Adani Defence inks pact with EDGE Group, eyeing R&D bases in India and UAE

According to an exchange filing, the agreement aims to set up a global platform backed by Adani Defence and EDGE Group's defence and aerospace capabilities to cater to the needs of international and local customers.

This involves assessing collaboration between the two companies' main product areas, such as missiles and weapons for airborne, surface, infantry, and air defence applications. It also includes platforms and systems for unmanned aerial systems (UAS), counter-drone systems, loitering munitions, unmanned ground vehicles (UGV), as well as electronic warfare (EW) and cyber technologies.

The agreement also intends to establish research and development (R&D) facilities in India and the UAE to serve their needs and Southeast Asian and global markets.

Adani Defence CEO's take on deal with EDGO Group

Speaking on the deal, Ashish Rajvanshi, Chief Executive Officer (CEO) of Adani Defence and Aerospace, said, "Our collaboration marks the beginning of a new era in enhancing defence capabilities, emphasising our commitment to advance technological prowess and promoting bilateral defence cooperation between India and the UAE. It is a reflection of our shared vision to fortify our nation's capabilities by not just delivering cutting-edge solutions for the two countries but also setting new benchmarks in the global defence landscape."

Hamad Al Marar, Managing Director and CEO of Edge Group, said he is keen to establish the joint platform to pioneer new technologies and set new standards in advanced military equipment and the defence sector.

Meanwhile, shares of Adani Enterprises were trading 0.7% higher at ₹3,242.6 on the NSE at 1 pm.