In a last-minute entry, the Adani Group submitted a bid for the Rs 45,000-crore Indian Navy submarine project. The company has now taken other contenders by surprise. It is also the largest ongoing Make-in-India initiative in the defence sector. The much-awaited contest was expected to be a faceoff among traditional contenders such as Larsen and ToubroNSE 0.03 % (L&T), Mazagon Dock Shipbuilders Ltd (MDL) and Reliance Naval and Engineering Ltd, all of which own shipyards. The Adani Group does not curre .
HSL’s Standalone Bid
Interestingly, HSL has also put in a standalone bid. The Adani Group is now a contender for all three mega defence acquisition plans. All are under the government’s strategic partnership model – for future fighter jets, naval helicopters and conventional submarines.
Others that submitted bids for the submarine programme are L&T, MDL and Reliance Naval. Under the contract, an Indian shipyard will be chosen to manufacture six conventional submarines. That too in collaboration with a foreign partner, is in its initial stages. Over the next two months, the defence ministry will scrutinise the bids to shortlist qualified Indian contenders. The Adani Group has ambitious plans in defence. Its acquisition late last year of Bengaluru-based Alpha Design Technologies Pvt Ltd. A company that has a strong order book and tieups with big Russian and Israeli companies. This has really shown the interests of the Adani group.
Its product list now ranges from drones to helicopters and simulators. It’s also one of the major suppliers for the indigenous Light Combat Aircraft (LCA) programme.
The acquisition placed Adani Defence and Aerospace in the big league that includes the Tata Group, Mahindra & Mahindra, Reliance Defence and L&T, which are vying for large Make-in-India projects under the strategic partnership scheme. Adani unveiled a manufacturing facility in Hyderabad last year to make Hermes 900 drones in collaboration with Israel’s Elbit Systems.