Walchandnagar Industries Secures ₹307.5 Crore Contract from VSSC for Space Hardware Mar 31, 2025
More news about Walchandnagar Industries
21Mar 25
Walchandnagar Industries Halts Production at Satara Plant Amid Labor Unrest
Walchandnagar Industries Limited has temporarily suspended production at its Satara plant from March 20, 2025, due to labor issues. The company estimates a daily loss of Rs. 10 lakh. The suspension resulted from workers' resistance to relocation attempts. Other plants in Walchandnagar, Pune, and Dharwad remain operational. Management promises updates on resumption of operations.
05Mar 25
Walchandnagar Industries Expands Defense Portfolio with Strategic Acquisition of AICITTA
Walchandnagar Industries Limited (WIL) has acquired a 60.3% stake in AICITTA Intelligent Technology Private Limited, a defense startup specializing in Unmanned Ground Vehicles (UGVs), for ₹16 crore. The deal, announced on March 4, 2025, will be completed in tranches over 31 months, making AICITTA a wholly-owned subsidiary of WIL. This acquisition provides WIL access to next-generation defense technologies and a potential market opportunity of ₹1,400 crore through AICITTA's existing Project Sanction Order. Two working prototypes are expected to be ready for trials within 46 weeks.
04Mar 25
Walchandnagar Industries to Acquire 60.3% Stake in Defense Tech Startup Aicitta for ₹16 Crore
Walchandnagar Industries Limited is set to acquire a 60.3% stake in Aicitta Intelligent Technology Private Limited, a Bangalore-based defense tech startup, for ₹16 crore. The acquisition, to be completed in tranches over 31 months, aims to expand Walchandnagar's presence in the defense sector, particularly in unmanned systems. Aicitta will become a subsidiary of Walchandnagar, with the first investment tranche expected to close within 45-60 days.