Adani Enterprises Limited (AEL) has successfully 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 disclosed in a stock exchange filing. The deal was valued at Rs 400 crore is an all-cash transaction with no equity exchange involved. The acquisition was originally announced on December 23 2024. Adani Group Expansion Plan The Adani Group has been planning to expand in the aircraft services and maintenance repair and overhaul (MRO) segment. Gurugram based Air Works was established in 1951. It is Indias largest privately-owned aviation services and MRO company. It operates in original equipment manufacturers (OEMs) aircraft owners lessors and airlines. The company also handles defence sector maintenance. In 2022 Air Works had partnered 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.  Air Works Operations  Air Works is  in 35 cities of India and maintenance centres are in Hosur Mumbai and Kochi. There are around  1300 employees with the company. Air Works had registered revenue of Rs 293 crore in FY 2021-22 and it increased to Rs 354 crore in FY 2022–23 with a year-on-year rise of 21 per cent. In FY 2023-24 the revenue was Rs 356 crore which was a marginal increase compared to the previous year according to the exchange filing.