Latest news with #RelianceDefence
India.com
13-07-2025
- Business
- India.com
Anil Ambani unveils masterplan to rule the skies, to invest Rs 100000000000 for development of...
Anil Ambani (File) In yet another significant business move, Anil Ambani-led Reliance Defence has announced a Rs 10,000 crore investment in the aerospace manufacturing sector to fund its ambitious project of launching the first 'Made in India' commercial aircraft by 2028. The Reliance Group company has partnered with French aerospace giant Dassault Aviation to manufacture the Falcon 2000 LXS Business Executive Jets in India for the global market. This will mark the first instance when Dassault will build the Falcon 2000 jets outside France What is the Reliance-Dassault deal? According to official details, Reliance Defence, a subsidiary of Anil Ambani-led Reliance Infrastructure, has partnered with Dassault Aviation to manufacture the Falcon 2000 LXS Business Executive Jets in India for the global market. Anil Ambani-led Reliance Aerostructure and Dassault Aviation launched DRAL as a joint venture in 2017, and established a state-of-the-art manufacturing facility in Mihan, Nagpur, marking the start of operations. Since 2017, DRAL has constructed more than 100 key subsections for the Falcon 2000 since delivering its first Falcon 2000 front section in 2019, demonstrating its superior precision manufacturing skills and contributing significantly to the Falcon global production program. As per an official release, DRAL is expected to recruit several hundred engineers and technicians over the next decade to support its expanding operations. 'This growth underscores Dassault Aviation's deep commitment to strengthening India's aerospace manufacturing ecosystem and advancing the nation's emergence as a global center of excellence for high-precision aviation production.' How Anil Ambani plans to make India an aerospace manufacturing hub? Dassault Aviation– primarily known for its Rafale fighter jets which are operated by the Indian Air Force (IAF)– termed the agreement with Reliance Aerostructure Limited (RAL), another subsidiary of Anil Ambani's Reliance Infrastructure Ltd, as an 'epic moment' for India, who will join an elite club of countries that manufacture next-generation business jets, including the United States, France, Canada and Brazil. According to experts, the Reliance-Dassault deal would established India as a major player in the global aerospace manufacturing industry. In a statement, Reliance Defence MD and CEO Rajesh Dhingra said the company aims to transform India into a major aerospace manufacturing hub in the next five years. Commenting on the deal, Anil Ambani asserted that the collaboration reflects the Reliance Group's commitment 'to Prime Minister Shri Narendra Modi's vision of 'Atmanirbhar Bharat (Self Reliant India)' and 'Make in India for the World'.' 'Our partnership with Dassault Aviation for manufacturing of Falcon Business Jets in India is a defining moment for the country, Aviation Industry and the Reliance Group. This will help position India as a key force in the global aerospace value chain,' the Reliance Group Chairman said.
India.com
12-07-2025
- Business
- India.com
Anil Ambani beats Mukesh Ambani, to invest Rs 100000000000 in development of..., to see results in...
Mukesh Ambani and Anil Ambani (File) In a significant move by Anil Ambani aimed at providing a major boost to aerospace manufacturing in India, Reliance Defence has announced a Rs 10,000 crore investment in the sector to fund its ambitious project of launching the first 'Made in India' commercial aircraft by 2028. How Anil Ambani plans to raise funds? According to details, Reliance Defence, a subsidiary of Anil Ambani-led Reliance Infrastructure, has partnered with French aerospace giant Dassault Aviation to manufacture the Falcon 2000 LXS Business Executive Jets in India for the global market. A portion of the investment will be raised by Reliance Infra, the parent company of Reliance Defence, which is planning to raise about Rs 17,600 crore through equity shares, institutional placement and foreign currency bonds, in addition to funneling capital funds from the monetization of nine road projects. In a statement, Reliance Defence MD and CEO Rajesh Dhingra said the company aims to transform India into a major aerospace manufacturing hub in the next five years. Why DRAL Nagpur will play a key role? As per an official release, Dassault Aviation– primarily known for its Rafale fighter jets which are operated by the Indian Air Force (IAF)– termed the agreement with Reliance Aerostructure Limited (RAL), a subsidiary of Anil Ambani's Reliance Infrastructure Ltd, as an 'epic moment' for India, who now joins an elite club of countries manufacturing next-generation business jets after the United States, France, Canada and Brazil. This will be the first instance when Dassault will build the Falcon 2000 jets outside France. The company said that its Dassault Reliance Aerospace Limited (DRAL) at Mihan in Nagpur, Maharashtra, will be the Centre of Excellence (CoE) outside of France for Dassault Aviation's Falcon series, including the Falcon 6X and Falcon 8X programs. The first flight of the 'Made in India' Falcon 2000 is expected to take place from the DRAL Facility by 2028, it said. Dassault to transfer Falcon 2000 assembly to DRAL According to the agreement, Dassault will also transfer the assembly of the front section of Falcon 8X and Falcon 6X, in addition to the wings and complete fuselage assembly of the Falcon 2000 to DRAL. 'This new agreement, which will make DRAL the first centre of excellence for Falcon assembly outside France and which will eventually enable the establishment of a final assembly line for the Falcon 2000, illustrates, once again, our firm intent to meet our 'Make in India' commitments, and to contribute to the recognition of India as a major partner in the global aerospace supply chain. It marks the ramp-up of DRAL, in line with the strategic vision shared with our partner Reliance, which led to its creation in 2017 and is a testament to our unwavering belief in our future in India and serving India,' said Eric Trappier, Chairman and CEO, Dassault Aviation. The release termed the deal as a 'landmark initiative', which will see India emerge as a strategic center for high-end business jet manufacturing, underscoring the nation's growing prominence in the global aerospace ecosystem. 'The new final assembly line will cater to rising demand in India and other international markets,' it added. What is the Dassault-Reliance deal? Anil Ambani-led Reliance Aerostructure and Dassault Aviation launched DRAL as a joint venture in 2017, and established a state-of-the-art manufacturing facility in Mihan, Nagpur, marking the start of operations. Since 2017, DRAL has constructed more than 100 key subsections for the Falcon 2000 since delivering its first Falcon 2000 front section in 2019, demonstrating its superior precision manufacturing skills and contributing significantly to the Falcon global production program. As per the release, DRAL is expected to recruit several hundred engineers and technicians over the next decade to support its expanding operations. 'This growth underscores Dassault Aviation's deep commitment to strengthening India's aerospace manufacturing ecosystem and advancing the nation's emergence as a global center of excellence for high-precision aviation production.'
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Business Standard
11-07-2025
- Business
- Business Standard
Reliance Defence plans ₹10,000-cr aerospace push, eyes 2028 jet launch
Anil Ambani-led Reliance Defence Ltd is making a major push into the aerospace sector with a ₹10,000-crore investment planned over the next decade. The company aims to manufacture India's first homegrown commercial aircraft by 2028, Mint reported. Reliance Defence, which handles the aviation and munitions business of Reliance Infrastructure Ltd, will partly fund the investment through capital raised by Reliance Infra. The parent company plans to secure ₹17,600 crore via preferential share placements, sales to institutional investors, and foreign currency bonds. It also hopes to monetise nine of its road projects, the news report said. 'That's the kind of roadmap we have ahead of us to be a global player. So five years from today, I think we would be in a position where we would be an integral part of the global aerospace domain,' said Rajesh Dhingra, MD and CEO of Reliance Defence, in an interview with Mint. 'Made in India' falcon jets Reliance Aerostructure Ltd, a subsidiary of Reliance Defence, is assembling Dassault Aviation's Falcon 2000 jets in Nagpur through a joint venture — Dassault Reliance Aerospace Ltd (DRAL). The venture, with a 51.49 ownership split, marks the first time Dassault is manufacturing aircraft outside France. As part of the agreement, the existing joint venture between the partners — Dassault Reliance Aerospace Ltd (DRAL) — will set up a cutting-edge final assembly line for the Falcon 2000 aircraft at MIHAN in Nagpur, Maharashtra. In addition, DRAL will be upgraded to function as a global Centre of Excellence (CoE) for all Falcon models, including the ultra-long-range Falcon 6X and the three-engine Falcon 8X. In a joint statement, the companies said, 'Dassault Aviation will manufacture Falcon 2000 jets outside of France for the first time in its storied history. This pioneering initiative will see India emerge as a strategic centre for high-end business jet manufacturing'. Strategic global partnerships Reliance Defence is also working with French avionics giant Thales SA in another joint venture — Thales Reliance Defence Systems. The venture supports Thales in upgrading aircraft like the Mirage 2000 and in setting up logistics hubs for Rafale bases, the news report said. With defence production expected to rise to ₹3 trillion by 2028-29, Indian firms like Tata, Mahindra, and Bharat Forge are also investing in aerospace. Though Reliance Defence has yet to win Indian defence contracts, it is working with HAL and Genesis Aerosystems to upgrade Dornier aircraft. After upgrading 37 planes, it has orders for 18 more and expects further contracts covering over 800 legacy defence aircraft and helicopters.
Mint
11-07-2025
- Business
- Mint
Anil Ambani's Reliance Infra sets eyes on global aerospace with a ₹10,000-cr purse and India's first commercial aircraft
Anil Ambani's Reliance Defence Ltd plans to invest ₹10,000 crore in the aerospace business over the next decade, even as it prepares for India's first locally made commercial aircraft to take to the skies in about three years. Reliance Defence houses the aviation and munitions business of Reliance Infrastructure Ltd, a listed company. Part of its investment would be funded by Reliance Infra raising capital through preferential placement of shares, sale of shares to institutional buyers, and placement of foreign currency bonds—adding up to ₹17,600 crore. Reliance Infra also hopes to monetize nine road projects in its overall portfolio. 'That's the kind of roadmap we have ahead of us to be a global player. So five years from today, I think we would be in a position where we would be an integral part of the global aerospace domain," said said Rajesh Dhingra, managing director and chief executive of Reliance Defence, in an exclusive interview with Mint. He also said a 'Made in India' Falcon 2000 commercial jet is expected to fly by 2028. Reliance Aerostructure Ltd, a unit of Reliance Defence, is assembling French company Dassault Aviation SA's Falcon 2000 series jets in Nagpur as part of a 51:49 joint venture called Dassault Reliance Aerospace Ltd (DRAL). The jets will be the first Dassault aircraft to be made outside France. 'Dassault's approval for making its aircraft in India is a recognition of the capabilities and contribution of Reliance Defence," said Dhingra. 'It will also mark a proud moment for India as it will be among the few countries in the world to have the capabilities to manufacture a commercial aircraft." The aircraft will be put together from two new hangars that are being built, said Dhingra. This will double DRAL's manufacturing footprint to 400,000 and allow it to assemble 22 aircraft every year. Currently, the company is working on the most difficult sub assembly of the aircraft —the wheels—in addition to several other large and small components it assembles for both Falcon 2000 commercial jets and Dassault Rafale fighter jets. Reliance Infra's turnaround Reliance Group's increasing focus on the aerospace business coincides with Anil Ambani-led companies finding favour with investors. Reliance Infrastructure shares have surged by nearly 87% over the past 12 months. The company swung to a consolidated profit after tax of ₹9,177 crore in 2024-25 from a loss of ₹1,609 crore in FY24, although this was aided by a one-time exceptional income. It has also significantly reduced debt, giving it leeway to invest in new businesses such as defence and aviation. Reliance Infrastructure's association with Dassault began in 2017 after the Indian government placed an order to buy Rafale fighter jets for the Indian Air Force. Dassault was expected to localise some of its manufacturing operation in India as part of the deal, resulting in the joint venture with Reliance Aerostructure. Another joint venture, Thales Reliance Defence Systems, with French avionics company Thales SA, was also formed to make more aerospace parts in India. Thales holds a 51% stake in the venture. Reliance Defence sees itself eventually becoming a systems integrator in the aviation business on the lines of US-based Boeing Co. and Lockheed Martin Corp. and the Netherlands-headquartered Airbus SE, said Dhingra. Although all that Reliance Defence produces currently is exported to Dassault or Thales, Dhingra expects to engage further with the French companies to grow the business. The scope of the joint venture with Thales has been expanded to include establishing a logistics hub for the French company in the main air bases where the Rafales jets are housed. The joint venture is also helping Thales in upgrading systems in other fighter planes like Dassault Mirage 2000. Dhingra is confident of Reliance Defence doing more business with Dassault beyond the Falcon series given the growing association between the companies as more Indian personnel from the Dassault Reliance Aerospace joint venture are being deputed to work in France. 'What is key here is that our operations in the joint ventures are not India-specific, and to that extent the components that we make here are already finding their way into Dassault's aircraft sold around the world," he said. A push for 'Make in India' Industry experts see Dassault Reliance Aerospace's success paving the way for more global companies to outsource aerospace manufacturing and services to India as they look to diversify away from China. 'If successfully implemented, this initiative could establish India as a reputable aerospace centre, serving not only domestic markets but also participating in global supply chains," said Monish G. Chatrath, managing partner, MGC Global Risk Advisory. 'China has a market-access-driven model and India provides a more open and intellectual property-respecting ecosystem, establishing itself as a reliable foundation for long-term aerospace collaboration," he added. India's defence production is projected to double from ₹1.27 trillion in 2023-24 to ₹3 trillion by 2028-29, according to statistics released by the government. The increase in India's defence budget from ₹2.53 trillion in 2013-14 to ₹6.81 trillion in 2025-26 also underlines the growing opportunity in the sector. Rising demand in domestic and international defence and aerospace markets has attracted several Indian private companies to invest in the space. Apart from Reliance Defence, Pune-based Bharat Forge Ltd, the Tata Group and Mahindra Group have also outlined similar plans. Tata Group companies have invested in aerospace manufacturing and artillery while Bharat Forge has secured orders for its artillery from the Indian Army. Both Tata Advanced Systems Ltd and Bharat Forge have won orders from India's defence ministry for artillery guns and gun-towing systems. Although Reliance Defence has not won any orders from the Indian government or the Air Force, it expects to eventually play a bigger role in the domestic industry, focusing on aerospace and artillery, Dhingra said. The company has taken early steps in that direction by tying up with state-owned Hindustan Aeronautics Ltd to upgrade Germany-based Dornier Group GmbH's aircraft. Although Reliance Defence has tied up with US-based Genesis Aerosystems to carry out the job, Dhingra said it was rare for a company that's not an original equipment manufacturer to be tasked with the upgradation of an aircraft. After the first phase in which 37 Dornier aircraft were upgraded, Reliance Defence has received an order for upgrading another 18 aircraft. With a total 250 Dorniers in service, Reliance Defence is expecting orders for upgrading another 50-60 aircraft this year. Dhingra is also expecting upgradation orders from India's defence fleet of over 800 legacy aircraft and helicopters.
India.com
01-07-2025
- Automotive
- India.com
Another BIG move by Anil Ambani, ties up with…, taps India's Rs 200000000000…
Home Business Another BIG move by Anil Ambani, ties up with…, taps India's Rs 200000000000… Another BIG move by Anil Ambani, ties up with…, taps India's Rs 200000000000… After getting rid of debt for his many companies, now Anil Ambani is entering into big partnerships. Reliance Defence Limited, a subsidiary of Reliance Infrastructure Limited, announced on Monday that it has entered into a partnership with Coastal Mechanics Inc to collaboratively tap into India's defence maintenance, repair, overhaul (MRO), and upgrade market, valued at Rs 20,000 crore. Coastal Mechanics is a US Department of Defense authorised contractor. Reliance Infra On New Partnership Reliance Infrastructure in a statement said the partnership will focus on providing end-to-end MRO, upgrade, and lifecycle support solutions for the Indian armed forces, targeting a wide range of critical platforms such as 100+ Jaguar fighter aircrafts, 100+ MiG-29 fighter aircrafts, the fleet of Apache attack helicopters, L-70 air defence guns, and other legacy systems that require long-term sustainment and modernisation. The segment represents a high-value, long-duration opportunity driven by the Indian military's strategic shift from asset replacement to lifecycle extension and performance-based logistics, it added. Reliance Defence And Coastal Mechanics JV According to the statement, Reliance Defence and Coastal Mechanics will also set up a joint venture (JV) at MIHAN in Maharashtra to serve both the Indian market and export markets. This JV will provide complete MRO and upgrade services for various air and land defence platforms used by the armed forces, the statement added. Coastal Mechanics supplies critical components to the US Air Force and US Army. Formed in 1975, Coastal Mechanics Company is already a longtime active vendor supporting armament and defense obsolescence issues through the US Army/USAF FMS cases. (With Inputs From PTI) For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on
