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Adani Group Eyes to Enter Engine MRO and Aircraft Conversion Services

Written by: Team Angel OneUpdated on: 22 Dec 2025, 8:37 pm IST
Adani Group plans to expand into engine MRO and passenger-to-freighter conversion as it scales its aircraft services business amid India’s aviation boom.
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Adani Group eyes to deepen its aviation footprint by entering engine maintenance, repair and overhaul (MRO) and passenger-aircraft-to-freighter (P2F) conversion, as the conglomerate positions itself for sustained growth in India’s fast-expanding aviation market, as per The Economic Times report 

Aviation services expansion 

The group has ring-fenced its aviation operations into 2 verticals: airport infrastructure and aircraft services with the latter spanning civilian and defence applications.  

“We have separated the two (aviation). One is the airport infrastructure and the other one is the aircraft services business. So that can include dual use, defence and civilian use. So, between Indamer and Air Works (MROs), we are now combining the platform into a single giant MRO company,” Jeet Adani, Director of Adani Airport Holdings Ltd (AAHL), told PTI. 

Highlighting MRO as a high-growth segment, he said that the company is expanding to increase capabilities on landing gear, paint, P2F (passenger-to-freighter) conversions, and hopefully at some point, engines. 

Acquisitions and Capacity Build-up 

The group entered the MRO space in December last year with the acquisition of Air Works for an enterprise value of ₹400 crore, strengthening its presence in defence aviation maintenance. 

Further expansion followed last month when Adani Defence Systems and Technologies Ltd, through Horizon Aero Solutions Ltd and in partnership with Prime Aero Services LLP, signed a definitive agreement to acquire 100% of Indamer Technics Pvt Ltd.  

Separately, Adani Defence acquired a 72.8% stake in Flight Simulation Technique Centre (FSTC) for ₹820 crore, marking its entry into pilot training. 

Read More: Adani Group Eyes Large-Scale Entry into India’s Hospitality Sector! 

Conclusion 

The aviation push comes as Adani Group announced plans to invest ₹1 lakh crore in its airports business over the next five years, while projecting 10–15% growth in India’s aviation sector over the next decade to decade-and-a-half. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Dec 22, 2025, 3:07 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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