Business

Adani Group To Invest Rs 2,500 Crore In South Asia’s Largest Private Missile Hub In MP

The Adani Group on Sunday announced a ₹2,500 crore investment over the next three years to establish an integrated missile manufacturing ecosystem in Madhya Pradesh’s Shivpuri.

Speaking at the foundation stone-laying ceremony, Adani Enterprises Director Jeet Adani said the project marks a major milestone for India’s private defence manufacturing sector and will strengthen the country’s self-reliance in strategic defence capabilities.

“We have gathered here today for a landmark occasion-laying the foundation of South Asia’s largest private-sector missile ecosystem. This facility will bring raw materials and mission-ready missiles under one roof, a historic first outside the public sector,” he said.

The facility will manufacture medium- to long-range missile systems and include production units for composite propellant, TNT and explosive-grade materials, reducing India’s dependence on defence imports.

The project will likely create around 5,000 direct and indirect jobs while supporting more than 50 micro, small and medium enterprises (MSMEs) through a specialised defence supply chain.

Jeet Adani said the Shivpuri project is part of the Adani Group’s ₹1.10 lakh crore investment commitment announced at the Global Investors Summit in Bhopal.

The investments cover hydro pumped storage, cement, mining, smart meters and thermal energy, and will likely generate 1.2 lakh jobs in Madhya Pradesh by 2030.

Jeet Adani added that the group has already invested over ₹4,000 crore in its Ametha and Kymor plants in Katni district.

Adani Power supplies 1,200 MW of electricity to the state, with another 5,600 MW under development.

The group has also commissioned wind projects in Lahori, Dhar, Ratlam and Ujjain and recently laid the foundation stone for a ₹1,060 crore cement plant in Guna.

Also Read: US DoJ Calls Adani Securities Fraud Case Legally Flawed; Seeks Dismissal

Md Shadan Ayaz

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