Adani Defence To Buy Majority Stake In FSTC For Rs 8.2 Billion
DEFENSE

Adani Defence To Buy Majority Stake In FSTC For Rs 8.2 Billion

Adani Defence Systems & Technologies Ltd (ADSTL), in partnership with Prime Aero Services LLP, is set to acquire a majority stake in Flight Simulation Technique Centre Pvt Ltd (FSTC) for an enterprise value of Rs 8.2 billion. FSTC is India’s largest independent provider of flight training and simulation services.

FSTC operates 11 advanced full-flight simulators and 17 training aircraft, and is certified by both the DGCA and EASA. The company runs state-of-the-art simulation centres in Gurugram and Hyderabad, with significant room for expansion. It also manages one of India’s largest flying schools, located in Bhiwani and Narnaul in Haryana.

Adani Enterprises said India’s defence pilot training ecosystem is emerging as a major opportunity, reflecting global trends in civil aviation where simulator-based training reduces costs while enhancing safety and efficiency. FSTC has laid out strong plans to scale across both defence and civil aviation domains.

According to Ashish Rajvanshi, CEO of Adani Defence & Aerospace, the acquisition marks the next step in building a fully integrated aviation services platform. With FSTC joining Air Works and Indamer Technics, the group can now cater to customers across civil MRO, general aviation MRO, defence MRO and full-stack flight training.

“With Indian airlines expected to induct more than 1,500 aircraft, the need for certified pilots will rise sharply. At the same time, the government’s push for advanced training and mission rehearsal for the armed forces creates new opportunities in defence simulation. In line with our philosophy of supporting a secure nation, we aim to back the next generation of Indian defence pilots,” Rajvanshi said.

ADSTL is a subsidiary of Adani Enterprises Ltd (AEL). Horizon Aero Solutions Ltd (HASL), a joint venture between ADSTL and Prime Aero Services LLP, is a step-down subsidiary of AEL.

Adani Defence Systems & Technologies Ltd (ADSTL), in partnership with Prime Aero Services LLP, is set to acquire a majority stake in Flight Simulation Technique Centre Pvt Ltd (FSTC) for an enterprise value of Rs 8.2 billion. FSTC is India’s largest independent provider of flight training and simulation services. FSTC operates 11 advanced full-flight simulators and 17 training aircraft, and is certified by both the DGCA and EASA. The company runs state-of-the-art simulation centres in Gurugram and Hyderabad, with significant room for expansion. It also manages one of India’s largest flying schools, located in Bhiwani and Narnaul in Haryana. Adani Enterprises said India’s defence pilot training ecosystem is emerging as a major opportunity, reflecting global trends in civil aviation where simulator-based training reduces costs while enhancing safety and efficiency. FSTC has laid out strong plans to scale across both defence and civil aviation domains. According to Ashish Rajvanshi, CEO of Adani Defence & Aerospace, the acquisition marks the next step in building a fully integrated aviation services platform. With FSTC joining Air Works and Indamer Technics, the group can now cater to customers across civil MRO, general aviation MRO, defence MRO and full-stack flight training. “With Indian airlines expected to induct more than 1,500 aircraft, the need for certified pilots will rise sharply. At the same time, the government’s push for advanced training and mission rehearsal for the armed forces creates new opportunities in defence simulation. In line with our philosophy of supporting a secure nation, we aim to back the next generation of Indian defence pilots,” Rajvanshi said. ADSTL is a subsidiary of Adani Enterprises Ltd (AEL). Horizon Aero Solutions Ltd (HASL), a joint venture between ADSTL and Prime Aero Services LLP, is a step-down subsidiary of AEL.

Next Story
Infrastructure Urban

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Next Story
Infrastructure Urban

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Next Story
Infrastructure Energy

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement