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India.com
14 hours ago
- Business
- India.com
Anil Ambani makes big move, Reliance Infra plans defence exports worth Rs 30000000000 in just...
New Delhi: Anil Ambani's Reliance Group's flagship company, Reliance Infrastructure Ltd, is targeting Rs 3,000 crore from the export of 155 mm ammunition and aggregates by the end of financial year 2027, sources said. In the current year itself, the company is estimated to export Rs 1,500 crore of large calibre ammunition. Reliance Infrastructure has already recorded exporting artillery ammunition and aggregates of up to Rs 100 crore. Now it is aiming to be among the top three exporters of defence equipment in India, sources aware of the matter said. The key export market for Reliance includes countries in the European Union, focusing on large restocking demand for artillery ammunition. The market size for restocking is estimated at Rs 4,00,000 crore according to the experts. Sources said Reliance has been able to make inroads in the highly competitive markets of the European Union and South East Asia. The ammunition export is the key priority of the company as it develops Dhirubhai Ambani Defence City (DADC) in Ratnagiri, Maharashtra, with a capital outlay of Rs 5,000 crore, said a Reliance Infrastructure spokesperson. The company has been allotted 1,000 acres of land in Watad Industrial Area of Ratnagiri, Maharashtra to develop DADC. It will be the largest greenfield project in the defence sector in India by any private sector company. The company is setting up an integrated explosives and ammunition manufacturing plant in DADC. Recently, Reliance Defence also announced a strategic partnership with Düsseldorf-based Rheinmetall AG. The collaboration between the companies will include the supply of explosives and propellants for medium and large caliber ammunition to Rheinmetall by Reliance. Furthermore, the two companies intend to engage in joint marketing activities for selected products and aim to further extend their cooperation based on future opportunities. Reliance Defence will set up a greenfield manufacturing facility in Ratnagiri, Maharashtra, to support this collaboration. The manufacturing facility will have an annual capacity to produce up to 200,000 artillery shells, 10,000 tonnes of explosives and 2,000 tonnes of propellants. This new facility will help Reliance Defence achieve its objective of being amongst the top three defence exporters in the country.
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Business Standard
3 days ago
- Business
- Business Standard
Anil Ambani Reliance Group stock nears 52-week high; soars 48% in 3 weeks
Reliance Infrastructure share price today Share price of Reliance Infrastructure has moved higher by 11 per cent to ₹347.65 on the BSE in Friday's intra-day trade amid heavy volumes in otherwise a subdued market. The stock price of Anil Ambani Reliance Group Company is trading close to its 52-week high level of ₹350.90 touched on September 24, 2024. In the past three weeks, the stock price of Reliance Infrastructure has zoomed 48 per cent. It bounced back 75 per cent from its March 2025 low of ₹198.20 on the BSE. At 02:36 PM, Reliance Infrastructure was quoting 7 per cent higher at ₹336.20, as compared to a 0.2 per cent decline in the BSE Sensex. The average trading volumes on the counter nearly doubled, with a combined nearly 26 million equity shares having changed hands on the NSE and BSE. Reasons behind Reliance Infra stock rally Reliance Infrastructure posted a consolidated profit after tax (PAT) of ₹4,387 crore in the January to March 2025 quarter (Q4FY25), against a loss of ₹ 3,298 crore in the year-ago quarter. Adjusted earnings before interest, tax, depreciation, and amortisation (Ebitda) rose to ₹8,876 crore in Q4, a 681 per cent increase on a quarter-on-quarter (Q-o-Q) basis. For the full year FY25, the infrastructure and power major reported a consolidated PAT of ₹4,938 crore, against a loss of ₹1,609 crore in FY24. Full-year consolidated Ebitda (excluding exceptional items) more than doubled to ₹12,288 crore, from ₹4,842 crore in FY24, and operating income rose 7 per cent year-on-year (Y-o-Y) to ₹23,592 crore. Reliance Infrastructure's consolidated net worth rose by ₹5,859 crore year-on-year, to ₹14,287 crore as of March 31, 2025, up 70 per cent from ₹8,428 crore as on March 31, 2024. The company said standalone net debt from banks and financial institutions is 'zero' as on March 31, 2025. Its consolidated external net debt-to-equity ratio dropped sharply to 0.28x, from 0.78x a year earlier. Reliance Infra's strategic partnerships Meanwhile, on May 22, 2025, Reliance Infrastructure promoted Reliance Defence, and Düsseldorf-based Rheinmetall AG agreed on a strategic partnership in the field of ammunition. This marks the third major partnership for Reliance Defence, following its successful strategic alliances with Dassault Aviation and the Thales Group of France. The collaboration between the companies will include the supply of explosives and propellants for medium & large calibre ammunition to Rheinmetall by Reliance. Furthermore, the two companies intend to engage in joint marketing activities for selected products and are aiming to further extend their cooperation based on future opportunities, Reliance Infrastructure said in its exchange filing. The strategic partnership will strengthen India's defence manufacturing capabilities, aligning with the Government of India's flagship 'Make in India' and 'Atmanirbhar Bharat' initiatives. It advances the vision of Hon'ble Prime Minister Shri Narendra Modi to position India among the world's leading defence exporters, the company said. Anil D. Ambani, Founder and Chairman, Reliance Group, said, 'Our objective is clear – to position Reliance Defence among the Top 3 Defence Exporters, enabling India to not only meet its domestic defence needs, but also emerge as a key player in the global defence supply chain. This project marks a major step in the Reliance Group's long-term strategy to invest in the fast-growing defence manufacturing sector.' About Reliance Infrastructure Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high-growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector. Reliance Infrastructure is a major player in providing Engineering and Construction (E&C) services for developing power, infrastructure, metro and road projects. Reliance Infrastructure, through its SPVs, has executed a portfolio of infrastructure projects such as a metro rail project in Mumbai on a build, own, operate and transfer (BOOT) basis and road projects on a build, operate and transfer (BOT) basis. Reliance Infrastructure is also a leading utility company with having presence in power distribution.
Yahoo
5 days ago
- Business
- Yahoo
Nokia and blackned to create next-generation deployable tactical networks for the defense sector
Press ReleaseNokia and blackned to create next-generation deployable tactical networks for the defense sector Companies sign agreement to provide advanced, deployable mobile communication systems for military battlefield operation. Tailored for Germany's defense requirements, with adaptability for international use. Leverages Nokia's cutting-edge 5G technology and blackned's expertise in defense digitalization to enable high performance, scalability and strategic advantage. 28 May 2025Espoo, Finland – Nokia and blackned GmbH, in which the Düsseldorf-based technology group Rheinmetall holds a 51% stake, have entered into a memorandum of understanding to create advanced deployable tactical networks for the defense sector, the companies announced today. The partnership brings together Nokia's 5G technology and blackned's expertise in defense digitalization to develop high-performance, next-generation tactical communications solutions that provide secure and reliable connectivity for military operations in the field. Under the agreement, the companies will integrate their respective product and solution portfolios to design a unique, deployable communication system tailored to Germany's defense needs and adaptable for use in other countries. This collaboration will leverage Nokia's 5G tactical communications technology and blackned's software-based defense solutions, creating an ideally integrated platform for the Rheinmetall Battlesuite. Deployable tactical networks are cutting-edge, mobile solutions designed for quick deployment and extended reach. Built for various battlefield environments, these systems provide reliable, uninterrupted connectivity and high data rates for military teams supporting the Software Defined Defense paradigm. These deployable tactical networks enhance situational awareness, speed up decision making and improve asset co-ordination. 'blackned is dedicated to advancing innovation in defense digitalization, and our agreement with Nokia represents an important milestone in that mission. Together, we will provide powerful, flexible and future-ready tactical network solutions built for the realities of modern defense, said' Timo Zaiser, CTO at blackned GmbH. 'In a rapidly evolving tactical environment, speed, mobility and adaptability are paramount. Through the partnership with blackned, our 5G technology will empower defense forces to deploy robust communication capabilities swiftly and share intelligence more effectively, providing our customers with a decisive advantage on the battlefield,' added Giuseppe Targia, Head of Space and Defense at Nokia. Multimedia, technical information, and related newsWeb Page: Nokia Defense Web Page: Nokia 5GProduct Page: AirScale Radio AccessWeb Page: Rheinmetall DigitalizationWeb Page: Rheinmetall Connectivity About NokiaAt Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. About blacknedSince its foundation in 2009, blackned GmbH has specialised in the development of software-based defence solutions. With the tactical middleware RIDUX and the management system XONITOR, the company forms the core of an advanced architecture for the digitalisation of land forces. As the technical foundation of the Rheinmetall Battelsuite, the TACTICAL CORE digital ecosystem provides a future-proof and open framework for implementing digitalisation projects within NATO armed forces. blackned GmbH has been developing and realising customised, mission-critical communications solutions in the field of highly mobile, deployable networks for 15 years. With now six locations and over 200 employees worldwide, blackned is a leader in the industry. Since 2025, the Düsseldorf-based technology group Rheinmetall has been the majority shareholder of the company. The company's expertise and commitment enable the development of innovative solutions that meet the requirements of modern armed forces and drive digital transformation. Media inquiriesNokia Press OfficeEmail: Rheinmetall Head of Public RelationsOliver HoffmannE-mail: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India.com
25-05-2025
- Business
- India.com
Good news for Anil Ambani, Stocks of these 3 companies see MASSIVE spike, shares of Reliance Infra rose by...Reliance Power secured...
Anil Ambani (File) New Delhi: In a major development, the stock market on Friday witnessed a massive spike, which also led to a significant surge in blue-chip stocks. Amid this surge, Anil Ambani's companies also delivered impressive performances. Shares of three of Anil Ambani's companies also saw tremendous gains — Reliance Power surged by 16.48 percent, Reliance Home Finance rose by 10 percent, and Reliance Infrastructure gained 8 percent. It is important to note that this increase was recorded at market close but during intraday trading. The stock had jumped as much as 19 percent. However, the rise in shares of these three companies had different reasons. Reliance Home Finance Share The stock of Anil Ambani's company, Reliance Home Finance, closed at Rs 3.63 on Friday with a 10 percent upper circuit. The main reason behind this surge in the stock is the company's quarterly results—Reliance Home Finance has reported strong profits. The stock, which was at Rs 107 on 22nd September 2017, has now dropped to just Rs 3. Its market capitalization stands at Rs 175 crore. Compared to a loss of Rs 6.75 crore in the same quarter last year, Reliance Home Finance reported a net loss of Rs 0.69 crore in the fourth quarter. For FY25, the company posted a profit of Rs 24.17 crore, whereas in FY24, it had incurred a net loss of Rs 3.55 crore. The company is currently undergoing insolvency proceedings. Here are some of the key details: Life Insurance Corporation of India (LIC) holds a significant stake in Reliance Home Finance which was approximately 4.5% as of March 2025. LIC's presence is seen as a symbol of trust for investors. Reliance Power has secured a major order. Reliance Power made a preferential allotment of equity shares worth Rs 43.89 crore to two entities—Reliance Infrastructure Limited and Basera Home on May 20. The company has received a project worth approximately ₹2,000 crore as part of a joint venture with Bhutan. On Friday, its shares surged 16.48% to reach ₹51.94. Over the past six months, the stock has gained nearly 50%. Its 52-week high is Rs 53.64, while the 52-week low is Rs 23.30. During intraday trading on Friday, the shares rose by as much as 19 percent Stock Surge in Reliance Infra Too Reliance Defense entered into a strategic partnership in the ammunition sector on May 22. Reliance Defense is a company promoted by Reliance Infra, and Düsseldorf-based Rheinmetall AG. The decision marks the third major partnership for Reliance Defense. Previously, it had signed partnership deals with Dassault Aviation, the manufacturer of Rafale jets, and France's Thales Group. Following this news, shares of Reliance Infrastructure surged 8.50 percent, closing at Rs 307.50.
The Print
22-05-2025
- Business
- The Print
Reliance Defence ties up with German arms maker Rheinmetall AG to make explosives for export markets
'Reliance Infrastructure Limited promoted Reliance Defence Limited (Reliance Defence) and Düsseldorf-based Rheinmetall AG have agreed on a strategic partnership in the field of ammunition. An agreement to this effect has now been signed by the representatives of both companies,' it added. To support this collaboration, Reliance Defence Ltd will set up a greenfield manufacturing facility in the Watad Industrial Area of Ratnagiri, Maharashtra, according to a statement issued by the Reliance Group. New Delhi: The Anil Ambani-promoted Reliance Defence Limited (Reliance Defence) has tied up with Düsseldorf-based Rheinmetall AG—a company banned from doing business with the Indian defence ministry—to manufacture explosives and propellants for medium and large caliber ammunition for international customers. Incidentally, this marks the third major partnership for Reliance Defence, following its alliances with Dassault Aviation and the Thales Group of France. The Reliance Group said the collaboration will include supply of explosives and propellants for medium and large caliber ammunition to Rheinmetall by Reliance. 'Furthermore the two companies intend to engage in joint marketing activities for selected products and are aiming to further extend their cooperation based on future opportunities.' In 2012, the German company was blacklisted by the Indian defence ministry over allegations of corruption, and remains so till date. The ban was extended for three more years this year. Incidentally, state-run Munitions India Limited had sold close to 500 tons of explosives to the Germany company in 2023 and early 2024. The Reliance Group statement said that the proposed manufacturing facility, to be one of the largest in South Asia, will have an annual capacity to produce up to 200,000 artillery shells, 10,000 tons of explosives and 2,000 tons of propellants. This new facility will help Reliance Defence achieve its objective of being amongst top three defence exporters in the country, it added. 'The cooperation gives Rheinmetall further access to important raw materials and secures not only its supply chains, also in the interests of its customers, but also creates further growth opportunities.' Armin Papperger, CEO of Rheinmetall AG emphasised that 'this strategic partnership…illustrates our strong commitment to partner with India under the strong leadership of Prime Minister Modi'. On his part, Anil Ambani said, 'We are proud to partner with Rheinmetall AG, one of the world's most respected leaders in defence objective is clear—to position Reliance Defence among the top 3 defence exporters, enabling India to not only meet its domestic defence needs, but also emerge as a key player in the global defence supply chain. This project marks a major step in the Reliance Group's long-term strategy to invest in the fast-growing defence manufacturing sector.' With a market capitalisation of over €80 billion, Rheinmetall AG concluded the calendar year 2024 with an annual revenue of €9.8 billion, from operations spanning 171 global locations. (Edited by Gitanjali Das) Also Read: From unmanned naval systems to artillery guns, here are Adani Group's focus areas in defence sector
