Adani Defence Systems: Adani Defence Systems and Technologies Ltd. has agreed to acquire an 85.8% stake in Air Works India (Engineering) Pvt., one of India’s largest private-sector MRO (maintenance, repair, and overhaul) companies.
“For us, creating a presence in the maintenance, repair and overhaul sector is more than just a strategic step, it’s a commitment to building an integrated aviation services ecosystem that` strengthens the backbone of India’s aviation infrastructure,” Jeet Adani, director of Adani Airports, said according to Ndtvprofit.
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This acquisition, formalized through a share purchase agreement, was disclosed by Adani Enterprises Ltd. via exchange filings with the National Stock Exchange and the BSE. The transaction is not categorized as a related-party deal.
“Our vision is to deliver a full-spectrum MRO offering—spanning line, base, component, and engine maintenance—to meet the needs of both commercial and defence aviation sectors,” Ashish Rajvanshi, chief executive officer of Adani Defence & Aerospace, said. “In a time when atma nirbharta in defence is a national imperative, we stand fully committed to scaling domestic capabilities to serve both our armed forces and the broader aviation sector.”
Adani Defence has been expanding its footprint in defence and aerospace. Earlier, on December 14, Israeli company Elbit Systems acquired a 44% stake in Atharva Advanced Systems and Technologies Ltd, a subsidiary of Adani Defence. Elbit Systems aims to develop and produce autonomous aerial technologies and systems for defence applications through this partnership.
