Top Picks From Adani Group: Defence & Aerospace Stocks
Adani Group is making headlines everywhere, whether in the media or on the financial market. Mr Gautam Adani founded the firm in 1988, and it has since grown to become one of India’s most prominent conglomerates.
The group has a market capitalisation of around $180 billion. This ranks the group third, behind Tata Consultancy Services and Reliance Industries.
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Among the many sister companies Adani Group has, Defence & Aerospace is in the news these days. Let’s understand why.
About Adani Defence & Aerospace
Adani Defence & Aerospace focuses on serving India’s defence sector. The company aligns with India’s AtmaNirbhar Bharat initiative, which promotes self-reliance and indigenous production. Among the notable products in their lineup are:
- Unmanned Aerial Systems (UAS)
- Small Arms and Ammunition
- Counter Drone Systems
- Aircraft Services and MRO
Recent deals of Adani in Defence & Aerospace Sector
- On February 27, 2024, the company inaugurated a Rs 3,000-crore ammunition complex in Uttar Pradesh. This complex will focus on short-range air defence missiles and medium/small calibre ammunition. Its primary objective is to touch $5.0 billion of defence manufacturing exports.
- The Navy Chief unveiled the first indigenously manufactured Drishti 10 UAV by Adani Defence & Aerospace on January 10, 2024. It is an advanced intelligence, surveillance, and reconnaissance (ISR) platform capable of 36 hours of continuous flight and a payload capacity of up to 450 kg.
- In October 2022, Adani Defence & Aerospace acquired Air Works for a trade worth of Rs 400 Crore. Air Works, the oldest MRO, has over 900 maintenance experts and six maintenance bays.
Can you invest in Adani Defence & Aerospace Stocks?
Adani’s Defence & Aerospace company is yet to be listed on the stock exchange. It means you cannot invest in this company via the stock market. However, there are many other valuable companies in the Adani Group where putting your capital can provide decent returns.
Key stocks of Adani Group
1. Adani Green Energy Limited (AGEL)
AGEL is at the forefront of India’s renewable energy sector. The company is focused on building a carbon-free future through its goal to achieve 45 GW of renewable energy capacity by 2030.
AGEL’s operational portfolio includes 9,604 MW of renewable energy. The company has some of the world’s largest renewable energy projects at Khavda, Gujarat, and the largest wind-solar hybrid cluster in Jaisalmer, Rajasthan. It also has a single-location solar project of 648 MW in Kamuthi, Tamil Nadu, and multiple wind and hybrid projects.
2. Adani Power Ltd.
Adani Power Ltd is India’s largest private thermal power producer, with an installed capacity of 15,250 MW. The company’s portfolio includes nine power plants in Gujarat, Maharashtra, Rajasthan, Karnataka, Chhattisgarh, Madhya Pradesh, and Jharkhand. These plants use both coal-based and solar-based technologies, demonstrating a commitment to sustainable energy.
One of this company’s key projects is the expansion of the Singrauli power plant in Madhya Pradesh. This project, undertaken by Mahan Energen Limited (MEL), a subsidiary of Adani Power, aims to add 1600 MW capacity (2×800 MW) to the existing 1200 MW (2×600 MW) plant. The expansion will use ultra-supercritical technology, which is noted for its higher efficiency and lower emissions than conventional coal-fired power plants.
3. Adani Ports and Special Economic Zone Limited (APSEZ)
APSEZ is the noted commercial port operator in India. It operates via 13 ports and terminals, including Mundra Port, the first in India to handle 150 MMTPA of cargo. This port has deep water, all-weather, and berthing on arrival facilities and is well-connected to the Indian National Highway network to ensure efficient cargo handling and transportation.
APSEZ is also set to build a greenfield port in Tajpur, West Bengal. This port will be developed on a 99-year concession. Another achievement for this company is a single-window interface system that manages all services at the port. This system’s efficient operations reduce customers’ overall logistics costs.
4. Adani Wilmar
A well-known name in the FMCG sector, Adani Wilmar is a joint venture between the Adani Group and the Wilmar Group. In their product portfolio, you can find edible oils, wheat flour, rice, pulses, and sugar.
Recently, the company invested in expanding its edible oil refinery in Mundhra. This new facility, with a daily capacity of 1,200 tonnes, will be supported by a 4 MW captive power plant and will help reduce the company’s carbon footprint.
Conclusion
Adani Group has many listed companies where you can try your luck by making investments. However, if you are here for the defence and aerospace segment stock, you may have to wait a bit until the company raises an Initial Public Offering (IPO).
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