Aerospace & Defence Company signs MoU with the Government of Tamil Nadu
Kiran DSIJCategories: Mindshare, Trending
The company has a market cap of over Rs 9,000 crore and the stock is up by 8.5 per cent from its 52-week low of Rs 131.35 per share.
Aequs Limited, formerly known as Aequs Private Limited, has officially entered into a non-binding Memorandum of Understanding (MoU) with Guidance, the nodal agency of the Government of Tamil Nadu. Signed on February 16, 2026, this domestic agreement outlines the establishment of a new manufacturing unit within the state focused on the Aerospace and defense sectors. Specifically, the facility will specialise in the production of critical components for aircraft engines, landing gear, and advanced systems. This strategic move marks a significant expansion of the company’s manufacturing footprint within India.
Under the terms of the MoU, Aequs and its group partners propose to invest up to ₹1,900 crores over the next ten years. In exchange for this long-term capital commitment, the Government of Tamil Nadu has pledged comprehensive infrastructural and regulatory support, including the provision of uninterrupted power supply on a best-effort basis. The project will also benefit from standard incentives provided under existing state policies. This collaboration is designed to leverage regional industrial strengths to bolster high-precision engineering capabilities for the aerospace industry.
About the Company
Founded in 2000, Aequs Ltd specialises in the manufacturing of high-precision, high-complexity components and assemblies for global Original Equipment Manufacturers (OEMs) and Tier-1 suppliers, with a primary focus on the civil aviation sector. As a leader in the Indian aerospace industry, the company operates the nation’s only fully vertically integrated aerospace ecosystem within a single Special Economic Zone (SEZ).
This unique infrastructure allows Aequs to manage the entire production lifecycle—including forging, machining, surface treatment, and final assembly—having successfully delivered over 5,000 aerospace products across major global platforms to date. The company has a market cap of over Rs 9,000 crore and the stock is up by 8.5 per cent from its 52-week low of Rs 131.35 per share.
Disclaimer: The article is for informational purposes only and not investment advice.