Adani, Punj Lloyd, Rave Gears Partner for Development of High Precision Gears | CORPORATE ETHOS

Adani, Punj Lloyd, Rave Gears Partner for Development of High Precision Gears

By: | April 12, 2018
defence

Apr 12: Gujarat-based Adani Group on Thursday announced a partnership with Punj Lloyd, an international EPC contractor, and US-based Rave Gears to collaborate for the design, manufacture and assembly of high precision gears and transmission systems for rotary platforms at DefExpo 2018.

According to Adani Enterprises, the collaboration intends to manufacture gears and gear assemblies mainly for rotary platforms, currently under production in India for HAL, and for future programs like the Naval Utility Helicopters and Naval Multi Role Helicopters. The collaboration will use the manufacturing base in India for exports to global OEMs, both in the military and civil aerospace domain.

The three companies aim at increasing self-reliance at the Tier-I level, which will be critical for system integration of platforms in India. The collaboration furthers the indigenisation agenda under ‘Make in India’ program and will bring state of the art technology to the country.

“Punj Lloyd has been at the forefront of building industrial capabilites in defence manufacturing in the country across various domains, from small arms to artillery guns. This collaboration will enable India to achieve indigenisation in one of the most critical components in rotary platforms,” said Ashok Wadhawan, President, Manufacturing Business at Punj Lloyd.

On this new association, Rave CEO, Nick Patel said, “we at Rave are extremely excited at the immense potential that unfolds with this JV. It is an opportunity for Rave to do what its best at; offer technology which led Rave to conquer NASCAR market in 3 years and achieve 70% cost and 68% cycle time reduction to Bell Helicopter among several other achievements.” Rave, which has major aerospace & defense OEMs, US Government and major NASCAR & Formula 1 Team as its customers, covers drone, aerospace and racing markets.

According to Ashish Rajvanshi, Head of Adani Defence & Aerospace, “the collaboration is another step in Adani Group’s vision of creating a vibrant defence manufacturing ecosystem by bringing world-class capabilities to the country. It will help establish new production lines in India, generate employment and build sustainable skills.”