iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Naini Aerospace, Garuda Aerospace to collaborate for drone manufacturing

23 May 2023 , 12:44 PM

Hindustan Aeronautics Ltd wholly-owned subsidiary Naini Aerospace and Garuda Aerospace have signed a joint development partnership to manufacture advanced precision drones with payload capacity of 25 kg. The companies have planned to make 5000 drones in the first year. 

Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace said on the partnership that, “Our partnership with Naini Aerospace Engineering Ltd (NaeL) is a natural next step for us. Our drone yatra has also been a grand success, and we have pre-booked over 7,000 drones at Rs 4.5 lakh each. Partnerships with Government PSUs are critical given the knowledge and experience they possess to scale up production. We will continue to stay focused, and partner with industry leaders.”

R.R. Thakur, Chief Executive Officer, Naini Aerospace said on the same, “We are excited to be working along with Garuda on the rapidly evolving drone sector. Our experience with the production of helicopter structures was launched on July 11, 2018 in a newly constructed aerostructure hangar equipped with facilities. NAeL has now reached the level of full-fledged operationalisation with proven capabilities in the field of production of aerostructures and aircraft loom manufacturing.”

Naini Aerospace Engineering Ltd (NAeL) was incorporated in December 2016 and is situated in the Prayagraj district in Naini industrial area developed by the UP State Industrial Development Corporation.

explored-media

Related Tags

  • Garuda Aerospace
  • HAL
  • Naini Aerospace
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.