Adani Enterprises’ step down subsidiary -- Adani Land Defence Systems and Technologies has acquired 51% Equity Shares of PLR Systems from Fouraces Systems India on September 10, 2020.
Through the acquisition of a majority stake in PLR, Adani and IWI (existing shareholder in PLR) shall be able to manufactured defence equipment to the 1.2 million army personnel and an equal number of para-military forces and state police forces and shall help achieve self-reliance aligned to the Make in India and Atma-Nirbhar Bharat initiative.
Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.
