NewsInnomet Advanced Materials Designated as Co-Principal Investigator for DRDO Grant-in-Aid Research Project Worth Rs 873.26 LakhsInnomet Advanced Materials Designated as Co-Principal Investigator for DRDO Grant-in-Aid Research Project Worth Rs 873.26 Lakhs
Innomet Advanced Materials Limited has been designated as Co-Principal Investigator (Industry) for a DRDO Grant-in-Aid Directed Research Project titled "Indigenous Development of large scale (100kg) inert gas atomiser," sanctioned through DIA-CoE at IIT (BHU) in collaboration with IIT Hyderabad. The project carries a total sanctioned outlay of Rs 873.26 Lakhs and is to be executed over 3 years under the Long-Term Directed Research Policy. The company will contribute towards engineering, manufacturing, fabrication, integration, and testing of sub-systems for large-scale inert gas atomization technology targeting aerospace, defence, and advanced engineering applications. The disclosure was made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, and filed on 07.05.2026.
*this image is generated using AI for illustrative purposes only.
Innomet Advanced Materials Limited has been designated as the Co-Principal Investigator (Industry) for a significant Grant-in-Aid Directed Research Project sanctioned by the Government of India's Ministry of Defence through the Defence Research & Development Organisation (DRDO). The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was filed on 07.05.2026.
Project Overview
The project, titled "Indigenous Development of large scale (100kg) inert gas atomiser," has been sanctioned under the DRDO Industry Academia – Centre of Excellence (DIA-CoE) at IIT (BHU), in collaboration with IIT Hyderabad. With a total sanctioned outlay of Rs 873.26 Lakhs and a project duration of 3 years, the initiative falls under the Grant-in-Aid scheme of the Long-Term Directed Research Policy. The project is domestic in nature, and the promoter/promoter group/group companies have no interest in the awarding entity. The transaction does not fall within related party transactions.
Key Project Details
The following table summarises the key parameters of the sanctioned project as disclosed under Regulation 30:
| Parameter: | Details |
|---|---|
| Awarding Entity: | Defence Research & Development Organisation (DRDO) through DIA-CoE, IIT (BHU) |
| Project Title: | Indigenous Development of large scale (100kg) inert gas atomiser |
| Nature of Project: | Grant-in-Aid Directed Research Project under DIA-CoE |
| Collaboration: | IIT Hyderabad |
| Total Project Outlay: | Rs 873.26 Lakhs |
| Project Duration: | 3 Years |
| Domestic/International: | Domestic |
| Related Party Transaction: | No |
Scope and Innomet's Role
The primary objective of the project is the indigenous development of a large-scale inert gas atomization facility for manufacturing high-performance alloy powders intended for aerospace, defence, and advanced engineering applications. Innomet Advanced Materials Limited's contribution to the project will span multiple technical domains, including:
- Engineering of sub-systems related to the inert gas atomization technology
- Manufacturing and fabrication of key project components
- Integration and testing of the developed sub-systems
This designation as Co-Principal Investigator (Industry) positions Innomet Advanced Materials Limited as a central industrial partner in the indigenisation effort, working alongside premier academic institutions under the DRDO framework.
Regulatory Disclosure
The intimation was signed by Saritha Devi Chilakapati, Whole-Time Director & CFO of Innomet Advanced Materials Limited, and submitted to the Listing Department of the National Stock Exchange of India Limited. The disclosure was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Historical Stock Returns for Innomet Advanced Materials
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.77% | +12.03% | +24.77% | -17.91% | -15.04% | -48.87% |
How might successful completion of the 100kg inert gas atomiser project position Innomet Advanced Materials to compete for larger DRDO production contracts in aerospace and defence powder metallurgy?
Could this DRDO collaboration accelerate Innomet's ability to achieve commercial-scale manufacturing of high-performance alloy powders, and what impact might that have on its revenue trajectory over the next 3-5 years?
What are the potential export opportunities for indigenously developed inert gas atomization technology once the project matures, given India's push to become a global defence manufacturing hub?
20
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
