Business Economy


Adani buys 85pc stake in Air Works for Rs 400 crore

Mumbai, July 2 (UNI) Adani Enterprises Limited (AEL) has completed the acquisition of an 85.1% stake in Air Works India (Engineering) Pvt Ltd (AWIEPL) through its wholly owned subsidiary, Adani Defence Systems and Technologies Limited (ADSTL), the company officially announced in a stock exchange filing.

The all-cash transaction was valued at Rs 400 crore for the 85.1% stake in Air Works, where no equity was exchanged.

The acquisition is part of Adani Group’s plans to expand its business portfolio into the aircraft services and maintenance, repair, and overhaul (MRO) segment.
Air Works, which was established in 1951, is India's largest privately-owned aviation services and MRO company which caters to original equipment manufacturers (OEMs), aircraft owners, lessors, and airlines, both domestically and internationally.
The company is also involved in defence sector maintenance. In 2022, Air Works entered into a partnership with Boeing to carry out maintenance checks on three P-8I long-range maritime patrol and anti-submarine warfare aircraft used by the Indian Navy. The maintenance was conducted at the Hosur facility.
Air Works has a presence in 35 cities across India, with key maintenance centres located in Hosur, Mumbai, and Kochi, besides a skilled workforce of around 1,300 employees.
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Adani buys 85pc stake in Air Works for Rs 400 crore

02 Jul 2025 | 7:52 PM

Mumbai, July 2 (UNI) Adani Enterprises Limited (AEL) has completed the acquisition of an 85.1% stake in Air Works India (Engineering) Pvt Ltd (AWIEPL) through its wholly owned subsidiary, Adani Defence Systems and Technologies Limited (ADSTL), the company officially announced in a stock exchange filing.

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Third Wave Coffee launches eighth cafe in Hyderabad; 11 new cafes across several cities

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Kottayam-Kochi Rubber Market Rates

02 Jul 2025 | 5:44 PM

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Board here today per quintal
KOTTAYAM
RSS FOUR: 20150
RSS FIVE : 19850
ISNR TWENTY: 18100
SIXTY PERCENT LATEX: 14265
KOCHI
RSS FOUR : 20150
RSS FIVE : 19850
INTERNATIONAL RATES (BANGKOK)
RSS One : 19887
RSS Two : 19729
RSS Three: 19584
RSS Four : 19505
RSS Five : 19386
KUALALUMPUR
SMR TWENTY : 14701 ($171.70
SIXTY PERCENT LATEX : 12023 ($140.45)
UNI PA BM.

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ITI Ltd bags orders worth Rs 88 cr

02 Jul 2025 | 4:03 PM

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