Adani Protection buys aviation upkeep firm Air Works for Rs 400 cr, seems to be to strengthen its presence within the MRO sector

Adani Protection Methods & Applied sciences Ltd. (ADSTL) has signed a definitive settlement to amass an 85.8% stake in aviation upkeep firm Air Works India for an enterprise worth of ₹400 crore. The acquisition marks a major growth within the Indian upkeep, restore and overhaul (MRO) sector, bringing collectively one of many nation’s largest personal gamers beneath the Adani umbrella.

Air Works, a key participant within the aviation providers sector, operates throughout 35 cities in India and employs over 1,300 individuals. The corporate gives a variety of providers together with line upkeep, heavy checks and avionics work for mounted and rotary wing plane. It additionally offers fundamental upkeep of narrow-body and turboprop plane at its services in Hosur, Mumbai and Kochi, with certifications from over 20 worldwide civil aviation authorities.

Along with its business aviation providers, Air Works has developed experience in protection MRO, enterprise tasks for plane utilized by the Indian Navy and Air Power. The acquisition by Adani Protection is seen as an effort to consolidate and broaden its presence within the business and protection aviation sectors.

Jeet Adani, Director of Adani Airports, highlighted the rising significance of the aviation sector in India, saying: “The nation is on monitor to develop into a world aviation hub, with a fast enhance within the dimension of its fleet and its connectivity. This acquisition permits us to strengthen our place within the MRO sector, which is a essential a part of the aviation worth chain.

In line with Adani Protection, the settlement is a part of ongoing efforts to strengthen nationwide capabilities within the protection sector beneath the federal government’s Aatmanirbhar Bharat initiative. Ashish Rajvanshi, CEO of Adani Protection & Aerospace, famous that the acquisition would allow Adani to broaden its choices within the aviation sector whereas assembly the upkeep wants of business operators and armed forces.

Air Works has been a number one participant within the Indian aviation business for many years, providing providers to home and worldwide purchasers. With this acquisition, Adani Protection goals to combine Air Works’ experience into its broader technique to develop a complete aviation providers ecosystem.

About Adani Protection & Aerospace
Adani Protection & Aerospace, a subsidiary of the Adani Group, focuses on growing merchandise and options for the Indian protection sector. Its actions embrace partnerships with start-ups and MSMEs, fostering innovation and contributing to the nation’s self-reliance in protection manufacturing.

This acquisition comes at a time when the Indian aviation sector is experiencing important development, creating alternatives for growth in upkeep and restore providers to satisfy the rising fleet dimension and connectivity calls for.