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Adani Group on Shopping Spree for Defense

Staff reporter, New Delhi
15/12/2018   0 Comments

Close on the heels of acquiring the Bengaluru headquartered defence firm Alpha Design Technologies for Rs. 400 crore and unveiling its own facility to make unmanned aerial vehicles (UAVs) at Hyderabad, the Adani group will continue its buyout spree in the defence sector across the globe, a top official said. Speaking to journalists in Hyderabad at the UAV manufacturing facility on Friday, AdaniNSE 0.67 % group head (defence & aerospace), Ashish Rajvanshi said the group had in the last two years completed due diligence of some 300 micro, small and medium enterprises (MSMEs) in the defence sector. He said Adani group will buy some of these companies to help build up in-house capabilities. 

“We (have) identified where the most unique capabilities lie, where they have been doing something which is not commoditised but which is something more future looking. For example, the software defined radios which is being talked about by the Indian Army is something which is being done by Alpha today,” said Rajvanshi. Adani now has a portfolio of companies – Alpha Design, Comprotech, Autotech, and joint ventures with Elbit, Saab, Rave Gears and Rosoboronexport. “I can very proudly say, no other company can actually show this ecosystem to now transition to the platforms,” said Rajvanshi. 

Adani group holds 51% in the joint venture manufacturing facility of UAVs at Hyderabad, where the Israeli defence giant Elbit Systems owns minority stake of 49%. The 50,000 square feet facility over 20 acres campus of Adani group will be the first facility outside Israel to make the Hermes 900 medium altitude long endurance (MALE) UAV, followed by Hermes 450. 

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