Reliance Infrastructure shares hit 5% upper circuit after subsidiary partners with Dassault Aviation to manufacture Falcon 2000 jets
Reliance Infrastructure shares surged 5% to hit the upper circuit after its subsidiary, Reliance Aerostructure Limited (RAL), and Dassault Aviation announced a major partnership to manufacture Falcon 2000 business jets in India. Revealed at the Paris Air Show, the deal marks a historic move as Dassault will build its Falcon jets outside France for the first time, highlighting India's rising prominence in global aerospace manufacturing.
The joint venture, Dassault Reliance Aerospace Limited (DRAL), will set up a final assembly line in Nagpur, Maharashtra. The facility is expected to produce Falcon 2000 jets for both domestic and international markets, with the first 'Made-in-India' jet projected to fly by 2028.
Under this collaboration, DRAL will become a Center of Excellence (CoE) for multiple Falcon programs, and Dassault will transfer key production elements such as the wings and fuselage of its Falcon 2000, 6X, and 8X jets to India.
Since its formation in 2017, DRAL has already delivered over 100 Falcon 2000 sub-sections, underscoring India's evolving capability in precision aerospace manufacturing. The new phase of development is expected to generate significant employment opportunities in the sector, with hundreds of engineers and technicians to be hired.
Reliance Infrastructure shares opened at ₹365.90 and touched a high of ₹386.50 during the trading session, while the low stood at ₹362.10. The stock remains close to its 52-week high of ₹420.00, reflecting strong recent performance. Its 52-week low is ₹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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