Adani Power has signed agreements to acquire a 24% stake in Jaiprakash Power Ventures Ltd (JPVL) and thermal assets from Jaiprakash Associates for ₹4,193.59 crore. The acquisition is part of a resolution plan approved by the Competition Commission of India (CCI) and upheld by the National Company Law Appellate Tribunal (NCLAT).
The Indian Army has inducted two indigenous combat systems named the UAV-Launched Precision Guided Munition (ULPGM) and the AGNIKAA VTOL-1 (Vertical Take-Off and Landing) First-Person View (FPV) Kamikaze Drone. These were procured from Adani Defence & Aerospace Limited under the Emergency Procurement-6 (EP-6).
The induction followed successful high-altitude and Electronic Warfare (EW) trials conducted in the presence of officials from the Western Command of the IA. The ULPGM, co-developed by the DRDO and Adani Defence & Aerospace Ltd, is the first indigenous loitering munition of India, while the AGNIKAA VTOL-1 is the first FPV kamikaze drone of India in its category.