Adani Enterprises shares rose 2% after announcing acquisition of 72.8% stake in Flight Simulation Technique Centre (FSTC) for Rs 820 crore enterprise value. The deal via Adani Defence expands pilot training amid surging civil/defence demand, integrating with Air Works MRO ecosystem.
Acquisition Breakdown
Adani Defence Systems & Technologies Ltd (ADSTL) and Prime Aero Services LLP finalized agreements for majority control in FSTC, India's largest independent flight training provider. FSTC operates 11 full-flight simulators, 17 training aircraft across Gurugram, Hyderabad, Bhiwani, Narnaul—DGCA/EASA certified.
Strategic Expansion
The move creates integrated aviation platform spanning civil/defence MRO and training, supporting 1,500+ aircraft inductions and armed forces simulation needs. CEO Ashish Rajvanshi highlighted cost-efficient simulator training mirroring civil aviation trends.
Key Highlights
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Stake: 72.8% in FSTC (enterprise value Rs 820 Cr).
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Assets: 11 simulators, 17 aircraft; flying schools in Haryana.
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Certifications: DGCA, EASA; expansion-ready centres.
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Market Reaction: ADEL.NS up 2% post-announcement.
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Synergies: Complements Air Works, Indamer Technics MRO.
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Outlook: Targets defence pilots, 1,500+ airline aircraft demand.
Sources: Economic Times, New Indian Express, Financial Express.