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Unimech Aerospace inks JV deal with historic Gulf conglomerate Yusuf Bin Ahmed Kanoo

News by Aliceblue News Desk

21 Jan 2026

Unimech Aerospace inks JV deal with historic Gulf conglomerate Yusuf Bin Ahmed Kanoo

Introduction

Leading aerospace and manufacturing firm approved a joint venture with Yusuf Bin Ahmed Kanoo Company to establish a new company in Saudi Arabia, leveraging Gulf region operations.

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Share price movement of Unimech Aerospace

On January 20, 2026, Unimech Aerospace and Manufacturing Ltd opened at ₹902.85, down 0.00% from its previous close of ₹902.85. The stock reached a high of ₹910.00 (0.81%) and a low of ₹889.00 (-1.55%). By 4:01 PM, it traded at ₹892.25, a 1.17% decrease, with a market cap of ₹4,537.71 crore.

Unimech Aerospace Signs Saudi JV

Unimech Aerospace and Manufacturing Limited approved a joint venture agreement with Yusuf Bin Ahmed Kanoo Company Limited (YBAK), Saudi Arabia, to form a new company in Saudi Arabia.

YBAK, founded in Bahrain in 1890, is a diversified family-owned business. It operates in shipping, logistics, energy, chemicals, oil, gas, power, water, real estate, and industrial sectors across the Gulf region.

The joint venture aims to leverage YBAK’s regional presence in Saudi Arabia, Bahrain, UAE, Oman, and Qatar. Unimech will provide SEBI-required disclosures once the agreement is executed.

Stock performance of Unimech Aerospace for Period of 1 week, 6 months, and 1 year

Unimech Aerospace and Manufacturing Ltd delivered a 1.12% return over the past week, declined 24.4% in the past 6 months, and fell 29.5% over the past 1 year.

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Shareholding pattern of Unimech Aerospace

ParticularsDec 2025Sep 2025Jun 2025
Promoter79.80%79.80%80%
FII0.40%0.20%0.20%
DII7%7%6%
Public13.30%13.40%13.60%

About Unimech Aerospace

Unimech Aerospace and Manufacturing Ltd (NSE: UNIMECH) is a high-precision engineering company producing aero tooling, precision components, and mechanical assemblies for aircraft, defense, power, and semiconductor sectors globally.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Unimech Aerospace and Manufacturing Ltd share price in focus today?

A: Unimech Aerospace and Manufacturing Ltd forms joint venture with Yusuf Bin Ahmed Kanoo Company in Saudi Arabia to establish a new company.

Q: What is Unimech Aerospace and Manufacturing Ltd’s main business focus?

A: Unimech Aerospace and Manufacturing Ltd specializes in high-precision engineering, producing aero tooling, precision components, and mechanical assemblies for multiple global sectors.

Q: What is the 52-week high and low of Unimech Aerospace and Manufacturing Ltd stock?

A: Unimech Aerospace and Manufacturing Ltd (UNIMECH) stock has a 52-week high of ₹1,397.00 and a 52-week low of ₹851.20.

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