Aequs signs non-binding MoU with Tamil Nadu Govt

Aequs has entered into a nonbinding Memorandum of Understanding (“MoU”) with the Guidance, the nodal agency of the Government of Tamil Nadu (GoTN) on February 16, 2026 for setting up a manufacturing unit in the State of Tamil Nadu.

Under this non-binding MoU, Company has proposed to set up unit for manufacturing components for Aircraft Engines, Landing Gear and systems and has proposed to invest up to Rs. 1900 crores over a period of ten years.

At 11.29 am, Aequs was trading at Rs. 141, down by 1.05%, with a volume of 0.30 lakh shares on the BSE.