Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Mahindra Aerostructures Bags Contract From Airbus to Supply Components

European aviation major Airbus has awarded a long-term contract to Mahindra Aerostructures to manufacture and supply a set of components made of hard metals.

PTI

Updated:June 20, 2017, 6:46 PM IST
facebookTwitterskypewhatsapp
Mahindra Aerostructures Bags Contract From Airbus to Supply Components
This will be the first direct work package from Airbus to Mahindra Aerostructures, which will execute the work together with its sub-tier French firm Segnere SAS. (Photo courtesy: mahindraaerospace.com)
Loading...

Mumbai: European aviation major Airbus has awarded a long-term contract to Mahindra Aerostructures to manufacture and supply a set of components made of hard metals.

These components - aerospace steel, titanium and Inconel - will be used in manufacturing single aisle A320neo and wide-body A350XWB aircraft, a release said in Mumbai on Tuesday.

This will be the first direct work package from Airbus to Mahindra Aerostructures, which will execute the work together with its sub-tier French firm Segnere SAS, it said.

According to the release, the products will be delivered directly to Airbus facilities in Europe from India and France, thereby providing the leading aircraft maker an optimum mix of cost structures and logistics flexibility.

Segnere has several years of experience working with hard metals and supplies components directly to Airbus.

"This latest contract to Mahindra is another step forward in having more 'Made in India' content on Airbus aircraft," Airbus India President for Commercial Aircraft Srinivasan Dwarakanath said.

Mahindra Aerostructures currently operates a 2.50 lakh sq ft facility near Bengaluru. The facility caters to components made of aerospace aluminium alloys.

Mahindra is now adding hard metals capabilities at the unit to execute the new contract with Airbus, the release said.

"This contract is another significant milestone in our growing relationship with Airbus and strengthens the government's Make in India initiative," S P Shukla, Mahindra Aerospace chairman and group president for aerospace and defence at Mahindra Group, said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Bijaya Das
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 59.25 5.24
Indiabulls Hsg 467.85 3.84
Reliance 1,275.85 2.33
HDFC Bank 2,162.70 -0.52
ICICI Bank 395.40 -0.93
Company Price Change %Gain
Yes Bank 59.25 5.24
ICICI Bank 395.75 -0.85
Indiabulls Hsg 467.90 4.00
Bajaj Finance 3,175.35 1.85
Reliance 1,275.95 2.36
Top Gainers
Company Price Change %Gain
Zee Entertain 351.15 6.75
Vedanta 137.40 6.47
UPL 547.25 5.64
Yes Bank 59.25 5.24
BPCL 329.35 5.22
Company Price Change %Gain
Vedanta 137.50 6.55
Yes Bank 59.25 5.24
ONGC 122.30 4.66
M&M 533.10 4.09
Coal India 188.05 4.07
Top Losers
Company Price Change %Gain
IndusInd Bank 1,310.50 -1.88
ITC 236.10 -1.65
ICICI Bank 395.40 -0.93
Eicher Motors 15,383.45 -0.90
HUL 1,860.00 -0.65
Company Price Change %Gain
IndusInd Bank 1,310.35 -1.90
ITC 236.00 -1.71
ICICI Bank 395.75 -0.85
Power Grid Corp 201.40 -0.69
HUL 1,859.35 -0.69

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results