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Vikram 💯
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#AdaniDefencePrahar
Adani Defence Delivers a Make in India Milestone... 2,000 Prahar LMGs for the Indian Army
Adani Defence has delivered the first batch of 2,000 Prahar Light Machine Guns to the Indian Army... reinforcing the role of Indian private industry in building strategic military capability.
> Indigenous small arms production
> Built in Madhya Pradesh
> 90%+ domestic sourcing
> Delivered 11 months early
This is Adani’s boost to India’s defence self-reliance... built in India, delivered for India.
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🚨MASSIVE: Adani Defence Delivers First Indigenous LMGs to Indian Army.
#AdaniDefencePrahar
Adani Defence & Aerospace has delivered the first batch of 2,000 indigenously manufactured Prahar 7.62 mm Light Machine Guns (LMGs) to the Indian Army, marking a major boost to India’s defence self-reliance.
The delivery was completed in just seven months—11 months ahead of schedule—while the First-of-Production Model was achieved in six months, significantly faster than the planned 18-month timeline. Bulk Production Clearance enabled rapid scale-up.
Manufactured at the Gwalior facility in Madhya Pradesh, India’s first fully integrated private-sector small arms hub, this milestone positions Adani Defence as the first large-scale private company in India to produce and deliver LMGs domestically. The facility spans 100 acres and integrates advanced manufacturing, testing, and quality assurance systems.
With an annual production capacity of up to 100,000 weapons and over 90% domestic content, the project reduces dependence on imports while boosting local industry, MSMEs, and employment.
The Prahar LMG is designed for high reliability and battlefield performance, featuring open-bolt firing, multiple firing modes, gas regulation for adverse conditions, and an effective range of up to 1,000 meters.
This delivery strengthens India’s indigenous small arms ecosystem, further supported by Adani Defence’s ammunition facility in Kanpur, enhancing long-term defence manufacturing capability.
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#AdaniDefencePrahar
Adani Defence Delivers Prahar LMGs, Underscoring India’s Growing Defence Manufacturing Strength
Manufactured at #Adani Defence’s integrated facility in Gwalior, the Prahar LMG delivery showcases how India is building serious capability in small arms production.
Adani is helping turn defence indigenisation into operational reality.
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#AdaniDefencePrahar
Adani Defence Delivers a Major Defence Self-Reliance Milestone with Prahar LMGs
With the first batch of 2,000 Prahar Light Machine Guns delivered to the Indian Army, Adani Defence has taken a major step in reducing India’s reliance on .......
English
#AdaniDefencePrahar
Adani Defence Delivers 2,000 Prahar LMGs to the Indian Army, Powering Make in India in Defence
Adani Defence & Aerospace has supplied the first batch of 2,000 Prahar Light Machine Guns to the Indian Army, marking a major step in India’s indigenous small arms journey.
Delivered 11 months ahead of schedule, the milestone highlights Adani’s growing role in strengthening defence self-reliance.
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Vikram 💯 retweetledi
Lenders who held a 82 % voting rights were more comfortable getting more money upfront & the remaining in 3 years rather than 6 years.
Initial assessment in Vedanta's favor could was based on a discounting rate (assumed) for money coming in installments. A higher discounting rate would have thrown a different winner.
Ultimately voting rights matter. Thats the law. Sentiments do not matter in business.
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Vikram 💯 retweetledi
@AnilAgarwal_Ved Any bids for any auctions with different payment plans by all different bidders should be compared by computing the NPV of all bids and highest NPV bidder is fair to be given the same. Hope your bid had the highest NPV of all bidders?
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Vikram 💯 retweetledi
Despite Vedanta’s marginally higher headline offer, lenders chose Adani for superior structure: upfront cash, faster recovery & far greater execution certainty vs Vedanta’s 5-6 year staggered payments with limited commitment.
Adani also offered ₹2,000 cr to flat buyers stuck 15+ years — Vedanta offered zero. Certainty trumped numbers.
Analysts also point to Vedanta’s track record in past insolvency cases as a factor weighing on confidence.
In 2018, Vedanta emerged as the highest bidder for GMR Chhattisgarh Energy with a bid of about Rs 2,500 crore but later exited the transaction.
The same year, the group withdrew from the Ind-Barath Energy (Utkal) deal after receiving approval from the National Company Law Tribunal, leading to legal disputes.
#JaypeeResolution @AdaniOnline
@Vedanta_Group #Adani
Anil Agarwal@AnilAgarwal_Ved
This morning, I was reading Chapter 15 of the Bhagavad Gita. One thought stayed with me. “Have courage. Stay humble. Do your duty without attachment.” Life tested this. Some years ago, Shri Jaiprakash Gaur, who built Jaypee Group, came to meet me in London. He had built an empire over his lifetime with hard work and vision. He reached out more than once. He wrote to me. His only wish was simple that what he had built should go into safe hands and be taken forward with the right intent. He even wrote me letters in Hindi, in his own words, expressing his trust. At that time, we could not proceed. Recently, the asset went into a public auction by CoC in the IBC process. Many strong bidders participated. Suddenly, the sentiment and wishes of Jaiprakash Gaur ji came rushing back to me. One by one, everyone dropped out of the bidding. Finally, we were declared the highest bidder publicly. It was a transparent process. We were informed in writing that we had won. But life is never so simple. After some days, the decision was changed. Don’t want to go into the details. That is for the right forum. But I want to share something from my heart. We have no attachment to this asset. If it comes, it is God’s grace. If it goes, that is also his wish. But one thing we believe strongly. When something is promised in dharma, it should not be taken back. In our scriptures also, we see this again and again. Truth, commitment, and fairness are above everything. So, what should one do? Gita gives a simple answer - do your duty, with courage, but without anger or attachment. That is what we will do. We will place the facts in the right way. We will follow the right path. Rest, I leave to God.
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Vikram 💯 retweetledi
Creditors didn’t just chase higher NPV, Vedanta’s bid raised concerns over delayed payments and execution risk.
Its past deal exits and delays further weakened confidence.
Meanwhile, Adani Group offered quicker recovery with upfront cash, making it the safer bet.
Anil Agarwal@AnilAgarwal_Ved
This morning, I was reading Chapter 15 of the Bhagavad Gita. One thought stayed with me. “Have courage. Stay humble. Do your duty without attachment.” Life tested this. Some years ago, Shri Jaiprakash Gaur, who built Jaypee Group, came to meet me in London. He had built an empire over his lifetime with hard work and vision. He reached out more than once. He wrote to me. His only wish was simple that what he had built should go into safe hands and be taken forward with the right intent. He even wrote me letters in Hindi, in his own words, expressing his trust. At that time, we could not proceed. Recently, the asset went into a public auction by CoC in the IBC process. Many strong bidders participated. Suddenly, the sentiment and wishes of Jaiprakash Gaur ji came rushing back to me. One by one, everyone dropped out of the bidding. Finally, we were declared the highest bidder publicly. It was a transparent process. We were informed in writing that we had won. But life is never so simple. After some days, the decision was changed. Don’t want to go into the details. That is for the right forum. But I want to share something from my heart. We have no attachment to this asset. If it comes, it is God’s grace. If it goes, that is also his wish. But one thing we believe strongly. When something is promised in dharma, it should not be taken back. In our scriptures also, we see this again and again. Truth, commitment, and fairness are above everything. So, what should one do? Gita gives a simple answer - do your duty, with courage, but without anger or attachment. That is what we will do. We will place the facts in the right way. We will follow the right path. Rest, I leave to God.
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Vikram 💯 retweetledi
The debate around Vedanta’s bid needs to be understood in the full context of the insolvency process.
First, being “highest” in the process referred only to NPV (Net Present Value) on limited parameters. That alone does not determine the winner. Lenders evaluate resolution plans on several factors — including conditions attached to the bid, certainty of funding, and overall capability.
In Vedanta’s case, lenders reportedly felt that some conditions in the proposal made the plan difficult to implement, which weighed in the evaluation.
Even when reports emerged that Vedanta had the highest NPV, the company itself clarified to lenders and creditors that this did not mean the outcome was final. The decision would depend on voting across all parameters of the resolution plan. At the same time, reports suggested that funds had not been fully tied up until November, raising questions around planning and readiness.
The track record of Vedanta has also been part of the discussion. Vedanta stepped back from the semiconductor project after it had been awarded, citing market conditions. Similar concerns have been raised around past bids such as Ind-Barath Utkal, GMR Chhattisgarh, and the prolonged resolution process in Meenakshi Power.
After the Committee of Creditors (CoC) decision — and subsequent rulings by the NCLT and NCLAT — critics have described Vedanta’s response as a case of “sour grapes,” suggesting the pressure may be aimed at extracting leverage from the eventual acquirer.
Importantly, lenders have indicated that Vedanta was never publicly declared the final highest bidder. The process itself clearly stated that being H1 on a limited NPV calculation does not automatically entitle a bidder to acquire the company.
In insolvency resolutions, the final decision is not just about numbers. It ultimately comes down to credibility of the plan, certainty of funding, and confidence that the transaction can actually be completed.Looks like Adani won here
ft.com/content/951cd2…
Anil Agarwal@AnilAgarwal_Ved
This morning, I was reading Chapter 15 of the Bhagavad Gita. One thought stayed with me. “Have courage. Stay humble. Do your duty without attachment.” Life tested this. Some years ago, Shri Jaiprakash Gaur, who built Jaypee Group, came to meet me in London. He had built an empire over his lifetime with hard work and vision. He reached out more than once. He wrote to me. His only wish was simple that what he had built should go into safe hands and be taken forward with the right intent. He even wrote me letters in Hindi, in his own words, expressing his trust. At that time, we could not proceed. Recently, the asset went into a public auction by CoC in the IBC process. Many strong bidders participated. Suddenly, the sentiment and wishes of Jaiprakash Gaur ji came rushing back to me. One by one, everyone dropped out of the bidding. Finally, we were declared the highest bidder publicly. It was a transparent process. We were informed in writing that we had won. But life is never so simple. After some days, the decision was changed. Don’t want to go into the details. That is for the right forum. But I want to share something from my heart. We have no attachment to this asset. If it comes, it is God’s grace. If it goes, that is also his wish. But one thing we believe strongly. When something is promised in dharma, it should not be taken back. In our scriptures also, we see this again and again. Truth, commitment, and fairness are above everything. So, what should one do? Gita gives a simple answer - do your duty, with courage, but without anger or attachment. That is what we will do. We will place the facts in the right way. We will follow the right path. Rest, I leave to God.
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Vikram 💯 retweetledi
According to creditors, the decision was not based solely on headline numbers. While Vedanta’s proposal carried a marginally higher net present value, lenders raised concerns around the payment structure, execution certainty and conditionality. “A higher number on paper does not automatically translate into a winning bid, especially in a time-bound insolvency process.”
Experts also point to Vedanta’s track record in past insolvency cases as a factor weighing on confidence. In 2018, Vedanta emerged as the highest bidder for GMR Chhattisgarh Energy with a bid of about Rs 2,500 crore but later exited the transaction. The same year, the group withdrew from the Ind-Barath Energy (Utkal) deal after receiving approval from the National Company Law Tribunal, leading to legal disputes. In another case, Vedanta’s acquisition of Meenakshi Energy faced prolonged litigation and delays, with the transaction eventually closing in 2023 after several revisions.
By contrast it looks like the rival proposal for Jaiprakash Associates which is of Adani offered faster recovery and greater certainty. “Even if the other bid is marginally lower, it provides upfront cash and a quicker exit for lenders.
Vedanta’s proposal envisaged staggered payments spread over five to six years, with limited upfront commitment, according to people involved in the evaluation. That structure might have reduced confidence in timely recovery.
Anil Agarwal@AnilAgarwal_Ved
This morning, I was reading Chapter 15 of the Bhagavad Gita. One thought stayed with me. “Have courage. Stay humble. Do your duty without attachment.” Life tested this. Some years ago, Shri Jaiprakash Gaur, who built Jaypee Group, came to meet me in London. He had built an empire over his lifetime with hard work and vision. He reached out more than once. He wrote to me. His only wish was simple that what he had built should go into safe hands and be taken forward with the right intent. He even wrote me letters in Hindi, in his own words, expressing his trust. At that time, we could not proceed. Recently, the asset went into a public auction by CoC in the IBC process. Many strong bidders participated. Suddenly, the sentiment and wishes of Jaiprakash Gaur ji came rushing back to me. One by one, everyone dropped out of the bidding. Finally, we were declared the highest bidder publicly. It was a transparent process. We were informed in writing that we had won. But life is never so simple. After some days, the decision was changed. Don’t want to go into the details. That is for the right forum. But I want to share something from my heart. We have no attachment to this asset. If it comes, it is God’s grace. If it goes, that is also his wish. But one thing we believe strongly. When something is promised in dharma, it should not be taken back. In our scriptures also, we see this again and again. Truth, commitment, and fairness are above everything. So, what should one do? Gita gives a simple answer - do your duty, with courage, but without anger or attachment. That is what we will do. We will place the facts in the right way. We will follow the right path. Rest, I leave to God.
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Vikram 💯 retweetledi
Trust matters and Track record matters too. What led to Vedanta's bid being dismissed vis a vis Adani .
Sir Anil Agarwal with due respect if we understand correctly Vedanta has a long history of aggressive tactics and backing out of deals, leaving lenders worse off.
Vedanta’s past bids show the pattern:
~2018: Highest bidder for GMR Chhattisgarh Energy at ₹2,500 Cr.
Later withdrew.
~2018: Won Ind-Barath Energy (Utkal) with ₹1,438 Cr bid.
Approved by NCLT, then withdrew → litigation.
Finally sold to another bidder
~Meenakshi Energy: Deal dragged for nearly 4 years due to litigation.
Closed in 2023 with lenders recovering only ~31% of their claims.
Track record matters.
ft.com/content/951cd2…
Anil Agarwal@AnilAgarwal_Ved
This morning, I was reading Chapter 15 of the Bhagavad Gita. One thought stayed with me. “Have courage. Stay humble. Do your duty without attachment.” Life tested this. Some years ago, Shri Jaiprakash Gaur, who built Jaypee Group, came to meet me in London. He had built an empire over his lifetime with hard work and vision. He reached out more than once. He wrote to me. His only wish was simple that what he had built should go into safe hands and be taken forward with the right intent. He even wrote me letters in Hindi, in his own words, expressing his trust. At that time, we could not proceed. Recently, the asset went into a public auction by CoC in the IBC process. Many strong bidders participated. Suddenly, the sentiment and wishes of Jaiprakash Gaur ji came rushing back to me. One by one, everyone dropped out of the bidding. Finally, we were declared the highest bidder publicly. It was a transparent process. We were informed in writing that we had won. But life is never so simple. After some days, the decision was changed. Don’t want to go into the details. That is for the right forum. But I want to share something from my heart. We have no attachment to this asset. If it comes, it is God’s grace. If it goes, that is also his wish. But one thing we believe strongly. When something is promised in dharma, it should not be taken back. In our scriptures also, we see this again and again. Truth, commitment, and fairness are above everything. So, what should one do? Gita gives a simple answer - do your duty, with courage, but without anger or attachment. That is what we will do. We will place the facts in the right way. We will follow the right path. Rest, I leave to God.
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Vikram 💯 retweetledi
For families who have waited years, certainty may matter more than promises
Anil Agarwal’s proposal appears attractive on the surface because it offers a 3–4% higher valuation, but the key catch is that payments are deferred by 5–6 years. For families who have already waited nearly a decade for resolution, “later” carries significant risk.
There is also the question of operational experience. Vedanta has no prior track record in Jaiprakash Associates’ core sectors — cement, hospitality, or large-scale real estate development but here Adani fits the requirements.
Most importantly, Vedanta proposal reportedly does not guarantee completion and delivery of homes. Without a firm commitment to finish the projects, a higher valuation risks remaining only theoretical value for thousands of homebuyers who simply want possession of their homes.
Anil Agarwal@AnilAgarwal_Ved
This morning, I was reading Chapter 15 of the Bhagavad Gita. One thought stayed with me. “Have courage. Stay humble. Do your duty without attachment.” Life tested this. Some years ago, Shri Jaiprakash Gaur, who built Jaypee Group, came to meet me in London. He had built an empire over his lifetime with hard work and vision. He reached out more than once. He wrote to me. His only wish was simple that what he had built should go into safe hands and be taken forward with the right intent. He even wrote me letters in Hindi, in his own words, expressing his trust. At that time, we could not proceed. Recently, the asset went into a public auction by CoC in the IBC process. Many strong bidders participated. Suddenly, the sentiment and wishes of Jaiprakash Gaur ji came rushing back to me. One by one, everyone dropped out of the bidding. Finally, we were declared the highest bidder publicly. It was a transparent process. We were informed in writing that we had won. But life is never so simple. After some days, the decision was changed. Don’t want to go into the details. That is for the right forum. But I want to share something from my heart. We have no attachment to this asset. If it comes, it is God’s grace. If it goes, that is also his wish. But one thing we believe strongly. When something is promised in dharma, it should not be taken back. In our scriptures also, we see this again and again. Truth, commitment, and fairness are above everything. So, what should one do? Gita gives a simple answer - do your duty, with courage, but without anger or attachment. That is what we will do. We will place the facts in the right way. We will follow the right path. Rest, I leave to God.
English
Vikram 💯 retweetledi
As per Moneycontrol, while Vedanta’s bid was higher in value terms, it involved a staggered payout over ~5 years, whereas the selected plan offered 6000 crore upfront and full payout within 2 years. moneycontrol.com/news/business/…
Is it possible that this was chosen from an improving recovery and IRR perspective?
Anil Agarwal@AnilAgarwal_Ved
This morning, I was reading Chapter 15 of the Bhagavad Gita. One thought stayed with me. “Have courage. Stay humble. Do your duty without attachment.” Life tested this. Some years ago, Shri Jaiprakash Gaur, who built Jaypee Group, came to meet me in London. He had built an empire over his lifetime with hard work and vision. He reached out more than once. He wrote to me. His only wish was simple that what he had built should go into safe hands and be taken forward with the right intent. He even wrote me letters in Hindi, in his own words, expressing his trust. At that time, we could not proceed. Recently, the asset went into a public auction by CoC in the IBC process. Many strong bidders participated. Suddenly, the sentiment and wishes of Jaiprakash Gaur ji came rushing back to me. One by one, everyone dropped out of the bidding. Finally, we were declared the highest bidder publicly. It was a transparent process. We were informed in writing that we had won. But life is never so simple. After some days, the decision was changed. Don’t want to go into the details. That is for the right forum. But I want to share something from my heart. We have no attachment to this asset. If it comes, it is God’s grace. If it goes, that is also his wish. But one thing we believe strongly. When something is promised in dharma, it should not be taken back. In our scriptures also, we see this again and again. Truth, commitment, and fairness are above everything. So, what should one do? Gita gives a simple answer - do your duty, with courage, but without anger or attachment. That is what we will do. We will place the facts in the right way. We will follow the right path. Rest, I leave to God.
English
Vikram 💯 retweetledi
With due respect sir, this narrative is misleading.
This was never about a “promise” it was a structured process under the IBC where rules are clearly defined and uniformly applied.
Being declared the highest bidder at an interim stage does not confer any legal or enforceable right. Finality comes only after approval by the CoC, which in this case saw ~89% voting in favour of the selected plan, reflecting strong lender consensus.
Lenders were dealing with a ~Rs.57,000+ crore stressed exposure, and their decision was driven by risk-adjusted recovery, not headline value.
While your bid was higher on paper (Rs.17,000 crore as reported), the competing plan offered Rs.6,000 crore upfront and the full Rs.14,535 crore payout within ~2 years, compared to a staggered payout over ~5 years. This materially improves IRR, recovery certainty, and reduces execution risk.
Further, an addendum submitted after the final bid stage (post 23rd CoC meeting) was deemed non-compliant with the process framework. Accepting such a revision would have required reopening the entire bidding process for all participants, which is not permissible under IBC timelines and would compromise fairness.
Independent evaluation also reflected this clearly, with a significant scoring gap (89.26 vs 75.60) based on parameters like upfront cash, funding certainty, structure, and execution capability not just NPV.
Additionally, this resolution impacts ~5,000 homebuyers with admitted claims of ~Rs.2,074 crore, who have been awaiting closure for nearly a decade. For them, speed and certainty of execution are critical.
Framing this as a violation of dharma overlooks the core reality: this was a process-driven, data-backed decision where lenders prioritised certainty, timelines, and execution strength over a higher but delayed and uncertain value.
Respectfully, the bid did not lose on fairness - it lost on structure, compliance, and deliverability within the framework.
Anil Agarwal@AnilAgarwal_Ved
This morning, I was reading Chapter 15 of the Bhagavad Gita. One thought stayed with me. “Have courage. Stay humble. Do your duty without attachment.” Life tested this. Some years ago, Shri Jaiprakash Gaur, who built Jaypee Group, came to meet me in London. He had built an empire over his lifetime with hard work and vision. He reached out more than once. He wrote to me. His only wish was simple that what he had built should go into safe hands and be taken forward with the right intent. He even wrote me letters in Hindi, in his own words, expressing his trust. At that time, we could not proceed. Recently, the asset went into a public auction by CoC in the IBC process. Many strong bidders participated. Suddenly, the sentiment and wishes of Jaiprakash Gaur ji came rushing back to me. One by one, everyone dropped out of the bidding. Finally, we were declared the highest bidder publicly. It was a transparent process. We were informed in writing that we had won. But life is never so simple. After some days, the decision was changed. Don’t want to go into the details. That is for the right forum. But I want to share something from my heart. We have no attachment to this asset. If it comes, it is God’s grace. If it goes, that is also his wish. But one thing we believe strongly. When something is promised in dharma, it should not be taken back. In our scriptures also, we see this again and again. Truth, commitment, and fairness are above everything. So, what should one do? Gita gives a simple answer - do your duty, with courage, but without anger or attachment. That is what we will do. We will place the facts in the right way. We will follow the right path. Rest, I leave to God.
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@TheBrahmanGirl @vaishnavishukl From imports to indigenous strength—Adani Defence & Aerospace is driving real change.
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@shiya_prasad @vaishnavishukl reducing India’s reliance on overseas suppliers while boosting self-reliance in critical defence systems.
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@Nitishvkma @vaishnavishukl From infrastructure to execution, Adani Defence & Aerospace is building a strong domestic defence ecosystem.
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@Notjustheadline @vaishnavishukl Built in Gwalior, delivered to the nation. This is Make in India working at scale.
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@RiddzX29 @vaishnavishukl Early delivery and 90% domestic sourcing highlight efficiency. Adani Defence & Aerospace is setting new benchmarks.
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