Editor’s Note
This article outlines a strategic domestic agreement between Aequs Limited and Tamil Nadu’s Guidance agency, signed in February 2026, to establish a new aerospace and defense manufacturing unit.
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 Tamil Nadu government. 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 specialize in the production of critical components for aircraft engines, landing gear, and advanced systems. This strategic move signifies a significant expansion of the company’s manufacturing footprint in India.
Under the terms of the MoU, Aequs and its group partners propose to invest up to ₹1,900 crore over the next ten years. In return for this long-term capital commitment, the Tamil Nadu government has promised comprehensive infrastructure and regulatory support, including arrangements for best-effort seamless power supply. The project will also benefit from standard incentives provided under existing state policies. This collaboration is designed to leverage regional industrial strengths to foster high-precision engineering capabilities for the aerospace industry.
Established in 2000, Aequs Limited specializes in manufacturing 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 country’s only fully vertically integrated aerospace ecosystem within a single Special Economic Zone (SEZ).
The company’s market capitalization is over ₹9,000 crore and the stock has risen 8.5 percent from its 52-week low of ₹131.35 per share.