Adani Defence and Aerospace has acquired Air Works, a leading aircraft maintenance, repair, and overhaul (MRO) firm, for approximately Rs 400 crore. This strategic acquisition is aimed at strengthening Adani Defence’s position in the rapidly growing MRO sector, which has seen increasing demand due to the expanding aviation industry in India.
Source:- ET
Air Works, with over 70 years of experience, is one of the oldest and most reputable MRO companies in India, offering services for both civil and military aircraft. The company operates across various facilities in the country, providing comprehensive services, including heavy maintenance, modifications, and engineering solutions. Air Works’ diverse capabilities will complement Adani Defence’s existing portfolio, which includes the development and manufacturing of defence products, systems, and platforms.
Source:- bbc news
The deal underscores Adani Defence’s commitment to diversifying its business and tapping into the highly lucrative MRO industry. As India’s aviation sector continues to grow, the need for high-quality aircraft maintenance services is expected to rise significantly. This acquisition is also expected to boost local capabilities, Reducing reliance on foreign MRO service providers and strengthening India’s position in the global aerospace ecosystem.
The Adani Group’s expanding footprint in the defence and aerospace sectors, along with its investment in infrastructure and technology, is expected to further enhance its capabilities in this critical industry. The company plans to leverage Air Works’ established infrastructure and expertise to offer a wider range of services to both domestic and international clients.
This acquisition aligns with the Indian government’s push to promote self-reliance in defence manufacturing and services under the “Atmanirbhar Bharat” initiative, as well as its efforts to boost India’s aerospace and aviation sector.
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