# Melstar Subsidiary Signs Non-Binding MoU for ₹20 Crore Aviation Training Hub in Kurnool

> Melstar's Melstarr Aviations Tech signed a non-binding MoU with Andhra Pradesh's economic development board for a ₹20 crore maintenance training hub in Orvakal.

- Published: 2026-10-24T11:51:25+00:00
- Section: Partnerships
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-24/melstar-subsidiary-andhra-training-hub-mou
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/melstar-subsidiary-signs-non-binding-mou-20-crore-training-hub/54384596)

## Key takeaways

- Melstarr Aviations Tech Private Limited signed a non-binding MoU with the Andhra Pradesh Economic Development Board on October 23, 2026.
- The proposed maintenance training hub at Orvakal, Kurnool District, envisages about ₹20 crore of investment and 5 acres of land.
- The MoU is valid for 12 months and is projected to create roughly 25 direct and 25 indirect jobs.

Melstarr Aviations Tech Private Limited, a wholly owned subsidiary of Melstar Information Technologies, signed a non-binding Memorandum of Understanding with the Andhra Pradesh Economic Development Board on October 23, 2026, for a Maintenance Training Organization in the state. The project envisages an investment of approximately ₹20 crore at Orvakal, Kurnool District, and requires 5 acres of land. [ScanX](https://scanx.trade/stock-market-news/companies/melstar-subsidiary-signs-non-binding-mou-20-crore-training-hub/54384596) reported the disclosure.

## What the Orvakal Training Hub Covers

The proposed facility is a Maintenance Training Organization, and the project is expected to generate approximately 25 direct employment opportunities alongside 25 indirect jobs in auxiliary industries. MATPL intends to contribute its strengths in investment, technology, planning, design and equipment for setting up the facility, while the Andhra Pradesh Economic Development Board will facilitate investment promotion and assist in discussions with the Union Government where required.

The MoU was executed on October 23, 2026, and remains valid for 12 months from the date of signing. It is expressly non-binding and does not confer any legally enforceable rights on either party, and it does not guarantee land allotment. The actual allotment of land, incentives and other benefits remains subject to prescribed government processes, applicable policies, rules, regulations and requisite approvals. If a tender or competitive bidding process applies, MATPL must participate independently, and the Board will not be involved in such processes or liable for them.

Melstar Information Technologies said the transaction does not constitute a related-party transaction, as the Andhra Pradesh Economic Development Board is not related to the promoter or promoter group. No special rights regarding director appointments or share subscriptions are included in the agreement. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

## Melstar's Aerospace Rebrand and Q2 Results

Melstar Information Technologies reported standalone net profit of ₹124.99 lakh for the quarter ended September 30, 2026, against a loss of ₹53.84 lakh in the same quarter of the previous year, with revenue from operations of ₹150.00 lakh against nil. The board approved a proposed name change to Melstarr Aerospace & Technologies Limited and amended the object clause to include aviation, MRO, drone manufacturing and airline operations. The statutory auditors issued a qualified opinion citing going concern risks linked to prior insolvency proceedings.

Melstar Information Technologies' own [announcements](http://www.melstar.com) cover its corporate disclosures.

## Companies in this story

- Melstar Information Technologies · website: http://www.melstar.com

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