Jindal Advanced Materials ties up with Italy's MAE to invest Rs 2,700 cr in carbon fibre plant.
By PTI
Last Updated: Mar 28, 2024, 06:58:00 PM IST.
Synopsis
Jindal Advanced Materials and MAE S.p.A. join forces to invest in a carbon fibre plant, aiming to lead in carbon fibre production. Abhyuday Jindal's investment drives expansion plans for a diverse range of composite materials.
Jindal Advanced Materials and MAE S.p.A. join forces to invest in a carbon fibre plant, aiming to lead in carbon fibre production. Abhyuday Jindal's investment drives expansion plans for a diverse range of composite materials.
Composite materials producer Jindal Advanced Materials (JAM) has collaborated with Italy's MAE S.p.A. to invest Rs 2,700 crore to set up a carbon fibre plant of 3,500 metric tonnes annual capacity. With the development, JAM is set to become a key supplier of carbon fibre, a statement said.
According to the statement, JAM has signed an agreement with Italian specialty chemical fibre manufacturer MAE S.p.A. to set up India's first carbon fibre facility of 3,500 metric tonnes (MT) annual capacity at an investment of Rs 2,700 crore. The facility will offer a comprehensive range of intermediates viz prepregs, fabrics, multiaxial and carbon fibre composites catering to diverse industrial needs.
OP Jindal family scion Abhyuday Jindal has invested in the company. The company aims to penetrate industrial markets, offering lightweight carbon fibre solutions.
JAM's ambitious plan includes the production of low-tow to high-tow carbon fibres, with the capacity expansion projected to reach 10,000 MT by 2027. MAE, known for its expertise and innovation in the field, signed the agreement with JAM earlier this month at JEC Paris, the largest global industry show for composite materials. The Italian firm will provide top-tier engineering and equipment, ensuring seamless execution of the project.
The facility is expected to be operational within 30 months, and the project will cover the entire value chain - from polyacrylonitrile (PAN)- precursor to carbon fibre intermediates. JAM Director CP Agrawal said, "This collaboration aligns with the 'Make in India' initiative, reflecting JAM's dedication to advancing India's carbon fibre industry across various applications".
Jindal Advanced Materials and MAE S.p.A. are set to redefine the landscape of the carbon fibre industry, reinforcing India's position as a global leader in advanced materials manufacturing, Agrawal added.
MAE S.p.A. CEO Marco Rovellini said, "Through our combined expertise and resources, we aim to set new benchmarks in carbon fibre production, catering to the burgeoning demand in India and beyond. This ground-breaking agreement solidifies MAE's position in the global market and further inspires us to innovate and offer cutting-edge solutions globally".
Globally, composites have gained preference due to their distinct advantages, such as being over three times lighter than steel, twice as strong, corrosion-resistant, and non-conductive.
JAM, part of the larger USD 35 billion OP Jindal Group of companies, is a leading manufacturer of high-performance and innovative composite materials. It has three manufacturing plants in Haryana for various composite manufacturing processes with quality systems.
MAE S.p.A. is a global Italian manufacturer of advanced materials and solutions.
Jindal Advanced Materials ties up with Italy's MAE to invest Rs 2,700 cr in carbon fibre plant
Mr CB Ananthakrishnan, CMD, HAL: "During the year, HAL & GE signed an MoU for ToT & manufacturing of GE-414 engines in India for LCA MK2. HAL would receive 80% tech transfer for this programme which will transform the Indian Aero Engine Manufacturing Ecosystem to be self-reliant"
1 unit of 𝗣𝗿𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝗥𝗮𝗱𝗮𝗿 (𝗣𝗔𝗥) system with AMC for 10 years to HAL.
Put all defence projects under watch of honest officers of ED and FIU otherwise there will be spy scandals coming up where corrupt babus handling defence production and private company heads will be leaking secrets to Pakistan. Start with Adani group, and Reliance then expand it to other companies who are involved in defence production and R&D.
The LCA assembly line in Nasik will start production by August 2024.
Last years market research doc but was handy for company related numbers.
For the Barak-8 family, I know. But that's old news. Why are they given this status now. What new secret projects will they execute?
Possibly due to Spice, Spike atgm local production etc related future involvement? They have few new business lines opening https://www.bharatforge.com/assets/...sults/asia-roadshow-presentation-mar-fy23.pdf
Bharat Forge is making the 76 mm naval gun. I assume it is the OTO Melara 76 mm that BHEL also manufactures under license. BHEL has got some competition then. I wonder if Bharat Forge has a separate licensing agreement with the Italians or is it an extension of the same agreement they have with BHEL.
Baba Kalyani also says they are getting into making 127 mm naval main guns. He doesn't say if they are going for their own design or is it a license with a foreign OEM.
The last time the Navy put out a tender for a 127mm gun there are 2 main contenders:
1. BAE Systems Mk 45 Mod 4 naval main gun
2. Otobreda 127mm 64 cal naval main gun.
The Italians won the contest & signed a licensing agreement with BHEL to manufacture the guns in India. Then Leonardo got blacklisted. So, the Navy negotiated with BAE, who demanded an exorbitant price for those guns. So, the Navy just went back to their 76mm. That's why our large naval ships don't have a 127 mm main gun.
Recently, Leonardo was removed from the blacklist. The Navy definitely favors the Otobreda over the Mk45. I was wondering how this might go from here. Will the Navy call a separate tender again or will they activate the dormant BHEL license agreement? From the looks of it, the Navy is doing the later.
So where does Bharat Forge fit in this arrangement? Maybe both BHEL & BF will produce these guns under license & the Navy will pick the better manufacturer to order from.
The 1st ships to receive these guns would probably be the Shivalik class frigate when they are sent for their MLUs.
Both guns are indigenous developments under MAKE 1 procedure, not licensed production from Italy or anyone.
76 mm Naval Gun : https://www.makeinindiadefence.gov....bid_file/Questionnaire_of_76_mm_Naval_Gun.pdf
127 mm Medium Caliber Gun : https://www.makeinindiadefence.gov....bid_file/SoC_OF_127_MM_Medium_Caliber_Gun.pdf
