Rolls-Royce | Business Upturn

Rolls-Royce inks deal with Azad Engineering to manufacture critical engine components

Matrika Shukla — Wed, 05 Feb 2025 10:24:52 +0000

Rolls-Royce PLC, United Kingdom, has entered into a long-term agreement with Azad Engineering Limited, Hyderabad. The pact will see the production of civil aircraft engine components in India, with the aim of supplying super-critical, complex machined parts over the entire life of the engine program.

The agreement, disclosed under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, marks a milestone collaboration between the two global giants. By choosing to manufacture these key components in India, Rolls-Royce and Azad Engineering are set to reinforce their commitment to innovation, precision engineering, and excellence in the aerospace sector.

While the overall size of the order is not determinable at this stage, the strategic significance of the deal is underscored by its long-term nature. The detailed terms of the agreement, including the duration and execution timeline, are governed by the stipulations agreed upon by both parties.

Azad Engineering Limited, headquartered in Hyderabad, is poised to leverage its manufacturing capabilities to meet the stringent quality and performance standards required by Rolls-Royce. The collaboration is expected to not only strengthen the domestic aerospace supply chain but also boost the technological prowess and global standing of India’s engineering sector.

There are no related party transactions or conflicts of interest associated with this agreement, ensuring that the deal is executed on an arm’s-length basis.

Tata Consultancy Services partners with Rolls-Royce on hydrogen research programme

Aman Shukla — Mon, 22 Jul 2024 05:16:21 +0000

Tata Consultancy Services, a worldwide leader in IT services, consulting, and business solutions, has recently expanded its partnership with Rolls-Royce, a British multinational specialising in civil and defence aircraft, services and power systems, to promote its sustainability initiatives. This partnership includes research into hydrogen fuel system technologies, continuing to establish hydrogen might be a zero-carbon aircraft fuel in the future.

The company said in an exchange filing, “This partnership underscores TCS’s commitment to driving sustainable transformation across industries, aligning with its broader mission to harness technology for positive societal impact. The International Air Transport Association (IATA) has set ambitious targets for net zero carbon emissions by 2050, necessitating innovative sustainability solutions.”

Alan Newby, Director, Research and Technology, Rolls-Royce, said, “We welcome TCS to our hydrogen research programme and their engineering skills will play a valuable role in addressing our technology goals. We’ve already made great progress and having TCS with us gives us additional capability as we move forward on our journey to enable the energy transition for the aviation sector.”

Meanwhile, Tata Consultancy Services shares were down 0.27% at ₹4,290.75 on the NSE as of 10:44 AM.

Rolls-Royce unveils Spectre, its first all-electric model in South Korea

Aditya Bhagchandani — Fri, 16 Jun 2023 11:27:32 +0000

Rolls-Royce Motor Cars has introduced its inaugural all-electric model, named Spectre, in South Korea, marking the brand’s first foray into battery-powered vehicles in the Asia-Pacific region. Recognizing the potential for growth in Asia’s fourth-largest economy, the British automaker aims to capitalize on the expanding market demand for electric luxury vehicles.

Rolls-Royce announced that South Korea has been chosen as the first country in the Asia-Pacific region to launch the fully electric Spectre model. This strategic decision underscores the brand’s commitment to establishing a strong presence in the region. By introducing its battery-powered vehicle in South Korea, Rolls-Royce aims to leverage the country’s growing affinity for electric vehicles and its position as a key market for luxury automobiles.

The Spectre model is available in South Korea with a base price of 620 million won ($486,000), with additional costs depending on custom options. Although Rolls-Royce did not disclose the exact number of pre-orders, the company confirmed that it has received significant interest from the rapidly expanding Korean market. The ordered Spectres are expected to be delivered to customers in the fourth quarter, according to reports from Yonhap news agency.

Rolls-Royce’s sales growth in Korea is influenced by various factors, including the country’s economic climate and the rising number of businessmen. Irene Nikkein, regional director of Rolls-Royce’s Asia-Pacific operations, expressed confidence in the Korean market’s long-term growth potential, citing the country’s development and government investments. The company believes that Korea’s favorable conditions create a promising landscape for the luxury automaker to thrive in the region.

Rolls-Royce first entered the Korean market in 2004 and has steadily expanded its presence over the years. Its current lineup in Korea includes esteemed models such as the Phantom, Ghost, and Cullinan. As a subsidiary of the BMW Group, Rolls-Royce joins BMW and Mini in offering their renowned vehicles in the Korean market.

Reflecting the growing trend towards sustainable transportation, Rolls-Royce plans to electrify its entire lineup by 2030. The brand aims to align with other luxury automakers, including Bentley from the Volkswagen Group and Land Rover from Jaguar Land Rover, in embracing the transition to electric vehicles. This commitment underscores Rolls-Royce’s dedication to providing environmentally friendly and technologically advanced options for its discerning customers.

Rolls Royce Phantom registered in Amitabh Bachchan’s name seized by Transport Department in Bengaluru

Sudhanshu Mishra — Mon, 23 Aug 2021 18:31:47 +0000

The officeholder of the Transport Department in Bengaluru took crucial action on Monday. They seized more than 10 luxury cars like Rolls Royce, Ferrari, and Porsche. The unique thing is that one of these cars is registered in the name of Amitabh Bachchan.

The Transport Department of Bangalore has carried off these luxury cars for non-payment of road tax. The transport department performed a joint procedure with the traffic police and took away more than 10 luxury cars.

The authorities have taken this prosecution against owners of cars for breaking rules, using fake documents, and running without paying road tax in the city.

The authorities found cars parked in posh areas of the city during the weekend. The police reported the numbers of these luxury cars and tested the road tax, documents associated with these cars. During the investigation, the police found cars without road tax, without import duty, with inaccurate registration, fabricated documents, and documents of the old owner in these cars. Now let us tell you about how Amitabh Bachchan’s name is related to this.

Amitabh peddled his Rolls Royce Phantom a few years back, which was gifted to him by filmmaker Vidhu Vinod Chopra. In 2019, Amitabh vend Phantom worth Rs 3.5 crore to Bengaluru-based businessman Yusuf Sharif aka Scrap Babu. He manages a real estate company named Umrah Developers in Bangalore.

According to officials, Yusuf Sharif had purchased a Rolls-Royce Phantom car from Amitabh Bachchan for Rs 6 crore, while the original cost of the car was Rs 3.5 crore. But Yusuf did not get his name cited in the document as the owner of the car and started running the car. When Yusuf’s driver parked the car on MG Road, the police seized it. Later the driver went to the RTO office and requested the officials to release the car. On this, the officials said that first enlist the car in the name of Yusuf Sharif and pay the road tax till now, only then you can take the car.

Infosys and Rolls Royce tie up for aerospace engineering in India

Divya Joyce — Wed, 02 Dec 2020 08:40:53 +0000

Rolls Royce one of the world’s leading aerospace and defence technology companies and Infosys, a global leader in next-generation digital services and consulting signed a strategic partnership for sourcing engineering and R&D Services for Rolls Royce’s Civil Aerospace business. As part of the overall partnership, Rolls Royce will transition a significant part of its engineering centre capabilities for Civil Aerospace in Bengaluru to Infosys.

Speaking about the partnership, Kishore Jayaraman, President, Rolls Royce India & South Asia, said, “India has grown to become a key contributor to the Rolls Royce global engineering ecosystem, delivering high levels of technical capability to support a broad range of complex business demands. Our vision is to continue this high capability engineering work in India, in partnership with Infosys. Infosys has been a valued partner to Rolls Royce for many years, and we now look forward to building on this strategic partnership to secure the full range of our engineering capabilities here, while ensuring future growth potential for our engineering talent. We are committed to India and remain positive about the long-term prospects in this market.”

Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said, “We have always believed it is important to integrate the physical knowledge of a product with digital capabilities like Industry 4.0, additive manufacturing, and predictive analytics. The Rolls Royce engineering team at Bengaluru has been at the forefront of these innovations, and we are delighted to welcome them to Infosys. We have had a long and fruitful association with Rolls Royce and are looking forward to supporting the company in addressing the Civil Aerospace industry challenges. We are confident that this excellent talent will be a great addition to Infosys’ deep experience in turbomachinery. We look forward to continuing to deliver industry-leading solutions to our clients in the aerospace and defence sectors and beyond while providing a great career path to our new colleagues within a rapidly growing ecosystem.”

Leveraging its expertise in core engineering services, digital transformation capabilities, and Rolls Royce product knowledge acquired through the partnership, Infosys will provide a full range of high-end engineering and R&D services integrated with advanced digital service to Rolls Royce.

Over the past decade, Rolls Royce established a multidisciplinary engineering centre in Bengaluru, and this has been an integral part of Rolls Royce Engineering and R&D services. Through robust investments over the last two decades, Infosys has established an industry-leading position in engineering services and is delivering end-to-end solutions to customers in the turbomachinery, propulsion (TMP), aerospace and defence industries.

Infosys was trading flat at Rs 1,126.40 per piece down by Rs 10.85 or 0.95% from its previous closing on the BSE, as of 12.32 pm.

Rolls-Royce shares hit 16 year lows following announcement of rights issue

Chittesh Dalmia — Tue, 22 Sep 2020 05:56:19 +0000

Rolls-Royce shares hit 16-year lows on Monday after the engine maker announced its plan of a rights issue of up to 2.5 billion pounds ($3.23 billion).

Britain’s popular engineering company, which makes engines for airliners, military jets and ships, said in a statement on Saturday after months of rumours.

On Tuesday, Rolls Royce’ stock was trading at 160.70 Pounds, down by 10.3%. It fell 8% at 165 pence on Monday.

The share value has shed 76% of their value this year. If this downtrend continues, it could make it tougher to raise as much as 2.5 billion pounds from selling new shares.

The COVID-19 pandemic has hit Rolls hard as airlines pay the company according to how many hours its engines fly.

Rolls in August had said it wanted to sell turbine blade maker ITP Aero and other assets to raise at least 2 billion pounds.

It was earlier reported that Rolls-Royce is in discussions with Singapore sovereign wealth to help underpin any fundraising efforts, but UK consent may be needed under rules which limit foreign ownership (FDI) in the country.

Source: Reuters