Toronto, Ontario / Belagavi, Karnataka, India – 6 March 2025 – Magellan
Aerospace Corporation (“Magellan”) announced the signing of a Memorandum of Understanding (MOU) today with Aequs Private Limited (“Aequs”) to explore the development of a business plan for setting up a 50/50 jointly-owned aerospace sand casting facility situated at the Belagavi Aerospace Cluster (BAC),in Karnataka, India.
The proposed facility aims to meet the sand casting demands in the growing aerospace industry. This increasedsand-casting capacity would support both commercial and defence sectors.
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