29 Oct 2024

Tata Technologies Rises on Partnership with Air India for Aircraft Interior Revamp

Tata Technologies shares climbed to Rs. 1006.05, marking a gain of 0.63% or 6.25 points over its previous close of Rs. 999.80 on the BSE. The stock opened at Rs. 1000.55, hitting a peak of Rs. 1016.85 and a low of Rs. 1000.55 during the session, with 24,038 shares traded so far.

This BSE 'B' group stock with a face value of Rs. 2 reached a 52-week high of Rs. 1400.00 on November 30, 2023, and a 52-week low of Rs. 970.55 on August 5, 2024. Over the past week, it saw highs of Rs. 1056.80 and lows of Rs. 994.80. Tata Technologies currently has a market cap of Rs. 40,558.74 crore. The company's shareholder breakdown includes 55.22% held by promoters, with institutions and non-institutional investors holding 7.06% and 37.72%, respectively.

The company recently joined forces with Air India to redesign its aircraft interiors, aiming to provide an elevated travel experience. This partnership aligns with Air India’s recent approval from the Directorate General of Civil Aviation (DGCA) for in-house aircraft modifications, marking an important step toward operational independence and enhancement.

With extensive experience in aerospace engineering, Tata Technologies will support Air India in designing, validating, and optimizing aircraft interiors, focusing on safety, comfort, and advanced technology. The collaboration leverages Tata Technologies' strength in materials engineering, design, and safety validation, ensuring an improved travel experience for passengers and operational efficiency for the airline.

Additionally, Tata Technologies will implement digital thread solutions and innovative MRO services, supporting Air India’s goals for operational efficiency, reduced downtime, and enhanced fleet reliability—benefits that contribute to both passenger safety and an upgraded travel experience.