Shares Bazaar

Adani Enterprises’ arm executes BTA with Punj Lloyd

ADSTL has executed BTA to transfer of Defence unit of Punj Lloyd

Adani Enterprises’ wholly owned subsidiary -- Adani Defence Systems and Technologies (ADSTL) has executed a Business Transfer Agreement (BTA) on February 28, 2026 with Punj Lloyd (PLL), regarding transfer of a Defence Unit of PLL situated at Malanpur to ADSTL.

Adani Enterprises, the flagship company of the Adani Group, is one of India’s largest business organisations. The company has enhanced value for stakeholders by building prominent infrastructure assets and widening its presence across a range of sectors directed towards responsible nation-building.