Project News Detail
| Project No : | 206344 |
|---|---|
| Project Title : | Nuvama invests Rs 200-cr in Val-Met Engineering to boost aerospace ecosystem |
| Company Name : | Private Company |
| Project Detail : | Nuvama Private Equity has invested in Chennai-based Val-Met Engineering by acquiring a minority stake worth Rs 200 crore, aiming to strengthen its presence in India’s rapidly growing aerospace and defence manufacturing ecosystem. The investment is part of Nuvama’s broader strategy to back high-potential companies in advanced and value-added manufacturing sectors that are benefiting from rising domestic and global demand for self-reliance. According to Pranav Parikh, Managing Partner and Head of Private Equity at Nuvama Asset Management, noted that the firm is actively evaluating additional investment opportunities in resilient businesses positioned to benefit from this structural shift. He said. “The opportunity is to further scale this business from an India focused play to a regional and eventually a global play.” Val-Met Engineering, a specialised materials supplier, is expected to use the funding to enhance technological capabilities, expand production capacity and pursue international acquisitions, with the long-term goal of becoming a global player. The company plays a critical role in supply chains supporting high-growth sectors, and the investment is expected to strengthen India’s manufacturing ecosystem while also supporting export-oriented growth in precision engineering domain, strengthening innovation capacity. |
| Project Location : | Multi Location (Multi State) - Multi State - India |
| Project Estimation : | Refer Document |
| Status : | Announced |