Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Mahindra Aerostructures awarded contract by Saab

Posted On: 2017-02-16 19:56:13

Saab has awarded a long-term contract to Mahindra Aerostructures for the supply of sheet metal components for Airbus door assemblies. The components include skins and detail parts that will be produced by Mahindra in their facility near Bengaluru. The parts will be shipped to Saab facilities in Sweden for integration into door assemblies for the single-aisle program.

Saab Aerostructures, part of the SEK 27 Bn Saab Group, is a leading Tier 1 in the global aerospace industry and a design-to-build partner to OEMs on several major aircraft programs. Saab is also one of first in the A&D industry to recognize the growth potential for India sourcing, and they have already developed a strong supply chain in India to support various programs. Mahindra Aerospace has played an important role in this supply chain.

Mahindra Aerostructures, part of the Mahindra Group, operates a 25,000 sq. m. manufacturing facility near Bengaluru. Having started commercial deliveries in January 2015, the business is on a steep ramp-up and is exporting detailed parts, sub-assemblies and primary structural components to its customers worldwide.

Mahindra's aerostructures relationship with Saab began two years ago and has gradually grown into a larger strategic conversation across multiple potential domains within the A&D space.

Speaking on this relationship, Mr. S P Shukla, Chairman, Mahindra Aerospace, and Group President-Aerospace & Defence, Mahindra Group, stated, "Saab and Mahindra share many common touch points across our aerospace and defence interests. I am confident that this long-term award to our aerostructures business will be one among many long-term relationships between our two groups".

"Saab Aerostructures was one of our very first customers and we greatly appreciate the faith they placed in us so early in our journey," observed Mr. Arvind Mehra, Executive Director & CEO of Mahindra Aerospace (parent of Mahindra Aerostructures). "Our relationship is growing at operational as well as strategic levels, and we are thankful to Saab for their confidence in us and are privileged to work with them on this package of large, complex parts."

"This contract award is further evidence of Saab's commitment to work in India and partner with performing Indian companies. We chose Mahindra Aerostructures for their ability to create solutions and work with our supply chain requirements to provide best value to our customers," explained Mr. Lars Jensen, Managing Director, Saab Aerostructures.

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.1316.35 as compared to the previous close of Rs. 1301.35. The total number of shares traded during the day was 108938 in over 4139 trades.

The stock hit an intraday high of Rs. 1320 and intraday low of 1301.6. The net turnover during the day was Rs. 142805011.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Globus Spirits Ltd to restart Bihar facility
Integrated Capital Services Ltd to consider Q4 results on Apr 13, 2018
Hindustan Organic Chemicals Ltd approves sale of land to BPCL
NMDC Ltd skips interim dividend for 2017-18
Beardsell Ltd approves dividend of Rs. 0.24
The Indian Wood Products Company Ltd gets favorable order from CESTAT Regional Bench, Allahabad
Blue Coast Hotels Ltd announces resignation of company secretary
Maan Aluminium Ltd Fixes Apr 6, 2018 as Record Date for Interim Dividend
DLF Ltd fixes Mar 28, 2018 as record date for interim dividend
PNC Infratech Bags Aligarh-Kanpur Package-II HAM of Rs. 1197.0 crore
Zydus receives final approval from the USFDA for Omeprazole and Sodium Bicarbonate Capsules
ZEN Technologies Ltd to form subsidiary in USA
Ramco Systems Limited announces demise of Director
Shilpa Medicare Ltd receies EIR from USDA for formulations manufacturing facility
Asian Granito India Ltd gives corporate guarantee of Rs. 40.30 crore
KRBL Limited to launch Chia Seed, Flax Seed in international market
Ashoka Buildcon Ltd arm emerges Lowest Bidder for NHAI Project
TAAL Enterprises Ltd announces resignation of company secretary
Airtel offers the Samsung Galaxy S9 range starting at Rs. 9900
Shilpa Medicare Ltd updates on US FDA inspection
ICRA reaffirms ratings of Mahindra Logistics Ltd
Grasim Industries increases production capacity at its Epoxy Plant in Vilayat, Gujarat
K.P. Energy Ltd Board recommends Bonus Issue
Tribhovandas Bhimji Zaveri Ltd to open its 37th store at Phoenix Market City Mall in Pune
Max Financial Services Ltd calls for Board Meeting On March 21, 2018
Kilitch Drugs India Ltd appoints additional director
Sadbhav Infrastructure Project Ltd emerges L-1 bidder for HAM project in Gujarat
Creative Eye Ltd announces resignation of Mr. Mukesh Sharma
Jubilant Industries Ltd appoints director, company secretary
CARE reaffirms ratings of PNC Infratech Ltd
UPL Limited updates on transaction
Thermax wins Rs. 503 crore order for co-generation plants
Mideast Integrated Steels Ltd announces resignation of Whole time director
Oceanaa Biotek Industries Ltd signs MOU for new shrimp feed manufacturing unit
CARE assigns ratings to PNC Rajasthan Highways Private Limited
Reliance Industries wins FT ArcelorMittal boldness in Business Award
Ramky Infrastructure awarded project worth Rs. 939.41 crores
HDFC Board declares Interim Dividend of Rs. 3.50
Coromandel International Ltd Board declares Interim Dividend of Rs. 3
Blue Dart Express Ltd announces resignation of CFO
PNB Housing Finance Ltd appoints Mr. Jayant Dang as Director
Steel Strips Wheels Bags Another Big Repeat Order Of 130,000 Caravan Wheels From Europe
Federal Bank Offers UPI Payment Facility to BSNL Customers
Shashijit Infraprojects Ltd receives new project in Silvassa
Gokul Solutions Ltd appoints Mr. Anand Kumar Dubey as additional director
Trident certified with OEKO-TEX® Made in Green label
Goa Carbon Limited shuts down Paradeep unit for maintenance
Talwalkars Better Value Fitness Limited fixes record date for demerger
City Union Bank Ltd opens new branches at Shimoga, K.Pudur and Guntakal
Somany Ceramics Ltd redeems Rs. 50 crore commercial paper on Mar 15, 2018

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018