Latest news with #RelianceDefence
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
18 hours ago
- Business
- Business Standard
Reliance Infrastructure targets Rs 3,000 crore defence exports in 2 years
In the current year itself, the company is estimated to export Rs 1,500 crore of large calibre ammunition Press Trust of India New Delhi Reliance Infrastructure Ltd, the flagship company of Anil Ambani's Reliance Group, 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 clocked exports of up to Rs 100 crore of artillery ammunition and aggregates and 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. According to the experts, the market size for restocking is estimated at Rs 4,00,000 crore. Sources said Reliance has been able to make inroads in the highly competitive markets of the European Union and South East Asia. When contacted, a Reliance Infrastructure spokesperson confirmed that 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. 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 Dsseldorf-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. In order to support this collaboration, Reliance Defence will set up a greenfield manufacturing facility in Ratnagiri, Maharashtra. The manufacturing facility 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 the top three defence exporters in the country. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
18 hours ago
- Business
- Time of India
Reliance Infra targets Rs 3,000 cr defence exports in 2 yrs
Reliance Infrastructure Ltd , the flagship company of Anil Ambani's Reliance Group, 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 clocked exports of up to Rs 100 crore of artillery ammunition and aggregates and is aiming to be among the top three exporters of defence equipment in India, sources aware of the matter said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo The key export market for Reliance includes countries in the European Union, focusing on large restocking demand for artillery ammunition. According to the experts, the market size for restocking is estimated at Rs 4,00,000 crore. Live Events Sources said Reliance has been able to make inroads in the highly competitive markets of the European Union and South East Asia. When contacted, a Reliance Infrastructure spokesperson confirmed that 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. 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 Dusseldorf-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. In order to support this collaboration, Reliance Defence will set up a greenfield manufacturing facility in Ratnagiri, Maharashtra. The manufacturing facility 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 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.
Mint
4 days ago
- Business
- Mint
G20 Sherpa Amitabh Kant calls for more Indian foundational AI models
India must build more foundational artificial intelligence (AI) models as these are likely to solve multifaceted issues, according to the country's G20 sherpa Amitabh Kant. India's linguistic diversity is likely to play a major role in solving global issues in the sector, Kant said at the CII Annual Business Summit 2025 in New Delhi. 'What we did in digital public infrastructure is that we used open source, open API, globally interoperable models and those models will be the way forward for us. Therefore, India must build its foundational model," said Kant at the summit. Also read: Govt relaxes rules to boost GST registration among small businesses 'I believe India will provide these foundational models for many areas which have challenges for the world. How to improve learning outcomes, health outcomes and nutritional standards, etc. India will use its 22 languages and thousands of dialects to find solutions to many of the challenges of the world. Indian startups will do some pathbreaking work in this area," he added. He also said the central government had laid a foundation to boost business-led growth and called for states to implement reforms for the ease of doing business. Also read: Northeast secures ₹4.3 trillion investment proposals at MDoNER Summit Kant also stressed that alternative dispute resolution methods such as arbitration and mediation, which are swifter forms of delivery of justice, need to be used widely, as they increase the ease of doing business. Kant also stressed that quality control orders (QCOs) must be used rationally to ensure Indian industry can grow. Reducing QCOs can potentially reduce compliance costs, strengthen supply chains and remove bureaucratic hurdles, as these certifications require businesses to go through additional procedures between manufacturing and selling their products. The ease of doing business is a critical facet of the economy, as it acts as a reference for foreign and domestic investment. The World Bank's now-discontinued Doing Business Report considered multiple factors for countries and measured the ease in securing land, tax compliance, as well as enforcement of contracts, among other things, to map the ease of doing business in an economy. India's rank in the annual Doing Business report improved to 77 in 2019, compared to 100 in the previous year. Also read: Anil Ambani's Reliance Defence in pact to supply artillery shells to German firm Kant also stated that the Indian tourism industry could be a potential driver for growth, as it can act as India's soft power. 'We need to roll out a massive Incredible India campaign to attract tourism in a big way. This is India's soft power. It has a huge multiplier effect in terms of jobs and can create millions of jobs. States must drive the tourism sector as the driver of growth," he said.
