CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
Jindal Stainless has inked an agreement with the MSME Technology Centre in Visakhapatnam for manufacturing value-added products for the missile and satellite launch vehicle segments.
MSME Technology Centre is a premium skill development centre established through the Union Ministry of MSME under the auspices of World Bank.
The aim of the MoU is to capitalise on Jindal Stainless’ expertise in strategic material supply and the manufacturing capabilities of the MSME Technology Centre. It is also aimed at encouraging and supporting the local MSMEs by partnering with them for the production orders.
The products will find application in various components, such as motor casings, missile wings, missile launcher structures and rocket motor boosters.
Jindal Stainless managing director Abhyuday Jindal said, “Through this MoU we aim to deliver high-quality products to the defence and aerospace sectors with increased efficiency. Aligned with the government’s Atma Nirbhar Bharat initiative, it will contribute towards reducing reliance on imports.” MSME Technology Centre head Prasada Reddy G said, “Leveraging our skill development training and innovative in-house research capabilities combined with Jindal Stainless’ world-class material, we are confident that this strategic collaboration will yield unparalleled products for the defence and aerospace sectors.”
Recent News
◉ SWELECT Energy secures over 150 MW of solar module - Mar 13,2025◉ RVNL emerges as lowest bidder for Rs 554.64 crore road contract - Mar 13,2025
◉ MoU inked for developing Multi-Modal Logistics Park in Varanasi - Mar 13,2025
◉ Danfoss India to invest Rs 1,200 crore by 2028 - Mar 13,2025
◉ SJVN to develop Rs 9,500 crore pumped storage project - Mar 13,2025
◉ JNPA signs concession agreement for Rs 285-crore agri-processing facility - Mar 13,2025
◉ Montra Electric opens e-SCV manufacturing plant in Chennai - Mar 13,2025