This company plans to invest Rs 12000000000 in Andhra, not Mukesh Ambani’s Reliance, Narayana Murthy’s Infosys, Microsoft, Wipro , Adani Group, name is….

Aerospace project from Raymonds: In a significant development for the Raymond Limited, Raymonds Group has announced that Raymond Ltd will invest Rs 1,200 crore to set up manufacturing units for garments, auto parts, and aerospace components in the state of in Andhra Pradesh. In the new development, it has been announced that the new facilities will come up in the Hindupur region of the state. Here are all the details you need to know about the Aerospace project from Raymonds Ltd.

Aerospace project from Raymonds Ltd

As per a report by Moneycontrol, the aerospace project of the Raymonds Ltd is the first such investment in the segment since the success of Operation Sindoor as the Chandrababu Naidu government wants to develop the region bordering Bengaluru on the Andhra side as an aerospace corridor.

In a step to boost the industrial development in the state, the Andhra Pradesh government under the leadership of Chief Minister N Chandrababu Naidu, also approved investment proposals worth Rs 28,546 crore at the 7th meeting of the State Investment Promotion Board (SIPB).

Raymond Lifestyle suffers Rs 45 crore net loss in Q4

In another significant update for Reymonds, Raymond Lifestyle recently reported a consolidated net loss of Rs 45 crore for the fourth quarter (Q4) of FY25, compared to net profit of Rs 236 crore in the same period last fiscal (Q4 FY24). As per a report by IANS news agency, the poor performance was largely due to a significant drop in revenue and margins, as well as rising costs.

The company’s revenue from operations fell 11.3 per cent year-on-year (YoY) to Rs 1,494 crore in Q4, down from Rs 1,684 crore in Q4 FY24. The fall in revenue was attributed to weak consumer demand and the impact of a ransomware attack, which disrupted operations, according to its stock exchange filing.
Executive Chairman Gautam Singhania said the company’s performance was under pressure due to weak consumer sentiment and difficult macro-economic conditions.

“Our performance this year was under pressure, primarily due to weak consumer demand and challenging macro-economic conditions,” Singhania stated.

(With inputs from agencies)

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