Related News

The Microsoft logo and lettering can be seen on the Microsoft Deutschland GmbH headquarters building in Parkstadt Schwabing in Munich. Matthias Balk | Picture Alliance | Getty Images Microsoft said

Pinterest plans to cut its workforce by 15% this year, a move the company said will allow it to reallocate resources to the build-out of its artificial intelligence capabilities. The

Pinterest said it fired two engineers who built an internal tool to track which employees had been laid off following a recent round of job cuts at the social media

AI startup ElevenLabs announced on Wednesday it had raised $500 million at an $11 billion valuation, as it eyes a potential IPO. Sequoia Capital led the round, with participation from

Advanced Micro Devices CEO Lisa Su defended the company’s lackluster forecast, telling CNBC on Wednesday that the chipmaker has seen a step up in demand over the last two to

Dario Amodei, co-founder and chief executive officer of Anthropic, during a Bloomberg Television interview in San Francisco, California, US, on Tuesday, Dec. 9, 2025. David Paul Morris | Bloomberg |

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Adani expands aircraft MRO biz, buys Nagpur firm Indamer

Word Count: 590 | Estimated Reading Time: 3 minutes


Adani expands aircraft MRO biz, buys Nagpur firm Indamer

NEW DELHI: The Adani Group has further expanded its presence in the maintenance, repair and overhaul (MRO) space. After acquiring Air Works, it has now bought another major MRO player in Nagpur.Adani Defence Systems and Technologies (ADSTL), through its joint venture Horizon Aero Solutions, has signed a definitive agreement to acquire a 100% stake in Indamer Technics (ITPL), one of India’s leading private-sector MRO providers. Horizon is a 50-50 partnership between ADSTL and Prime Aero Services LLP, a company owned by Prajay Patel, the director of Indamer Technics. Located at Nagpur in the MIHAN special economic zone (SEZ), ITPL has a facility on the 30-acre site that can accommodate 15 aircraft bays across 10 hangars. Approved by DGCA, FAA (USA) and other global civil aviation regulators, ITPL offers MRO services like lease return checks, heavy c-checks, structural repairs, and aircraft painting to Indian and global customers.Adani Airports director Jeet Adani said: “This acquisition is the next step in our push to establish India as a premier global MRO destination. It also reinforces our commitment to building an integrated aviation services ecosystem that strengthens India’s aviation infrastructure. Our goal is to create a single-point aviation services platform that is driven by world-class quality standards and customer satisfaction. We are determined to play a pivotal role in shaping the future of India’s skies.” “With Indian carriers set to induct more than 1,500 aircraft in coming years, we are on the cusp of a new era,” Adani added.





Source link

Most Popular Articles