Latest news with #DADC
The Print
10 hours ago
- Business
- The Print
Reliance Defence bags Rs 600 crore export order from Germany's Rheinmetall
This is part of the recently announced strategic partnership with Rheinmetall that aims to manufacture explosives and propellants for medium and large calibre ammunition for international customers. Reliance Defence's export order is one of the largest in the high-tech ammunition domain to date in the Indian private sector. New Delhi: Reliance Defence Limited (Reliance Defence), promoted by Reliance Infrastructure Limited, announced Wednesday it has secured an export order worth Rs 600 crore from Rheinmetall Waffe Munition GmbH, a leading German defence and ammunition manufacturer. A statement released by Reliance Defence quoted Armin Papperger, CEO of Rheinmetall AG as saying, 'This strategic partnership of Rheinmetall with Reliance Defence led by Anil Ambani's Reliance Group illustrates our strong commitment to partner with India under the strong leadership of Prime Minister Modi'. Anil D. Ambani, Founder Chairman, Reliance Group said, 'The strategic partnership with Rheinmetall 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. The 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. Incidentally, in 2012, the German company was blacklisted by the Indian defence ministry over allegations of corruption. The ban was extended for three more years this year, which means the Indian defence forces cannot sign a deal with the company. Incidentally, state-run Munitions India Limited had sold close to 500 tonnes of explosives to the Germany company in 2023 and early 2024. (Edited by Viny Mishra) Also read: Reliance Defence ties up with German arms maker Rheinmetall AG to make explosives for export markets
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Business Standard
11 hours ago
- Business
- Business Standard
Reliance Defence bags export order worth ₹600 cr from Germany's Rheinmetall
Reliance Defence, a defence manufacturer promoted by Anil Ambani's Reliance Infrastructure, has secured an export order worth Rs 600 crore from Rheinmetall Waffe Munition GmbH, a German defence and ammunition maker. The order is one of the largest in the high-tech ammunition domain to date, R-Infra claimed. Reliance Defence recently announced a partnership with Rheinmetall to supply explosives and propellants for ammunition to the latter. Reliance Defence aims to be a reliable partner in the global defence and munitions supply chain, with a particular focus on Europe. It aims to be among the top three defence exporters in India in the next 12–24 months. The agreement aligns with Reliance Defence's strategic focus on expanding its international presence, with Europe identified as a key market for future growth, the company noted. Armin Papperger, chief executive officer, Rheinmetall AG, said, 'This strategic partnership of Rheinmetall with Reliance Defence, led by Anil Ambani's Reliance Group, illustrates our strong commitment to partner with India under the strong leadership of Prime Minister Modi.' Reliance Defence will establish an integrated facility for the manufacturing of explosives, ammunition and small arms under the Dhirubhai Ambani Defence City (DADC) initiative. The 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, the company said. Rheinmetall AG is one of the world's largest defence conglomerates, with a market capitalisation of over €80 billion. It concluded the calendar year 2024 with an annual revenue of €9.8 billion from operations spanning 171 global locations. Earlier this month, Reliance Defence tied up with Germany-based Diehl Defence for the production of next-generation terminally guided munitions (TGM) in Ratnagiri. The facilities for the above-mentioned partnerships in Ratnagiri will be established with an investment of Rs 5,000 crore over the next five years, a company source stated. The company aims to fund 30 per cent of the investment via equity and the remaining 70 per cent through debt. The equity is likely to come from the company's internal cash accruals, the source added.
Business Upturn
11 hours ago
- Business
- Business Upturn
Reliance Defence secures Rs 600 crore export order from German firm Rheinmetall
Reliance Infrastructure Limited promoted, Reliance Defence Limited (Reliance Defence), has recently informed exchanges that the copmany secured a major export order worth ₹600 crore from Germany's Rheinmetall Waffe Munition GmbH, a global leader in defence and ammunition manufacturing. This high-value order marks one of the largest exports in India's high-tech ammunition space and highlights the deepening strategic partnership between Reliance Defence and Rheinmetall. The deal strengthens Reliance Defence's global footprint, particularly in Europe, and reinforces India's push for indigenous defence production under the 'Atmanirbhar Bharat' and 'Make in India' initiatives. The agreement also supports Reliance Defence's ambition to become one of India's top three defence exporters. It will play a pivotal role in boosting the country's private defence manufacturing capabilities. To support this growing export momentum, the company is developing the Dhirubhai Ambani Defence City (DADC) in Watad, Ratnagiri, Maharashtra. This greenfield project will be the largest of its kind by a private player in India, featuring integrated manufacturing facilities for ammunition, explosives, and small arms. The DADC is set to become a major hub for defence innovation, production, and global supply, driving export-led growth for India's private defence sector. Ahmedabad Plane Crash Reliance DefenceReliance Infrastructure 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
The Hindu
12 hours ago
- Business
- The Hindu
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 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.
