Aequs Inks MoU for ₹1,900 Cr Aerospace Manufacturing in Tamil Nadu

Aequs Limited (formerly Aequs Private Limited) signed a non-binding Memorandum of Understanding (MoU) on February 16, 2026, with Guidance-the nodal agency of the Government of Tamil Nadu (GoTN)-to establish a new manufacturing unit in the state.

Strategic Partnership Details

The agreement involves Aequs and its group company collaborating with Guidance to set up facilities for producing components for aircraft engines, landing gear, and related systems. This domestic initiative marks a significant expansion for Aequs in India's aerospace sector, focusing on high-precision manufacturing tailored to global standards.

Investment and Timeline

Aequs proposes to invest up to ₹1,900 crore over the next 10 years. The state government will provide infrastructural support, including uninterrupted power supply, regulatory facilitation, and standard incentives under Tamil Nadu's existing industrial policies.

Expected Benefits and Rationale

The MoU aims to bolster Tamil Nadu's aerospace ecosystem by creating jobs, enhancing local manufacturing capabilities, and attracting supply chain investments. For Aequs, it strengthens its position as a precision engineering leader, leveraging synergies in vertically integrated production. GoTN's facilitation ensures best-effort support for land, power, and logistics, positioning the unit for scalable growth amid rising global demand for aerospace parts.

This non-binding pact underscores Aequs's commitment to India's 'Make in India' vision, with no related party transactions involved. Should the arrangement be called off, further disclosures will follow as per SEBI regulations. The move aligns with Aequs's existing footprint in Belagavi, Karnataka, where it already operates a major aerospace SEZ producing components for global giants like Airbus and Boeing.

Shares of Aequs Limited was last trading in BSE at Rs. 142.50 as compared to the previous close of Rs. 143.40. The total number of shares traded during the day was 47285 in over 732 trades.

The stock hit an intraday high of Rs. 145.45 and intraday low of 139.00. The net turnover during the day was Rs. 6691369.00.

Source : Equity Bulls

Keywords

Aequs INE947N01017 Aerospace Defense MoU GovernmentofTamilNadu