Adani Defence Systems & Technologies Ltd (ADSTL) has announced the acquisition of an 85.8% stake in Air Works, India’s largest private-sector Maintenance, Repair, and Overhaul (MRO) company. The deal, valued at an enterprise value of Rs 400 crore, marks a significant step in the group’s strategy to enhance its capabilities within the aviation sector, particularly in defence MRO services.

Air Works, with operations across 35 cities and a workforce of more than 1,300 personnel, is known for its comprehensive range of aviation services. The company is capable of servicing both fixed-wing and rotary-wing aircraft, including line maintenance, heavy checks, interior refurbishment, painting, avionics, and asset management services. Its expertise extends across narrow-body, turboprop, and rotary aircraft maintenance, with facilities in Hosur, Mumbai, and Kochi, all supported by regulatory approvals from civil aviation authorities in more than 20 countries.