Adani Defence ties up with MTAR Tech, eyes ₹15,000 crore AMCA stealth fighter deal

Adani Defence & Aerospace has joined hands with Hyderabad-based MTAR Technologies to bid for the contract to design and build the prototype of India’s first stealth fighter jet, the Advanced Medium Combat Aircraft (AMCA), which is a project valued at around Rs 15,000 crore, according to market sources tracking the company.

- STATESMAN NEWS SERVICE

However, an Adani spokesperson refused to comment, confirm or deny the development. Key customers of MTAR Technologies include the Nuclear Power Corporation of India, the Indian Space Research Organisation (ISRO) and the Defence Research and Development Organisation (DRDO). MTAR has supplied propulsion and electro-pneumatic subsystems for ISRO's Chandrayaan-2 and Mangalyaan missions as well as executed complex assemblies for DRDO, including those used in the Agni series of missiles.