In a first for a private company in India, Skanda Aerospace Technology Pvt Ltd (SATPL) on Thursday announced its plan to invest Rs 250 crore to set up a gearbox manufacturing facility at Hyderabad.
SATPL is a joint venture (JV) between the Hyderabad-based Raghu Vamsi Machine Tools (RMVT) and Texas-based Rave Gears LLC.
This production facility will be India’s first private company with the capability to manufacture helicopter gears and gearboxes. Given the growing demand for helicopters manufactured by Hindustan Aeronautics Ltd (HAL), there is likely to be a significant demand for gearboxes and drive trains.
