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Adani Enterprises’ step-down arm incorporates wholly owned subsidiary

14 Jun 2025 Evaluate

Adani Enterprises’ wholly owned step-down subsidiary -- Agneya Systems has incorporated a Wholly Owned Subsidiary (WOS) namely ‘Astraan Defence’ in India on June 13, 2025. Astraan Defence has been incorporated for manufacture of primer, propellant, ignitors & explosives and ammunitions of various types/calibers. 

Adani Enterprises (AEL), the flagship company of the Adani Group, is one of India’s largest business organisations. The company has enhanced value for stakeholders by building prominent infrastructure assets and widening its presence across a range of sectors directed towards responsible nation-building.


Peers
Company Name CMP
Redington 356.95
Adani Enterprises 2749.20
Amrapali Industries 34.60
Maxgrow India 177.85
Rashi Peripheral 864.60
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