Mahindra Aerostructures, Spain’s Aernnova Sign $300m Deal

19 Jun 2025 CW Team

Mahindra Aerostructures, the aerospace division of the Mahindra Group, has signed a $300 million contract with Spain’s Aernnova to collaborate on the design and manufacturing of advanced aircraft components. This strategic partnership is set to enhance Mahindra’s capabilities in high-precision machining, composite assemblies, and systems integration for global aerospace clients.

As part of the agreement, Mahindra Aerostructures will leverage its Bangalore manufacturing facility to jointly develop and supply critical aerostructures and fuselage components. These parts will support both civil and defence aerospace programmes, opening new avenues in the global aviation supply chain.

The collaboration will enable technology transfer and skill enhancement in advanced aerospace manufacturing techniques. The partnership is expected to generate approximately Rs 25 billion in revenue over the course of the agreement, bolstering India’s position in high-value aerospace exports and contributing to the government’s Make in India initiative.

Leadership from both companies emphasised the partnership’s alignment with their long-term visions. It will not only enhance Mahindra’s capabilities but also expand Aernnova’s global sourcing network. The alliance underscores a growing trend of international co‑development of aerospace systems, offering enhanced resilience and cost efficiency.

The Mahindra–Aernnova deal significantly elevates Mahindra Aerostructures’ role in international aviation, reinforcing India’s emergence as a reliable destination for aerospace manufacturing and engineering.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..