerospace sectors, pursuing opportunities in high-impact domains as it seeks to evolve from a platform manufacturer into a comprehensive systems integrator. In his message to shareholders in the company’s Annual Report 2026, BEML Chairman & Managing Director Shantanu Roy said the company is strategically […]

CW Bureau · Sep 6, 2026

MANUFACTURING Axiscades Acquires Majority Stake In Cloud Wave At ₹260-Cr Valuation

Axiscades Technologies Ltd has approved the acquisition of a majority stake in Bengaluru-based precision engineering and manufacturing company Cloud Wave Technologies Pvt Ltd at an enterprise valuation of approximately ₹260 crore. The transaction is aimed at accelerating Axiscades’ expansion in aerospace manufacturing by adding operational precision-manufacturing capabilities to its existing product-based aerospace, defence and electronics […]

CW Bureau · Aug 30, 2026

B HAL, Safran Sign Contract To Develop Aravalli Helicopter Turboshaft Engine

Hindustan Aeronautics Ltd (HAL) and Safran Helicopter Engines have signed a contract with SAFHAL Helicopter Engines Pvt. Ltd. for the design, development, manufacture, supply and lifecycle support of a new-generation high-power helicopter engine in the 3,500-4,000 shp class. Named Aravalli, the turboshaft engine has been selected to power HAL’s upcoming 13-ton Indian Multi-Role Helicopter (IMRH) […]

CW Bureau · Aug 26, 2026

MANUFACTURING Sigma Advanced Systems Secures Further ₹1,600-Cr Rolls-Royce Order

Sigma Advanced Systems has secured a long-term contract worth nearly £125 million (approximately ₹1,600 crore) from Rolls-Royce through its recently acquired UK subsidiary, Bromford Precision Solutions, strengthening its position in the global aerospace supply chain. The agreement comes shortly after Sigma secured a separate £300 million (approximately ₹3,800 crore) long-term agreement with Rolls-Royce. Together, the […]

CW Bureau · Aug 25, 2026

MANUFACTURING Reliance, Rolls-Royce In Alliance For Indigenous AMCA Combat Engine

Reliance Industries Ltd (RIL) and Rolls-Royce have announced their strategic intent to partner on the design, development, manufacturing and delivery of a sovereign indigenous combat engine for India’s Advanced Medium Combat Aircraft (AMCA) programme. The proposed partnership will also explore the establishment of a dedicated Aerospace Gas Turbine Complex in India, envisioned as a centre […]

CW Bureau · Aug 14, 2026

MANUFACTURING Bharat Forge, Flying Whales Partner To Build Heavy-Lift Airships In India

Bharat Forge Ltd has signed a memorandum of understanding (MoU) with Flying Whales, a French-Canadian pioneer in heavy-lift airship technology, to jointly develop, manufacture and deploy advanced airships for India’s defence and strategic operational requirements. The agreement, signed at the Farnborough International Airshow 2026, marks a significant step towards establishing an indigenous airship ecosystem in […]

CW Bureau · Jul 22, 2026

MANUFACTURING Sigma Advanced Systems Acquires UK’s Bromford Precision For ₹153 Cr

Sigma Advanced Systems Ltd has announced the acquisition of 100% equity share capital of UK-based Bromford Precision Solutions Ltd in a deal valued at approximately ₹153 crore (GBP 11.89 million), marking a significant step in its strategy to build a globally integrated aerospace precision manufacturing platform. The transaction, which is expected to close by the […]

CW Bureau · Jul 14, 2026

MANUFACTURING Hical Technologies Begins Work On Aerospace Production Hub In Hosur

Hical Technologies, a Bengaluru-based precision electromechanical manufacturer serving global aerospace and defence platforms, has broken ground on a new 160,000 sq ft manufacturing facility in Hosur, Tamil Nadu, as it looks to expand its aerospace-qualified precision manufacturing capabilities. The new facility will support the company’s growing portfolio of global aerospace original equipment manufacturer (OEM) programmes […]

CW Bureau · Jul 7, 2026

MANUFACTURING Raymond Starts Second Century With Demerger-Led Transformation

Raymond Ltd, has entered its second century with a transformed corporate structure following the demerger of its three independently listed entities as Lifestyle, Real Estate and Engineering businesses. It is a move that the flagship company of the Raymond Group describes it as the most consequential strategic decision in its recent history. The restructuring is […]

CW Bureau · Jun 23, 2026

MANUFACTURING Aequs, Karnataka Ink ₹2,856-Cr MoU For Aerospace Precision Facilities

Belagavi-based Aequs Ltd (formerly Aequs Pvt Ltd) has entered into a non-binding memorandum of understanding with the Karnataka Government to set up manufacturing facilities for aerospace precision engineering products and consumer electronics enclosures, with a proposed investment of ₹2,856 crore over five years. The project will be implemented through its subsidiaries across multiple locations, strengthening […]

CW Bureau · Mar 26, 2026