Reliance Defence bags ₹600-crore order from Germany's Rheinmetall Waffe Munition
Anil Ambani's Reliance Defence on Wednesday (June 25, 2025) said it has secured an export order worth ₹600 crore from Rheinmetall Waffe Munition GmbH, a leading German defence and ammunition manufacturer.
The export order is one of the largest in the high-tech ammunition domain to date, a company statement said.
The order represents a key milestone in Reliance Defence's strategy to strengthen its position as a reliable partner in the global defence and ammunition supply chain, with a particular focus on Europe, it said.
The collaboration highlights the mutual commitment of both parties to long-term cooperation, and to advancing the 'Atmanirbhar Bharat' and 'Make in India' initiatives by strengthening indigenous defence manufacturing capabilities.
Reliance Defence aims to be amongst top three defence exporters in the country, it said.
"This strategic partnership...illustrates our strong commitment to partner with India under the strong leadership of Prime Minister Modi," said Armin Papperger, CEO of Rheinmetall AG.
Anil Ambani, Founder Chairman, Reliance Group said the partnership brings cutting-edge capabilities to India and represents a defining milestone for the country's private defence manufacturing sector.
Reliance Defence will establish an integrated facility for the manufacturing of explosives, ammunition, and small arms under the ambitious Dhirubhai Ambani Defence City (DADC) initiative, it stated.
DADC is being developed in the Watad industrial area of Ratnagiri, Maharashtra, and is set to become the largest greenfield project in the defence sector ever undertaken by any private company in India.
It will serve as a cornerstone for future innovation, advanced production, and export-oriented growth in the defence sector.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
29 minutes ago
- Hans India
Shukla carries aspirations of 140 crore Indians: PM
New Delhi: Prime Minister Narendra Modi on Wednesday welcomed the successful launch of Axiom-4 mission to the International Space Station and said astronaut Shubhanshu Shukla carries with him the wishes, hopes and aspirations of 140 crore Indians. "We welcome the successful launch of the Space Mission carrying astronauts from India, Hungary, Poland and the US," Modi said in a post on X. He said Group Captain Shukla is on the way to become the first Indian to go to International Space Station. "He carries with him the wishes, hopes and aspirations of 1.4 billion Indians. Wish him and other astronauts all the success," Modi said.
New Indian Express
35 minutes ago
- New Indian Express
Transformative Governance, Security, Collective Spirit
The past decade has been a testament to India's remarkable transformation under the decisive and visionary leadership of Prime Minister Narendra Modi. As our nation completes eleven years of this transformative journey, India stands significantly taller on global platforms, having achieved unprecedented progress across a multitude of sectors at home. India's projected ascent to become the world's fourth-largest economy by 2025, based on nominal GDP, is a clear reflection of the success of landmark policies, such as Make in India, and GST. The infrastructure sector has witnessed unparalleled growth, with the construction of nearly 50,000 km of national highways, including engineering marvels like the Delhi-Mumbai Expressway. The PM Gati Shakti National Master Plan is meticulously integrating infrastructure development across various sectors. Rural India has undergone a remarkable transformation, with nearly 100% electrification, bringing light and opportunity to countless households. Our renewable energy capacity has roughly tripled. The Digital India revolution has expanded financial inclusion. The Aadhaar-linked Direct Benefit Transfer (DBT) mechanism has saved an astounding Rs 2.7 lakh crore by eliminating leakages and ensuring that aid reaches its intended beneficiaries directly. The Unified Payments Interface (UPI) system, now processing over 1000 crore monthly transactions, has evolved into a global benchmark for digital finance. The semiconductor mission and the introduction of production-linked incentives are strategically positioning India as a global manufacturing hub. With over 75 crore internet users, India's digital economy is projected to reach an impressive $1 trillion by 2030.
Mint
36 minutes ago
- Mint
Stocks to watch: SBI, Nestle India, Adani Enterprises, Vodafone Idea among shares in focus today amid Israel-Iran war
State Bank of India (SBI) is in the final stages of selecting several merchant banks to help it raise up to ₹ 25,000 crore through a qualified institutional placement (QIP) — marking its first equity offering in eight years. MSCI ESG Ratings and Research Private Ltd has raised the bank's ESG rating from A to AA. JSW Energy Ltd, through its step-down subsidiary Energizent Power Private Ltd, has entered into a Power Purchase Agreement with NHPC Ltd for a 300 MW solar-wind hybrid project connected to the Inter-State Transmission System (ISTS). Nestle India Ltd., the multinational FMCG major, is set to consider a bonus share issue during its board meeting scheduled for Thursday, June 26. The company has given the go-ahead for a public issuance of non-convertible debentures (NCDs) with an initial amount of ₹ 500 crore, which can be increased by another ₹ 500 crore through a green shoe option, bringing the total potential issue size to ₹ 1,000 crore. The company has notified the exchanges that it has subscribed to and received an allotment of 19 crore equity shares in Jio Payments Bank, amounting to ₹ 190 crore. Reliance Defence, a subsidiary of the company, has secured an export order worth ₹ 600 crore from the German arms and ammunition firm Rheinmetall Waffe Munition GmbH. CDSL has entered into a Memorandum of Understanding (MoU) with IIM Mumbai to leverage advanced data analytics and research capabilities. According to Bloomberg, the telecom operator is negotiating to secure loans amounting to ₹ 250 billion ($2.9 billion) in order to enhance its network infrastructure and address the loss of subscribers to competing companies. The company has bagged a contract worth ₹ 4,801 crore for the development and operation of the Banhardih Coal Mining Block located in Jharkhand. The contract was awarded by Patratu Vidyut Utpadan Nigam Ltd, a joint venture between NTPC and JBVNL. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
