Reliance Infrastructure share hits 5% upper circuit after its subsidiary secures Rs 600 crore export order from Rheinmetall
This significant order is among the largest ever in India's high-tech ammunition export space, reflecting the strength of Reliance Defence's growing global partnerships. It also underscores the deepening strategic alliance between Reliance Defence and Rheinmetall, with Europe emerging as a key export market.
The deal gives a major boost to India's defence export ambitions and aligns closely with the government's 'Atmanirbhar Bharat' and 'Make in India' initiatives, aimed at promoting indigenous defence production.
Reliance Defence has set a bold target of becoming one of the top three defence exporters from India. Supporting this vision, the company is developing the Dhirubhai Ambani Defence City (DADC) at Watad in Ratnagiri, Maharashtra. This state-of-the-art greenfield project will be India's largest private defence manufacturing hub, featuring integrated facilities for ammunition, explosives, and small arms.
Reliance Infrastructure shares opened at ₹388.00 and touched a high of ₹404.65 during the trading session. The stock also saw a low of ₹383.10 on the same day. It is trading close to its 52-week high of ₹420.00, while the 52-week low stands at ₹169.51.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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