Latest news with #HelmutRauch
Time of India
3 days ago
- Business
- Time of India
Reliance Power, Infra shares rally: What's driving the Anil Ambani-owned Reliance stock surge? Check details
Representative AI image NEW DELHI: Anil Ambani-led Reliance ADAG stocks, Reliance Power and Reliance Infrastructure have been on a strong upward trajectory, driven by a series of positive developments. On Wednesday, Reliance Power surged over 5% in morning trade, taking its monthly gains to over 70%. Reliance Infrastructure also gained 1% in early trade today and has jumped nearly 60% in the last month. Reliance Power hit a fresh 52-week high of Rs 67.68 on Tuesday, extending a month-long rally of 76% and a 173% gain over the past year. The rally in both stocks is being fueled by multiple triggers, project wins, favourable court orders, equity infusions, and a strong return to profitability. Reliance Power alone rose 45.5% in May and has added another 10% in the past week. What's driving the surge in Reliance Power and Infra stocks? Reliance Group stocks have seen a sharp rally, backed by strong quarterly results, major project wins, financial restructuring, and renewed investor confidence, as per reports. Reliance Power's strong Q4 turnaround: The company posted a consolidated profit of Rs 125.57 crore in Q4 FY25, reversing a loss of Rs 397.56 crore in the same period last year. This shift was driven by cost-cutting measures and fresh equity infusion from its promoter and investors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like local network access control Esseps Learn More Big project wins further lifted sentiment: On May 28, Reliance NU Energies, a Reliance Power unit, secured a 350 MW solar power and 175 MW/700 MWh battery storage project from PSU SJVN. Another subsidiary, Reliance NU Suntech, recently signed a 25-year PPA with SECI for Asia's largest solar-plus-storage project, with 930 MW of solar capacity and 465 MW/1,860 MWh of battery storage, with a planned investment of up to Rs 10,000 crore. Cross-border clean energy collaboration: Reliance Power has signed a commercial term sheet with Bhutan's Green Digital Pvt Ltd for a long-term power purchase agreement, marking a major milestone in cross-border clean energy collaboration. Green Digital is a subsidiary of Druk Holding and Investments Ltd (DHI), the investment arm of the Royal Government of Power also raised Rs 348 crore in May through preferential allotments, strengthening its balance sheet. Reliance Infrastructure: Reliance Defence, a subsidiary of Reliance Infrastructure, has announced on June 10 a strategic cooperation agreement with Germany's Diehl Defence to manufacture advanced artillery systems in India. The focus of the partnership will be on producing the Vulcano 155mm precision-guided munition system, an artillery shell known for its long-range and high accuracy. "Diehl Defence looks forward to strengthening the current relationship with Reliance in the context of TGM for the Indian Armed Forces," Helmut Rauch, CEO of Diehl Defence said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
3 days ago
- Business
- News18
ADAG Stocks On Fire: Reliance Power Soars 70%, Reliance Infra 60% In One Month; Know Why
Last Updated: Stocks of Anil Dhirubhai Ambani Group —Reliance Power and Reliance Infrastructure—are witnessing a surge; Key reasons and should you buy? Stocks of the Anil Dhirubhai Ambani Group (ADAG)—Reliance Power and Reliance Infrastructure—are witnessing a sharp surge. Reliance Power shares jumped over 5% in morning trade on Wednesday, extending their monthly gain to more than 70%. Meanwhile, Reliance Infrastructure rose 1% early today, taking its monthly gains close to 60%. Key Drivers Behind The ADAG Stock Rally The rally in Reliance Power and Reliance Infrastructure stocks has been fuelled by a series of positive developments. For Reliance Power, the turnaround in Q4 results played a pivotal role. The company reported a consolidated profit of ₹125.57 crore for Q4FY25, compared to a loss of ₹397.56 crore a year ago. Positive project wins also boosted sentiment. On May 28, SJVN Limited, a Navratna PSU, awarded Reliance NU Energies Private Limited—a Reliance Power subsidiary—a letter of award for a 350 MW solar power project and a 175 MW/700 MWh battery energy storage system (BESS) connected to the interstate transmission system (ISTS). Reliance Infrastructure, meanwhile, strengthened its position in the defence sector. Post-market hours on Tuesday, the company announced an expansion of its strategic partnership with Germany's Diehl Defence. Anil D. Ambani, founder and chairman of the Reliance Group, and Helmut Rauch, CEO of Diehl Defence, met to discuss specifics on guided and terminally guided munitions as part of a long-standing agreement signed in 2019. What's driving investor interest? 'The Reliance Infrastructure–Diehl Defence venture marks a significant entry into India's growing defence sector, reinforcing the group's long-term growth prospects." For Reliance Power, the turnaround story has gained momentum. The company's 25-year solar and battery storage PPA with Bhutan's Druk Green Power—Asia's largest such project—along with a Q4 FY25 pre-tax profit of ₹67.15 crore (compared to a pre-tax loss of ₹461.35 crore in Q4 FY24) have improved its outlook. Reliance Power's debt-to-equity ratio has dropped to 0.88:1 in FY25, down from 1.61:1 in FY24, marking one of the best in the sector. Debt reduction has also been a key focus. Reliance Infrastructure has nearly eliminated its standalone net debt, while Reliance Power has strengthened its balance sheet through preferential allotments. The recent NCLAT stay on insolvency proceedings against Reliance Power and the resolution of Reliance Capital's insolvency through a ₹9,650 crore acquisition by IndusInd International Holdings Ltd have lifted key legal overhangs, further fueling investor optimism. 'These factors have created the perfect backdrop for a re-rating of ADAG group stocks," Srivastava added. 'The market is re-evaluating these companies as turnaround stories with strong potential, rather than distressed assets." Overall, improved earnings, strategic wins, reduced debt, and legal relief have paved the way for a strong revival, making the ADAG group stocks an attractive opportunity for investors betting on long-term growth.
Economic Times
3 days ago
- Business
- Economic Times
Reliance Infra shares in focus after unit expands munitions tie-up with Germany's Diehl Defence
Live Events Rs 10,000 crore opportunity (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Reliance Infrastructure will be in focus on Wednesday after its subsidiary, Reliance Defence, and Germany's Diehl Defence announced an expansion of their strategic partnership to supply precision-guided munitions to the Indian Armed two companies signed a strategic cooperation agreement on 10 June to locally produce the Vulcano 155mm precision-guided munition system—an advanced artillery shell designed for high-accuracy, long-range agreement marks a significant step in India's push to reduce reliance on defence imports and strengthen its domestic manufacturing capabilities. The Vulcano 155mm uses laser and GPS guidance to deliver pinpoint accuracy, making it a valuable asset for modern the agreement, Reliance Defence will act as the prime contractor, while Diehl Defence will provide core technology and system-level expertise. Manufacturing will take place at a new greenfield facility in the Watad Industrial Area in Ratnagiri, Maharashtra, as part of the Dhirubhai Ambani Defence City (DADC).Reliance Defence estimates that the partnership could generate up to Rs 10,000 crore in revenue, driven by growing demand for advanced ammunition and the localisation of critical defence technologies. The company plans to achieve over 50% indigenous value addition, in line with the government's defence indigenisation also supports India's broader goal of reaching Rs 50,000 crore in defence exports by Defence, based in Überlingen, Germany, is a global player in advanced defence systems, including guided missiles, air defence, and ammunition. The company employs about 4,500 people and generates annual revenues of over €2 billion.'We look forward to strengthening our relationship with Reliance Group in the context of TGM for the Indian Armed Forces,' said Helmut Rauch, CEO of Diehl marks Reliance Group's fourth major international defence partnership, following previous collaborations with Dassault Aviation, Thales Group, and Rheinmetall.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
3 days ago
- Business
- Time of India
Reliance Infra shares in focus after unit expands munitions tie-up with Germany's Diehl Defence
Reliance Infra share news , Reliance Defence Diehl partnership , Indian Army , defence manufacturing Ratnagiri , Reliance Diehl Defence deal , Reliance defence sector news , Defence stocks Shares of Reliance Infrastructure will be in focus on Wednesday after its subsidiary, Reliance Defence, and Germany's Diehl Defence announced an expansion of their strategic partnership to supply precision-guided munitions to the Indian Armed Forces. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The two companies signed a strategic cooperation agreement on 10 June to locally produce the Vulcano 155mm precision-guided munition system—an advanced artillery shell designed for high-accuracy, long-range strikes. The agreement marks a significant step in India's push to reduce reliance on defence imports and strengthen its domestic manufacturing capabilities. The Vulcano 155mm uses laser and GPS guidance to deliver pinpoint accuracy, making it a valuable asset for modern warfare. Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside Live Events Under the agreement, Reliance Defence will act as the prime contractor, while Diehl Defence will provide core technology and system-level expertise. Manufacturing will take place at a new greenfield facility in the Watad Industrial Area in Ratnagiri, Maharashtra, as part of the Dhirubhai Ambani Defence City (DADC). Rs 10,000 crore opportunity Reliance Defence estimates that the partnership could generate up to Rs 10,000 crore in revenue, driven by growing demand for advanced ammunition and the localisation of critical defence technologies. The company plans to achieve over 50% indigenous value addition, in line with the government's defence indigenisation targets. This also supports India's broader goal of reaching Rs 50,000 crore in defence exports by 2029. Also Read: JSW Steel, Aurobindo Pharma among 6 large & midcap firms with promoter pledge decline in Q4 Diehl Defence, based in Überlingen, Germany, is a global player in advanced defence systems, including guided missiles, air defence, and ammunition. The company employs about 4,500 people and generates annual revenues of over €2 billion. 'We look forward to strengthening our relationship with Reliance Group in the context of TGM for the Indian Armed Forces,' said Helmut Rauch, CEO of Diehl Defence. This marks Reliance Group's fourth major international defence partnership, following previous collaborations with Dassault Aviation, Thales Group, and Rheinmetall. Also Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India.com
4 days ago
- Business
- India.com
Anil Ambani aims high as Reliance Infrastructure signs 10,000 crore pact with Germany company, plans to manufacture...
Anil Ambani (File) In a significant milestone for Anil Ambani's Reliance Infrastructure, Reliance Infrastructure Limited promoted Reliance Defence Limited (Reliance Defence) has announced a landmark deal for India's defence infrastructure development. In the recent development, the Anil Ambani led company signed a deal with Germany's, Diehl Defence for the production of next-generation Terminally Guided Munitions (TGM). Here are all the details you need to know about the recent step from Anil Ambani. As per the press release issued by the company, Reliance Defence and Diehl Defence will be doing local production of state-of-the-art, Vulcano 155 mm Precision Guided Munition system, which would cater to needs of the Indian Armed Forces. Vulcano 155 mm Precision Guided Munition system The release also said that the advanced munition system will incorporate state-of- the-art, laser and GPS-guided targeting technology, enhancing precision striking capability, while ensuring high- impact accuracy for designated targets. Major boost for Indian armed forces The manufacturing facility will contribute significantly to meeting the operational needs of the Indian armed forces, while supporting the country's ambitious defence export target of Rs. 50,000 crores by 2029. Helmut Rauch, CEO, Diehl Defence said, 'Diehl Defence looks forward to strengthen the current relationship with Reliance Group in the context of TGM for the Indian Armed Forces.' Anil D. Ambani, Founder Chairman, Reliance Group said, 'We are honoured to partner with Diehl Defence, a globally recognized leader in guided munition technology. This strategic alliance not only accelerates the advancement of India's defence manufacturing capabilities, but also positions Reliance Defence as a pivotal player in the global defence supply chain. This collaboration is a testament to our commitment to operational excellence and innovation, aligning seamlessly with the Prime Minister's vision of Make in India and Atmanirbhar Bharat initiative. It exemplifies our resolve to catalyse sustainable growth, foster technological sovereignty, and position India as a formidable leader in international defence arena.' About Reliance Group: Reliance Group has two prominent companies under its umbrella, Reliance Infrastructure Limited and Reliance Power Limited, are debt-free with zero outstanding loans from banks or financial institutions.
