Tag: Madhya Pradesh
MANUFACTURING Adani Defence Begins Work On ₹2,500-Cr Missile Manufacturing Unit

Adani Defence & Aerospace has commenced work on its ₹2,500-crore missile manufacturing project in Shivpuri, Madhya Pradesh, which will create South Asia’s largest private-sector missile ecosystem. The project will integrate missile system manufacturing with composite propellant and Trinitrotoluene production at a single location, creating an at-scale capability for India’s private defence sector. Employment and supply […]

CW Bureau · Jul 5, 2026
INFRASTRUCTURE Adani Energy Solutions To Acquire 100% IntelliSmart Stake For ₹3,050 Cr

Adani Energy Solutions Ltd. (AESL) has signed a binding securities purchase and subscription agreement to acquire a 100% equity stake in IntelliSmart Infrastructure Pvt. Ltd., along with the redemption of optionally convertible debentures of Intellismart held by NIIF, for an enterprise value of ₹3,050 crore. The acquisition is expected to strengthen AESL’s position in the […]

CW Bureau · Jun 9, 2026