Aerospace & defence company bags order worth Rs 4,66,09,999 from a renowned PSU company

TechEra Engineering (India) Limited has secured a significant order from a renowned Public Sector Undertaking (PSU) company in India, valued at Rs 4,66,09,999 (Rupees Four Crores Sixty-Six Lakhs Nine Thousand Nine Hundred Ninety-Nine Only), inclusive of duties and Taxes. This commercial order primarily involves the supply of MRO (Maintenance, Repair and Overhaul)-related ground support and maintenance equipment specifically for aviation applications. The company is required to execute and complete the supply of this equipment within a tight timeline of 60 days.

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Commenting on this win, Mr Nimesh Desai, the CMD, says, “The receipt of this prestigious order from a Central PSU further validates our strong technical capabilities in delivering high-quality, custom-engineered equipment for aircraft maintenance, repair, and overhaul (MRO) applications. This project marks another step in strengthening the Company’s position within India’s growing aviation infrastructure and Defence-support ecosystem. We believe that such institutional orders will continue to enhance the Company’s growth trajectory and reinforce our reputation as a reliable engineering partner to strategic sectors. This contract represents a strategic step in the Aerospace domain with a focus on tools and part manufacturing, while further deepening our engagement with an existing customer that operates a huge fleet. The management believes this strengthens long-term growth visibility and reinforces the Company’s position in the aviation sector. We are also pleased to inform that our performance during H1 FY’26 has shown strategic improvement over H1 FY’25, driven by higher execution efficiency, better margins, and increased traction from government and PSU orders.”

About the Company

TechEra Engineering (India) Limited, established in 2018, specialises in designing, manufacturing, and supplying precision tooling and components for the aerospace and defence industries. The company offers a comprehensive range of products, including assembly tooling, jigs, fixtures, MRO tooling, ground support equipment, and precision-machined components. Their state-of-the-art manufacturing facility in Maharashtra, equipped with advanced technologies such as 5-axis machining and 3D modelling, enables them to meet the rigorous standards of the aerospace and defence sectors. Certified to ISO 9001:2015 and AS9100D:2018, TechEra caters to a global clientele spanning North America, Europe, and the Asia-Pacific region.

On Monday, shares of TechEra Engineering (India) Limited gained 2.1 per cent to Rs 241  per share from its previous closing of Rs 236 per share. The company has a market cap of Rs 390 crore with an ROE of 10 per cent and an ROCE of 13 per cent. The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 115.60 per share.

Disclaimer: The article is for informational purposes only and not investment advice.