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Adani Group is betting big on its defence and aerospace with a slew of new projects in the next two years. The group forayed into this sector three years ago.
To begin with, Adani will start a new plant at Hyderabad to manufacture composite aero structure for Hermes 900, a tactical medium-altitude, long-endurance unmanned air vehicle system, in tie-up with Elbit Systems of Israel.
The joint venture will set up a plant in Hyderabad, a km from airport, with an initial investment of $15 million, which will go up to $100 million depending on the order from the government, he told newspersons.
Adani and Elbit have a joint venture to develop, maintain, unilaterally integrate payloads and upgrade Hermes 900 and 450 Unmanned Aerial Systems (UAS) in India. The joint venture will provide dedicated support to Indian Armed Forces to ensure availability of UAS, said Ashish Rajvanshi, Head of Adani Defence & Aerospace, at DefExpo2018.
Adani, in association with Saab group of Sweden, will establish a facility for assembly, integration and flight testing of aircraft. This facility will consist of design and engineering centre, parts manufacturing and testing and structural assembly and integration facilities, he said, without giving details on the location.
At DefExpo2018, a tripartite alliance was announced among Adani Group, Punj Lloyd and US-based Rave Gears to design and manufacture high precision gears and transmission systems for rotary platforms. The partners will set up a manufacturing unit at Punj Lloyd's Gwalior facility, said Ashok Wadhawan, President Manufacturing Business at Punj Lloyd. The production is likely to commence in a year, he said.
The facility will manufacture gears and gear assemblies mainly for rotary platforms, currently under production in India for Hindustan Aeronautics Ltd, and for future programmes like Naval Utility Helicopters and Naval Multi Role Helicopters. The collaboration will use manufacturing base in India for exports to global OEMs, both in the military and civil aerospace domain, says a joint press release.
The three companies aim at increasing self-reliance at the tier-I level, which will be critical for system integration of platforms in India. The collaboration furthers the indigenisation agenda under ‘Make in India’ programme and will bring state-of-the-art technology to the country, the release said.
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