Adani Enterprises shares rise 2.5% after unit buys 73% stake in Flight Simulation Technique Centre for Rs 820 cr

Adani Enterprises shares rise 2.5% after unit buys 73% stake in Flight Simulation Technique Centre for Rs 820 cr

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26 Aug, 2025 12:21

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Shares of Adani Enterprises rose 2.5% on November 28 to Rs 2,311 apiece to emerge as top Nifty gainer a day after Adani Group said it will buy a 72.8% stake in Flight Simulation Technique Centre (FSTC) for Rs 820 crore, marking the conglomerate's foray into the pilot training segment.

FSTC operates 11 advanced full-flight simulators and 17 training aircraft, providing training for commercial pilot licences to type ratings, recurrent training and specialised skill courses.

It runs simulation centres in Gurugram (Haryana) and Hyderabad (Telangana), and also operates flying schools at Bhiwani and Narnaul in Haryana.

Adani Defence Systems and Technologies Ltd (ADSTL), a wholly-owned subsidiary of Adani Enterprises, and Horizon Aero Solutions Ltd (HASL) will snap up a 72.8% stake in FSTC.

HASL is 50% owned by ADSTL, and the remaining shareholding rests with Prime Aero Services LLP.

The conglomerate already has its presence in the airport and MRO sector.

India's defence pilot training ecosystem is emerging as a major opportunity, mirroring trends in civil aviation where simulator-based training lowers costs and improves safety and efficiency, the company said.

FSTC has outlined robust growth plans to scale across both defence and civil domains, it said. It operates one of India's largest flying schools at Haryana's Bhiwani and Narnaul.

"This acquisition is the next step in our strategy to build a fully integrated aviation services platform. With FSTC joining Air Works and Indamer Technics, we can now serve customers across civil MRO, general aviation MRO (Maintenance, Repair and Overhaul), defence MRO and full-stack flight training," said Ashish Rajvanshi, CEO, Adni Defence & Aerospace.

"With Indian airlines expected to induct over 1,500 aircraft, the requirement for certified pilots will multiply sharply. At the same time, the government's thrust on advanced training and mission rehearsal for armed forces creates new opportunities in defence simulation. In line with our philosophy of helping build a secure nation, we aim to support the next generation of Indian defence pilots," he added.

So far in 2025, the stock fell 6%.