said that its step-down subsidiary firm, Agneyastra Energetics, has entered into an agreement with Andhra Pradesh Industrial Infrastructure Corporation Ltd, an industrial infrastructure agency of the Government of Andhra Pradesh, for the purpose of land purchase. The company will approximately buy 949.65 acres at Madakasira, Anantapur district, for undertaking development of an end-to-end defence energetics manufacturing complex. The unit will include a high explosives manufacturing plant, an ammunition filling plant, a gun propellant facility, and provisions for future expansion into energetics for rockets, missile systems, and space launch vehicles, followed by advanced energetics. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.