Adani Group, led by Gautam Adani, and Adani Defence & Aerospace are planning to triple their investment over the next few years, initiating a massive increase across major ammunition and defence manufacturing segments, according to a company official.
The group is all set to invest ₹10,000 crore across various defence and aerospace businesses over the next few years. This amount is an additional ₹5,000 crore that the empire has already invested in its defence businesses.
“Adani Group has already invested around ₹5,000 crore and plans to invest ₹10,000 crore across different business lines in defence and aerospace over the next few years,” Said Ashok Wadhwan, head of Land Systems, Defence and Aerospace at Adani Group.
Currently, the company manufactures cups, cases, and projectiles for small-calibre ammunition at its 500-acre Kanpur facility in Uttar Pradesh. The facility can produce 300 million rounds every year.
The medium-calibre ammunition is expected to be operational by January 2027, with a capacity of 8 million rounds per year. Early next year, the large-calibre ammunition will be operational, with an annual capacity of 3 lakh rounds. Other than that, the company might operationalise its primer and propeller plants by 2027, according to Wadhwan.
Previously, Adani Defence bid for the Advanced Multirole Combat Aircraft Program to develop and produce next-generation fighter jets for the opportunity to participate in this massive project.
