Innomet Advanced Materials Ltd. Wins DRDO Research Project; Shares Hold Gains

Mumbai, May 8: Innomet Advanced Materials Ltd. informed the National Stock Exchange of India that it has been designated as the Co-Principal Investigator (Industry) for a Grant-in-Aid Directed Research Project under the DRDO Industry Academia – Centre of Excellence (DIA-CoE) programme, according to a regulatory filing.

The company said the project, titled “Indigenous Development of large scale (100kg) inert gas atomiser,” has been sanctioned by the Ministry of Defence through the Defence Research and Development Organisation and Indian Institute of Technology Hyderabad.

According to the disclosure, the project carries a sanctioned outlay of ₹873.26 lakh and is scheduled to be executed over a period of three years under the Grant-in-Aid scheme of the Long-Term Directed Research Policy.

Innomet said it will contribute to engineering, manufacturing, fabrication, integration and testing activities linked to the programme.

The project aims to develop large-scale inert gas atomisation technology used in the production of high-performance alloy powders for aerospace, defence and advanced engineering applications.

The initiative is part of broader efforts to strengthen indigenous advanced manufacturing capabilities and reduce dependence on imported strategic materials and specialised metal powders.

Stock Market Snapshot

Innomet Advanced Materials share price remained in focus following the project announcement.

The stock traded near ₹108 at 10:35 a.m. IST on May 10, compared with earlier levels around ₹106, according to exchange data.

The stock held on to gains during morning trade as investors tracked developments related to defence-linked research and advanced manufacturing initiatives.

Market participants have increasingly been focusing on companies involved in indigenous technology development, aerospace materials and strategic engineering programmes backed by government institutions.

Company Focuses On Advanced Materials And Powder Metallurgy

Innomet Advanced Materials Ltd. operates in the advanced materials and specialised metal powder manufacturing segment catering to aerospace, defence and industrial engineering sectors.

The company focuses on powder metallurgy technologies and high-performance material solutions used in strategic and precision engineering applications.

Government-backed research collaborations and localisation initiatives have continued opening opportunities for domestic advanced materials and engineering companies.

Conclusion

The DRDO-backed research project strengthens Innomet’s role in indigenous defence and advanced manufacturing technology development.

Source:

• https://www.nseindia.com/get-quote/equity/INNOMET/Innomet-Advanced-Materials-Limited
• https://nsearchives.nseindia.com/corporate/INNOMET_07052026172942_Intimation.pdf