This milestone reinforces Godrej’s commitment to advancing India’s aerospace manufacturing capabilities and aligns with its vision to become a key supplier to global aircraft engine OEMs. The contract will significantly expand the company’s offerings in aircraft engine applications, both in terms of technology and production volumes.

“For decades, Godrej has been at the forefront of high-precision manufacturing, contributing to India’s aerospace ambitions and self-reliance in critical technologies. This contract with Pratt & Whitney is not just a business milestone- it is a testament to India’s rising capabilities in complex aerospace manufacturing,” said Maneck Behramkamdin, Business Head, Aerospace business, a part of Godrej Enterprises Group. “By leveraging our advanced infrastructure, deep expertise, and commitment to global quality standards, we are proud to play a role in shaping the future of aviation manufacturing in India. We look forward to strengthening this relationship and expanding our footprint in the global aerospace supply chain.”

With this contract, Godrej Enterprises Group continues to expand its presence in precision aerospace manufacturing, reinforcing its role as a trusted supplier to global OEMs. Godrej Enterprises Group has a total of around 35,000 sq. meters of aerospace manufacturing capacity in India, with another 48,500 sq. meters under development. This is in line with the company’s vision to enable and elevate India’s manufacturing capabilities at a global level.

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The prototype diesel engine will have an indigenous content of over 50% and will be developed for Rs 270 Cr with 70% funding from the Government of India. Under this order, Kirloskar Oil Engines will design and develop in-house, medium-speed engines, scalable from 3 MW to 10 MW, and the developed engines will be used for Main Propulsion and Power Generation on ships of the Indian Navy and Indian Coast Guard. Currently, most of these engines are imported and this project is a significant step in the Government of India’s vision of indigenization and achieving self-reliance in marine engine development in this country. This marks a significant step in the ongoing efforts of the Government of India to indigenise critical technologies and achieve Aatmanirbharta in Defence.

Kirloskar Oil Engines is proud to be associated with this critical project, and this order is a testimony of Kirloskar Oil Engines’ commitment to ‘Make in India’ and continuing to be an ‘India First’ organization. The design and development of the project will be done indigenously, by the R&D teams of KOEL. This project is a reflection of the engineering and R&D strength of the organization.

Gauri Kirloskar, Managing Director, of Kirloskar Oil Engines said “We are honored to be selected by the Indian Navy for this prestigious project and to have the opportunity to contribute to the building of our nation. This is a proud moment for all of us at KOEL, and I am sure that with the technical and R&D strength that we have, we will be able to deliver yet another world-class product to the Indian Navy. We would like to thank the Ministry of Defence and the Indian Navy, for their support and guidance.”

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On the occasion, Baba Kalyani CMD, Bharat Forge Limited mentioned that it was a proud moment for the company. It is also a testament to the Honourable Prime Minister Shri Narendra Modi’s vision of an Atmanirbhar Bharat in Defense. We sincerely appreciate the unwavering support of the MOD, the Indian Army, DRDO, ARDE, and our team at Bharat Forge for their invaluable efforts and collaboration.

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• Brigade Gateway Residences at Neopolis, Kokapet, Hyderabad: Comprising 2 luxury towers, the project will feature one of the tallest buildings in Hyderabad, with the configuration being 5B+G+57 floors.
• Brigade World Trade Centre at Neopolis, Kokapet, Hyderabad: A commercial tower standing tall at over 200 meters in the configuration of 5B+G+50 floors. It will also accommodate retail space and a five-star hotel – Brigade Neopolis – and will be the tallest mixed-use development in Hyderabad.
• Brigade Altius, Chennai: The project will be one of the tallest and most prestigious developments in the locality in Chennai, comprising 3 Signature towers with a configuration being 6 parking levels + 39 apartment floors.
• Brigade Morgan Heights, Chennai: The project comprises 10 luxury towers in the configuration of 4 parking levels and apartment floors ranging between 11-21 floors.

All these projects will be executed on a design-and-build basis in stringent timelines.

Larsen & Toubro is a USD 27 billion Indian multinational enterprise engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

Project Classification

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CHENNAI: TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), a global supply chain solutions provider and one of the largest and fastest growing integrated supply chain solutions providers in India, today announced its consolidated unaudited financial results for the second quarter and first half of FY 2025. The Company reported Profit After Tax of ₹10.6 Cr. for the quarter ended 30^th September 2024, as against the loss of (₹21.9 Cr.) in Q2 FY 24 on a Y-o-Y basis which is also a 42.5% increase on Q-o-Q basis. Its H1 FY 25 PBT was at ₹31.6 Cr. as against the PBT of (₹41.6 Cr.) for H1 FY 24. The consolidated revenue for Q2 FY 25 grew by 11 % to ₹2,512.9 Cr. as against ₹2,262.9 Cr. in Q2 FY 24.

The summary of the business and financial performance of the two operating segments viz., Integrated Supply Chain Solutions segment (‘ISCS’) and Network Solutions segment (‘NS’) are provided along with the summary of the consolidated financial performance.

Integrated Supply Chain Solutions Segment (‘ISCS’):

ISCS segment registered a margin expansion of 90 bps Y-o-Y due to the continued focus on operational efficiency and a disciplined approach to cost management. The Q2 revenue grew by 6.2 % Y-o-Y to ₹1,348.5 Cr. as against ₹1,269.5 Cr. The segment reflects deepening engagement with existing customers and revenues from new customer acquisitions across key geographies.

During the quarter, TVS SCS won a significant new contract with a large industrial customer in North America. This is a multi-year transformational engagement with a total contract value of over ₹2,200 Crores. This long-term transformational engagement reinforces TVS SCS’ specialized capabilities in complex assembly and automation and the value that we bring as a supply chain outsourcing partner.

Network Solutions Segment (‘NS’):

NS segment reported a revenue of ₹1,164.4 Cr. in Q2, as against ₹993.4 Cr. in the same quarter the previous year marking a 17.2% growth on a Y-o-Y basis. The segment has shown sequential revenue growth for four quarters in a row from Q3 FY24.

Summary of consolidated financial performance:

In the Q2 FY25, the consolidated revenue stood at ₹2,512.9 Cr. as against ₹2,262.9 Cr. in the same quarter last year reflecting 11% growth on a Y-o-Y basis.

Commenting on the Q2 results, Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions Ltd. said, “The Q2 results demonstrate our ability to sustain growth momentum in both revenue and profit, amid ongoing macroeconomic challenges. New business wins have added ₹280 Crores of revenue for the quarter. Our global account management strategy has helped us close large deals that give us the confidence to sustain the growth momentum. Overall, the results reflect our resilience in navigating a complex environment and we remain confident about our profitable growth in the coming quarters.”

Commenting on the performance, Ravi Prakash Bhagavathula, Global CFO, of TVS Supply Chain Solutions Ltd. said, “Our Q2 results reflect sustained revenue growth, along with continued improvement in profitability driven by our focus on operational efficiency and cost management. Our ability to fund growth through internal resources has enabled us to effectively manage borrowings driving PBT.”

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FMCS has been in contact with both IAM and Boeing to support their return to the negotiation table and commends the parties on their willingness to meet and work towards a mutually acceptable resolution.

As part of the effort to resolve the current labor dispute and end the work stoppage, which began at 12:01 am PDT this morning, the parties will resume meetings early next week.

FMCS is committed to supporting a fair and equitable outcome for all parties involved, with the ultimate goal of preventing economic disruption and fostering a positive working relationship.

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Under the five-year contract, Heligo will benefit from Airbus’ HCare Initial program, which will give the operator the freedom to replace scheduled and unscheduled components within 24 hours and pay a fixed rate per hour of helicopter flown. This will help Heligo to bring down their maintenance costs and the need to keep a regular inventory, thereby providing them with streamlined operations.

Nayan Jagjivan, Chairman of Heligo Charters Private Limited, said, “We are proud to be the first operator to offer a fleet of Airbus Helicopters’ 5-bladed H145 to ONGC for offshore operations in India. Once these helicopters are delivered this year, Heligo will have the largest H145 fleet in India serving both offshore and onshore missions. The H145 is a modern, multi-role helicopter which is suited for Indian conditions, offering exceptional performance and operational economics.“

Sunny Guglani, Head of Airbus Helicopters, Airbus India and South Asia, said, “We congratulate the Heligo team for being awarded the recent offshore contract with the H145s. This HCare Initial by-the-hour contract that we have just signed with Heligo for their H145 fleet will ensure efficient operations for these helicopters and their maximum availability. At Airbus, we believe in providing the best combination of support and services to our customers and we are proud of our long association with Heligo. This is Airbus Helicopters’ largest By-the-Hour contract with an Indian operator.“

The H145 is the latest member of the company’s twin-engine rotorcraft product range, with designed-in mission capability and flexibility, especially in high and hot operating conditions. Compact in size, this helicopter’s small footprint and large, flexible cabin enable maneuvering in complex environments, such as oil and gas helidecks.

HCare is Airbus Helicopters’ comprehensive services offer, providing superior customer service support in five domains: Material Management; Helicopter Maintenance, Repair and Overhaul (MRO) and upgrades; Technical Support; Training & Flight Operations and Connected Services. With this contract, Heligo’s entire fleet of Airbus helicopters will benefit from the HCare Initial By-the-Hour program.

The services contract signed between Airbus Helicopters and Heligo Charter Private Limited for six H145 helicopters deployed for offshore and onshore operations in India will provide Heligo with enhanced fleet availability and reduced maintenance costs through Airbus’ HCare Initial program. This contract marks Airbus Helicopters’ largest By-the-Hour contract with an Indian operator and highlights the company’s commitment to providing the best combination of support and services to its customers.

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Speaking about the deal, Mr. Vinod Sahay, President, Aerospace & Defence & CPO, Auto & Farm Sectors, Mahindra, said, “The Mahindra Group is proud of its relationship with Airbus. With this new contract, we further expand our relationship and increase our participation in the ‘Make In India’ initiative of the Government of India. We look forward to delivering on our commitments and continuing this journey of collaborative growth.”

“MASPL is privileged to be an Airbus supplier and we greatly appreciate their continued support to our growth initiatives. This award is a significant expansion of our Airbus portfolio and offers further opportunities for us to work with Airbus on performance, sustainability, and operational excellence,” said Arvind Mehra, Managing Director & CEO, of Mahindra Aerostructures.

MASPL has been a direct supplier to Airbus Group since 2015, and partners with Airbus on numerous initiatives. It has been ranked as a D2P “Challenger” for three years in the Sheet Metal domain, as well as level “A” in the Airbus Industrial Process Capability Assessment (IPCA+) and has won the “Best Performer” award in the 2023 Airbus Supplier Quality Improvement Program (SQIP) awards.

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