Anil Ambani is back. Is it for real?
'When elephants go on a procession, the dogs keep barking, but the elephants keep going.' This was Anil Ambani invoking his legendary father Dhirubhai Ambani in 2008, the year Reliance Power IPO, the biggest ever then, was being launched. Standing atop a market capitalisation of a whopping INR4 lakh crore for businesses that ranged from telecom to mutual funds, the elephant analogy did not sound misplaced back then. Cut to today. Many of the
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India.com
a day ago
- India.com
No help needed from Russia, France, Israel, or US, India is making its own… to earn money from...
No help needed from Russia, France, Israel, or US, India is making its own… to earn money from… New Delhi: The days are about to change when India was dependent on Russia, France, and the United States for ammunition for its artillery. Now, the country is moving towards making its own ammunition. The Defence Research and Development Organisation is working on making indigenous ammunition and making progress in it. According to a report by Economic Times, citing sources, four different types of 155 mm artillery ammunition have been tested in the last two years. These tests turned out to be successful, meeting the army's requirements. These types of ammunition include high explosive rounds, smoke rounds, and Dual Purpose Improved Conventional Munition (DPICM) rounds. Notably, DPICM rounds are used to target a large area. Final Trials Soon As per the report, the final trials to be conducted by November this year. The army will conduct these trials and if the higher authority finds the ammunitions suitable then these ammunitions will be purchased in large quantity. 'The work of making the ammunition is almost complete and we are now moving towards user trials. The user is already involved in this project,' ET quoted a source as saying. Notably, the Army is working with the DRDO for this project. Anil Ambani's Company Link It is worth mentioning that these ammunitions are being made under the Development cum Production Partner (DCPP) program. Two companies have been selected to contribute in the program. These companies will first make samples and if the samples are given green signals from the Army then the process for procurement of ammunition in large quantities will be initiated. Reliance Infrastructure's company Jai Ammunition Limited and government company Yantra India Limited have been engaged in making ammunition in collaboration with DRDO for the last two years. How Much Power Will You Get? India will need ammunition worth about Rs 10 thousand crore in the next ten years. Not only this, if the project is successful, then the country can sell a large number of ammunition. It simply means that India will not need to buy ammunition from countries like Russia, France, and US etc. Rather, we will be able to earn money by selling the ammunition. How Much Does India Import? A Stockholm International Peace Research Institute (SIPRI) report reveals that India was the world's second-largest arms importer from 2020 to 2024, accounting for 8.3% of global imports. Russia, France, and Israel were India's primary suppliers, with Russia providing 36% of India's arms imports. However, India's arms imports decreased by 9.3% during this period compared to the 2015-2019 timeframe, likely due to increased domestic weapons design and manufacturing capabilities
The Print
2 days ago
- The Print
France's Dassault Aviation ties up with Tata for Rafale fuselage manufacturing in India
Incidentally, Dassault Aviation and Anil Ambani-led Reliance Group have an existing partnership as part of the offsets for the 36 Rafale aircraft deal signed in 2016. The first fuselage sections are expected to be rolled out in 2028, with a target capacity of two complete fuselages per month. New Delhi: French aviation major Dassault Aviation, a front-runner for the multi-role fighter aircraft contract in India, has tied up with Tata Advanced Systems Limited (TASL) to manufacture all the fuselage sections of the Rafale fighter jet in India. 'Dassault Aviation and Tata Advanced Systems Limited have signed four production transfer agreements to manufacture the Rafale fighter aircraft fuselage in India, marking a significant step forward in strengthening the country's aerospace manufacturing capabilities and supporting global supply chains,' a statement by Tata said. Under the scope of the partnership, Tata Advanced Systems will set up a production facility in Hyderabad for the manufacture of key structural sections of the Rafale, including the lateral shells of the rear fuselage, the complete rear section, the central fuselage, and the front section. The facility represents a significant investment in the Indian aerospace infrastructure and will serve as a critical hub for high-precision manufacturing, the TASL statement added. 'The first fuselage sections are expected to roll off the assembly line in FY2028, with the facility expected to deliver up to two complete fuselages per month,' the statement said. It will mark the production of the Rafale fuselage outside France for the first time. 'This is a decisive step in strengthening our supply chain in India. Thanks to the expansion of our local partners, including TASL, one of the major players in the Indian aerospace industry, this supply chain will contribute to the successful ramp-up of the Rafale and, with our support, will meet our quality and competitiveness requirements,' said Dassault Aviation Chairman and CEO Eric Trappier. TASL Chief Executive Officer and Managing Director Sukaran Singh said, 'This partnership marks a significant step in India's aerospace journey.' 'The production of the complete Rafale fuselage in India underscores the deepening trust in Tata Advanced Systems' capabilities and the strength of our collaboration with Dassault Aviation. It also reflects the remarkable progress India has made in establishing a modern, robust aerospace manufacturing ecosystem that can support global platforms.' Rafale is the front-runner for the multi-role fighter aircraft contract under which the Indian Air Force (IAF) is hoping to acquire 114 new fighters. ThePrint earlier reported on India-France talks and an expected government-to-government contract for more Rafale aircraft. The exact number, however, is not known. Sources in the defence establishment said that the project will have high indigenous content. Dassault Aviation has made it clear that it would require a minimum contract of 100 multi-role fighter aircraft (MRFA) to set up a full-fledged production line in India. In 2022, ThePrint reported on a plan to split the MRFA order. Instead of acquiring 114 aircraft in one go, the proposal under consideration was to go in for an initial order of 54 aircraft for the IAF. It would include 18 aircraft bought off-the-shelf from the foreign original equipment manufacturer (OEM) and 36 manufactured in India in a joint venture under 'Make In India'. The foreign OEM will get a direct order. With over 10,000 military and civil aircraft—including 2,700 Falcons—delivered to more than 90 countries over the last century, Dassault Aviation reported a revenue of €6.2 billion in 2024. (Edited by Madhurita Goswami) Also Read: Govt backs IAF plan to procure 114 Multi-Role Fighter Aircraft but faces 2 problems. What's the logjam
Mint
2 days ago
- Mint
Anil Ambani-owned Reliance Infrastructure share price dips 5% after THIS reply on 155mm artillery shells
Anil Ambani-owned Reliance Infrastructure's stock took a breather on Thursday after a sharp 11% gain in the last trading session, with the scrip declining 5% in intra-day deals today. Apart from profit taking following a sharp rally in recent months, Reliance Infra share price also came under pressure following its response to the exchange on the development of next-gen 155mm artillery shells by the company. The stock exchange BSE had sought a clarification from Reliance Infrastructure on Wednesday about an article in Business Today, titled "Reliance Infra becomes first private Indian firm to develop next-gen 155mm artillery shells". In its response, the Anil Ambani-owned group stock said that it has a number of defence SPVs that are engaged in various businesses, including one SPV which is in the process of developing ammunition with the DRDO project of the Government of India. "The activities are routine in nature as per the objectives of the company. There were no negotiations as per our knowledge and information," the company said. Furthermore, it added that the development of ammunition by a subsidiary company is in the normal course of business and is not a disclosable event. Reliance Infra also said that as on date, there was no order from the Indian Army for ammunition under development. Meanwhile, in a major relief for Reliance Infra, National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed insolvency proceedings against the company that were initiated by IDBI Trusteeship Services Ltd over an alleged default of ₹ 88 crore. The ADAG stock Reliance Infrastructure declined as much as 4.8% in intra-day trade on Thursday. It hit the day's low of ₹ 362. However, this fall is a small dent in the massive rally the Reliance Infrastructure share price has seen recently. The BSE Smallcap stock is up 17% in a week and 68% in three months. In 2025 so far, Reliance Infra share has added 15.60% while it has emerged as a multibagger stock over a year, rallying 146%. As of 3.20 pm, Reliance Infrastructure share price was at ₹ 373.80, down 1.75%. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
