Reliance Infra inks ₹20,000 crore defence pact with US firm to service India's jets, choppers
, promoted by
Reliance Infrastructure
, on Monday announced a strategic partnership with
Coastal Mechanics Inc
(CMI), a US Department of Defense-authorised contractor, to jointly tap into India's ₹20,000 crore
defence market
for maintenance, repair, overhaul (MRO), and upgrades.
Shares of Reliance Infrastructure Ltd. were trading at ₹409.10 on Monday, down ₹3.95 or 0.96% for the day.
Under the agreement, Reliance Defence and Coastal Mechanics will collaborate to provide comprehensive end-to-end MRO, upgrade, and lifecycle support services to the
Indian Armed Forces
. The focus will be on a range of critical defence platforms, including over 100 Jaguar and
MiG-29 fighter aircraft
, Apache attack helicopters, L-70 air defence guns, and various other legacy systems that require long-term sustainment and modernisation.
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The companies said the partnership targets a long-duration opportunity driven by the Indian military's evolving strategy of extending asset lifecycles and adopting performance-based logistics, rather than outright replacement.
As part of the agreement, Reliance Defence and Coastal Mechanics will set up a joint venture at MIHAN (Multi-modal International Cargo Hub and Airport at Nagpur) in Maharashtra. The facility will serve both domestic and export markets, offering MRO and upgrade services for multiple air and land defence platforms operated by India's armed forces.
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