GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Tata Group, GE Aviation Join Hands to Manufacture Jet Engine Components

The strategic partnership envisages GE Aviation and Tata Sons' subsidiary, Tata Advanced Systems Limited (TASL), to join forces for "manufacturing, assembling, integration and testing of aircraft components".

IANS

Updated:December 14, 2017, 10:26 PM IST
facebookTwittergoogleskypewhatsapp
Tata Group, GE Aviation Join Hands to Manufacture Jet Engine Components
Image for rpresentation only.
Mumbai: Industrial conglomerates GE and the Tata Group have entered into a pact to manufacture "CFM International LEAP" engine components in India, for the global supply chain, a company statement said in Mumbai on Thursday.

According to the statement, the two companies also evinced their intention to jointly pursue military engine and aircraft system opportunities for the India market.

"We look forward to working with GE to build more expertise and strengthen India's defence manufacturing capabilities," said N. Chandrasekaran, Chairman of Tata Sons.

"Tata group's partnership with GE will help drive synergies in defence manufacturing and focus on innovation to support our armed forces," he added.

The strategic partnership envisages GE Aviation and Tata Sons' subsidiary, Tata Advanced Systems Limited (TASL), to join forces for "manufacturing, assembling, integration and testing of aircraft components".

Accordingly, a new Centre of Excellence (COE) will be established to help develop a robust ecosystem for aircraft engine manufacturing in India and build related capabilities.

"Tata Group is a leader in the Indian defence and aerospace sector, and we look forward to working together to meet the growing demand for LEAP engines. Our collaboration in building innovative technologies will support the 'Make in India' vision of the Indian government," said John L. Flannery, Chairman and CEO of GE.

The "LEAP" is one of the world's leading jet engines known for its technological superiority, efficient fuel consumption and performance for powering single-aisle commercial jets.

Traditionally, GE military engines have had a strong history in India. The company currently provides jet engines and marine gas turbines for many Indian military applications including the Light Combat Aircraft-Tejas Mk 1, Indian Navy P-8I aircraft and the P-17 Shivalik class frigates.

On the other hand, TASL is focused on providing integrated solutions for aerospace, defence and homeland security.

Also Watch

Read full article
Most Active
Company Price Change %Gain
Ashok Leyland 105.70 -4.85 -4.39
Mindtree 971.15 -90.65 -8.54
Bajaj Finance 2,520.20 +31.45 +1.26
Tata Steel 498.65 -5.60 -1.11
Kotak Mahindra 1,347.40 -51.15 -3.66
Company Price Change %Gain
RBL Bank 555.90 -9.05 -1.60
Ashok Leyland 105.90 -4.70 -4.25
Reliance 1,103.90 +13.35 +1.22
Tata Steel 499.75 -4.95 -0.98
Bajaj Finance 2,517.60 +29.55 +1.19
Top Gainers
Company Price Change %Gain
Titan Company 869.85 +23.65 +2.79
Bharti Airtel 345.00 +8.20 +2.43
Yes Bank 392.30 +8.65 +2.25
Vedanta 208.20 +4.50 +2.21
ITC 273.30 +4.75 +1.77
Company Price Change %Gain
Bharti Airtel 342.50 +5.70 +1.69
Vedanta 208.30 +4.50 +2.21
Yes Bank 391.20 +7.40 +1.93
ITC 272.90 +4.60 +1.71
Adani Ports 369.15 +5.05 +1.39
Top Losers
Company Price Change %Gain
Hindalco 197.60 -14.80 -6.97
Bharti Infratel 285.30 -13.95 -4.66
Kotak Mahindra 1,347.40 -51.15 -3.66
Cipla 610.10 -17.30 -2.76
Larsen 1,258.10 -34.05 -2.64
Company Price Change %Gain
Kotak Mahindra 1,350.25 -51.80 -3.69
Larsen 1,255.55 -33.60 -2.61
Hero Motocorp 3,458.90 -42.60 -1.22
Tata Steel 499.75 -4.95 -0.98
Coal India 261.50 -2.50 -0.95