Adani Unit Acquires Full Stake in Indamer Technics in MRO Push

13 Aug 2025 CW Team

Adani Defence Systems and Technologies Limited (ADSTL), through its venture Horizon Aero Solutions Limited and in partnership with Prime Aero Services LLP, has signed a definitive agreement to acquire a 100 per cent stake in Indamer Technics Private Limited (ITPL). Horizon is a 50:50 joint venture between ADSTL and Prime Aero, owned by Prajay Patel, director of Indamer Technics.

In a regulatory filing, Adani Enterprises said the acquisition strengthens its presence in the aviation Maintenance, Repair, and Overhaul (MRO) sector.

Located in the MIHAN Special Economic Zone (SEZ) at Nagpur, ITPL operates a state-of-the-art 30-acre greenfield facility with capacity for 15 aircraft bays across 10 hangars. Approved by the Directorate General of Civil Aviation (DGCA), the US Federal Aviation Administration (FAA), and other global regulators, ITPL provides a full range of MRO services including lease return checks, heavy C-checks, structural repairs, and aircraft painting for domestic and international clients.

Jeet Adani, Director of Adani Airports, said the deal was a step towards making India a leading global MRO hub and building an integrated aviation services ecosystem. Ashish Rajvanshi, CEO of Adani Defence & Aerospace, said that following the acquisition of Air Works, the addition of ITPL further consolidates Adani’s position as the largest private-sector MRO provider in the country.

Prajay Patel, Director of Indamer Technics and Prime Aero, described the collaboration as a blend of engineering expertise, strong infrastructure, and growth capital.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..