Adani Group unveils defense complex, $362 million investment plan | Company News petek, July 7, 2024 The company has already started rolling out small caliber ammunition from the complex, starting with 150 million rounds that it estimates form 25% of India’s annual requirement (Photo: Bloomberg) 2 min read Last Updated : Feb 26 2024 | 6:48 PM IST Billionaire Gautam Adani’s group plans to invest more than 30 billion rupees ($362.1 million) in the manufacturing of ammunition and missiles, the conglomerate’s defense arm said on Monday, as it unveiled two sprawling production facilities in the northern Indian state of Uttar Pradesh. The plans highlight the ports-to-power conglomerate’s ambitions in the lucrative defense sector where manufacturing … Continue Reading