Adani Enterprises formed Astraan Defence Limited, a new wholly owned subsidiary, via its step-down unit Agneya Systems Limited. Incorporated on June 13, with ₹5,00,000 subscribed capital, ADL will operate in defence industry, manufacturing primers, propellants, explosives and ammunitions. This strategic move, with ASL holding 100% of ADL, signifies Adani's entry into defence manufacturing.