JSW Defence to Invest Rs 8 Billion in Telangana Drone Facility
DEFENSE

JSW Defence to Invest Rs 8 Billion in Telangana Drone Facility

JSW UAV Ltd, a fully-owned subsidiary of JSW Defence Pvt Ltd, has announced an investment of Rs 8 billion to set up an Unmanned Aerial Systems (UAS) manufacturing facility in Telangana. 

The company has signed a Memorandum of Understanding (MoU) with the Telangana government to establish the facility. Additionally, JSW Defence has formed a strategic partnership with Shield AI, Inc., a prominent U.S. defence technology firm, to localise and manufacture Shield AI’s ‘V-BAT’ UAS in India. 

The MoU was signed by Telangana Chief Minister K. Chandrashekar Rao and Parth Jindal of the JSW Group at the World Economic Forum in Davos, Switzerland. 

This initiative follows the central government's move in September 2021 to extend the production-linked incentive scheme to drone manufacturing, which includes airframes, propulsion systems, power systems, batteries, and related components. The scheme aims to boost the growth of India’s domestic drone industry. 

(ET)      

JSW UAV Ltd, a fully-owned subsidiary of JSW Defence Pvt Ltd, has announced an investment of Rs 8 billion to set up an Unmanned Aerial Systems (UAS) manufacturing facility in Telangana. The company has signed a Memorandum of Understanding (MoU) with the Telangana government to establish the facility. Additionally, JSW Defence has formed a strategic partnership with Shield AI, Inc., a prominent U.S. defence technology firm, to localise and manufacture Shield AI’s ‘V-BAT’ UAS in India. The MoU was signed by Telangana Chief Minister K. Chandrashekar Rao and Parth Jindal of the JSW Group at the World Economic Forum in Davos, Switzerland. This initiative follows the central government's move in September 2021 to extend the production-linked incentive scheme to drone manufacturing, which includes airframes, propulsion systems, power systems, batteries, and related components. The scheme aims to boost the growth of India’s domestic drone industry. (ET)      

Related Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement