Adani-Group Company Incorporated a Wholly Owned Defence Subsidiary-Astraan Defence Limited
The stock is up by 25.4 per cent from its 52-week low of Rs 2,026.90 per share and has given multibagger returns of 1,500 per cent in 5 years.
Adani Enterprises Limited has announced the incorporation of a new Wholly Owned Subsidiary (WOS) called Astraan Defence Limited (ADL). This new entity was formed by Agneya Systems Limited (ASL), which is itself a wholly owned step-down subsidiary of Adani Enterprises. The incorporation was confirmed on June 13, 2025, with ADL having a subscribed capital of Rs 5,00,000, divided into 50,000 equity shares of Rs 10 each, and currently reports nil turnover as it is yet to commence business operations.
Astraan Defence Limited belongs to the Defence industry and its primary objective is the manufacture of primer, propellant, ignitors, explosives, and ammunitions of various types and calibres. Agneya Systems Limited will hold 100% of the share capital in ADL. The company was incorporated in India on June 13, 2025, and is registered with the Registrar of Companies, Ahmedabad, marking a strategic move for Adani Enterprises into the defence manufacturing sector.
About Adani Enterprises Ltd
Adani Enterprises Ltd, the flagship company of the Adani Group, is a diversified conglomerate with interests in mining, resource management, infrastructure development and more. Founded in 1993, it acts as an incubator for new ventures within the Adani Group, with several successful companies like Adani Power and Adani Ports starting under its wing. AEL itself is a major player in India's Integrated Resources Management (IRM) business, importing and selling coal, while also operating its mining projects in India, Indonesia and Australia. Beyond mining, Adani Enterprises is involved in solar power generation through its subsidiary Adani Solar, the largest integrated solar manufacturer in India. They are also developing data centres and working on road infrastructure projects. Notably, the Adani Group recently entered the airport sector by winning the rights to operate and modernise six airports across India.
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A strong performer with a market cap of Rs 2.94 lakh crore, the company has consistently delivered impressive profit growth of 37 per cent CAGR over the last 5 years. According to the Quarterly Results (Q4FY25) and annual results (FY25), the company posted amazing numbers. The stock is up by 25.4 per cent from its 52-week low of Rs 2,026.90 per share and has given multibagger returns of 1,500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.