Adani Defence completes acquisition of Punj Lloyd unit
pre-market1 source ↓written by the desknot a recommendation
Adani Defence Systems and Technologies Ltd (ADSTL), a subsidiary of Adani Enterprises, has completed its acquisition of Punj Lloyd's Malanpur-based defence unit. This strategic move enhances Adani's position in indigenous military manufacturing and expands its capabilities in small arms and aerospace components production. The facility is expected to bolster India's defence manufacturing landscape significantly.
Not investment advice. For informational purposes only.