• Miki

Adani Enterprises will purchase a 50% stake in General Aeronautics, based in Bengaluru.

Adani Enterprises announced on Friday that Adani Defence Systems and Technologies, a wholly-owned company, had signed a binding deal to buy a 50% investment in General Aeronautics, a provider of robotic drones and drone-based crop protection systems.

Adani Enterprises stated in a regulatory filing on Friday that "Adani Defence Systems and Technologies Ltd shall leverage its military drone and AI/ML (artificial intelligence/machine learning) capabilities and work with General Aeronautics for providing end-to-end solutions for the domestic agriculture sector."

The acquisition is likely to be finished by July 31 and is an all-cash agreement, it was revealed.

By the financial year 2025–26, the unmanned aerial vehicle (UAV) market in India is expected to be worth USD 1.81 billion (or Rs 13,575 crore), according to estimates from the drone industry. According to the Drone Federation of India, the industry will generate Rs 50,000 crore in five years.

An integrator of agriplatform solutions, General Aeronautics was founded in 2016 and is headquartered in Bengaluru, India. It offers robotic drones and drone-based solutions for crop protection, crop health, precision farming, and yield monitoring for the agriculture industry using artificial intelligence and analytics.

Radars, avionics, electronic warfare, training and simulation, and other systems are among the systems that Adani Defence Systems and Technologies specialize in developing and producing. The first private sector small arms production plant in India, as well as the first comprehensive aviation MRO facility, have been constructed by Adani Defence. It is also now building these facilities in Nagpur.

Alpha Design Technologies Pvt Ltd had also been acquired by Adani Defence Systems and Technologies in 2019. Adani Defence and Aerospace received a solid tier-1 capability from Alpha Design Technologies to serve as a foundation for platform capabilities in the future.

Adani Enterprises Ltd. (AEL), the parent company of the Adani Group, reported a consolidated net profit attributable to shareholders of Rs. 304.32 crores for the three months ended March 31, 2022. According to its filings with stock markets, its consolidated sales increased 83.7% in the fourth quarter of 2021–22 to Rs 25,141.56 crore from Rs 13,688.95 crore the year prior.

Adani Enterprises' stock increased 32.40 points, or 1.58 percent, on Friday to settle at Rs 2,080.10 per share on the BSE.

Gautam Adani Speaks At Davos

Gautam Adani, the chairman and founder of the Adani Group, said in a speech on Thursday at the World Economic Forum in Davos, Switzerland, that since international alliances are built on shaky bases of self-interest, India must step up and increase its level of self-reliance in a variety of industries, including semiconductors, defense, and vaccination.

"Almost all of the world leaders I spoke to acknowledged—some of them even explicitly—that a new, more advanced weapons race may be starting. Many nations may prioritize defense manufacture and procurement as a non-negotiable part of self-reliance, and alliances would emerge and reform around defense accords, he said.

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