Adani Enterprises Acquires 14.2% Stake in Air Works via Punj Lloyd Aviation Agreement Adani Enterprises Limited announced on March 1, 2026, that its subsidiary, ADSTL, executed an agreement with Punj Lloyd Aviation to acquire a 14.2% stake in Air Works. This marks a significant expansion in the company’s aviation sector holdings, as the acquisition aligns with Adani’s broader strategy to strengthen its presence in aerospace and defense industries. The deal was finalized following prior steps, including the completion of the acquisition of the same stake in Air Works India on March 11, 2026, as reported by the company. The partnership with Punj Lloyd Aviation underscores Adani’s growing influence in the aviation sector, where it has already made strides through its subsidiaries such as Adani Airports and Adani Aerospace. The acquisition of Air Works, a company specializing in aircraft maintenance and repair services, is expected to bolster Adani’s capabilities in supporting commercial and military aviation operations. This move also complements recent investments in defense-related ventures, including the acquisition of a defense unit from Punj Lloyd, which was completed by Adani’s unit on March 11. The agreement comes amid a series of strategic moves by Adani Enterprises, which has been diversifying its portfolio across sectors such as energy, logistics, and infrastructure. The company’s recent activities include the formation of a new subsidiary for highway operations and the incorporation of Corr Tollways, reflecting its focus on expanding infrastructure projects in India. Additionally, Adani has been actively involved in partnerships, such as the collaboration with IndiGo to offer duty-free shopping experiences on flights, further integrating its business interests across multiple domains.#adani_enterprises #punj_lloyd_aviation #air_works #adani_airports #adani_aerospace
