Adani Group unveils defense complex, $362 million investment plan | Company News
 "Adani Group (Photo: Bloomberg)")
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)
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