Adani Enterprises to make drones with Israeli firm

Adani Enterprises on Tuesday informed BSE that it has formed a joint venture with an Israeli firm Elbit Systems for manufacturing unmanned aerial vehicles, popularly known as drones. The new venture will be called Adani-Elbit Advanced Systems India Limited (AEASIL). "Adani Enterprises Limited and Elbit Systems Limited., Israel have incorporated a JVC namely, 'Adani-Elbit Advanced Systems India Limited' (AEASIL) on November 7, 2016," the flagship company of Adani Group told BSE in its filing Adani Enterprises will hold 51 per cent stake in the joint venture, while .....
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