Walchandnagar Industries Limited (India) supplies infrastructure and facilities for the production of the surface-to-air short-range Akash missile and the launching systems for Agni and Akash missiles for the Indian arsenal. It also manufactures the main thrust motor casing segment for the intercontinental ballistic Agni-V missile.
Walchandnagar Industries Limited (“WIL”), based in India, is a heavy engineering and project execution company with activities in the areas of aerospace and defence, mining and metals, power plants, and other hi-tech and engineering sectors.[a]
In the financial year ending 30 September 2015, WIL generated revenues of Rp 5.6 billion (€ 75.1 million), resulting in a net loss of Rp 601.0 million (€ 8.1 million).[b]
Walchandnagar Industries Ltd.
3 Walchand Terraces, Tardeo Road,
Mumbai – 400 034, Maharashtra, India.
+91 (022) 4028 7110 / 2369 2295
WIL supplies critical equipment for India’s Nuclear Program, including infrastructure and facilities for the production of combustion chambers for the surface-to-air short-range Akash missile and the launching systems for Agni and Akash missiles.[i] For the intercontinental ballistic Agni-V missile, WIL Aerospace department manufactured the main thrust motor casing segment. The Agni-V missile, which can carry a nuclear warhead of over one tonne, was test fired in January 2015.[ii]
The following financial institutions, all based in India, have made approximately US$ 16 million available to this producer since January 2013.
- Lalitabai Lalchand Charity
- Life Insurance Corporation of India
- Olsson Holdings
- Reliance Capital
- Rodin Holdings
This page was last updated 29 November 2016.
[a] Walchandnagar Industries, “About WIL”, Website Walchandnagar Industries (www.walchand.com/), viewed June 2016.
[b] Walchandnagar Industries, “Statement of Unaudited Results for the Quarter and Twelve Months Ended on September 30, 2015”, Walchandnagar Industries, November 2015 (http://www.walchand.com/wp-content/uploads/2015/11/Unaudited-financial-result-for-Q4-ended-30.09.2015.pdf).
[i] Walchandnagar Industries, “Defence & Missiles”, Website Walchandnagar Industries (www.walchand.com/business-area/defence-missile/), viewed June 2016;
Walchandnagar Industries, “Overview”, Website Walchandnagar Industries (www.walchand.com/about-us/company-profile/overview/, viewed June 2016.
[ii] Walchandnagar Industries, “Walchandnagar’s Significant Contribution in the launch of Agni-V”, News release Walchandnagar Industries, 31 January 2015 (www.walchand.com/wp-content/uploads/2015/02/WIL-contribution-in-the-launch-of-Agni-V.pdf);
Shukla, A., “DRDO chief Chander exits with successful launch of Agni-5”, Website Business Standard, 31 January 2015 (www.business-standard.com/article/current-affairs/drdo-chief-chander-exits-with-successful-launch-of-agni-5-115013101091_1.html).