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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
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
5 days ago
- Business
- Mint
Reliance Infra, Va Tech Wabag among 18 micro-cap stocks that surged up to 24% in a week amid stock market volatility
Microcap stocks in focus: Shares of Va Tech Wabag, Reliance Infrastructure, Refex Industries, Gopal Snacks, Prince Pipes & Fittings, Subros, and Neogen Chemicals are among 18 micro-cap stocks that defied market volatility to deliver double-digit gains over the past week. Despite the back-and-forth movement in frontline indices amid global headwinds—including rising trade tensions, US fiscal concerns, and higher bond yields—as well as positive domestic tailwinds such as reports of India becoming the fourth-largest economy, the RBI's bumper dividend, and a steady rise in the rupee, several often-overlooked micro-cap stocks have managed to shine amid ongoing market volatility. These stocks span sectors such as pharma, FMCG, industrials, utilities, chemicals & petrochemicals, and fertilisers. Some counters witnessed a spike in demand following the release of their March quarter results, while others rallied on the back of recent order wins and value buying at lower levels. The Nifty Microcap 250 index rose 2.33% over the past week and 9% over the past month, outperforming the Nifty 50, which gained 0.30% and 3% during the same periods. Shilpa Medicare's stock surged 24.3% over the past week, pushing its May gains to 36%, the highest monthly rise since February 2020. The rally is driven by multiple positive developments, including its subsidiary Shilpa Pharma Lifesciences receiving an EIR from the USFDA and its biologics arm obtaining European GMP certification for its Dharwad facility, with zero inspection observations. Dishman Carbogen Amcis is another stock from the pharma pack that maintained a steady upward trajectory, gaining 22.2% in a week. Enviro Infra Engineers' shares also jumped 20%, while those of Prince Pipes & Fittings, Sequent Scientific, Gopal Snacks, and Refex Industries delivered returns of up to 14%. Stock Name Returns in last one week Shilpa Medicare 24% Dishman Carbogen Amics 22.2% Enviro Infra Engineers 20% Prince Pipes & Fittings 17.3% Sequent Scientific 15.8% Gopal Snacks 14.4% Refex Industries 13.8% Va Tech Wabag 12.9% Subros 12% Venus Pipes & Tubes 11.9% Reliance Infrastructure 11.7% ITD Cementation India 11.4% ISGEC Heavy Engineering 10.8% Kaveri Seed Company 10.3% Neogen Chemicals 10.1% Transrail Lighting 10.1% India Glycols 10% Lloyds Enterprises 10% Source: Trendlyne On the back of steady order wins, coupled with a healthy performance in the March quarter, Va Tech Wabag's share price jumped 13% in a week. The Indian water treatment company has secured new orders worth roughly ₹ 57 billion this year, increasing its order book to around ₹ 137 billion, including framework agreements. Likewise, Reliance Infrastructure's share price also surged 12%. The company-promoted Reliance Defence and Düsseldorf-based Rheinmetall AG entered into a strategic partnership in the field of ammunition on May 22. This marks the third major partnership for Reliance Defence, following its successful strategic alliances with Dassault Aviation and the Thales Group of France, the company said in its May 23 press release. Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the market is likely to consolidate around current levels in the near term. With mutual funds holding sizeable cash reserves, any dip is expected to be bought into, while high valuations may lead to selling on rallies. He noted that a sustained rally will only occur once leading indicators point to a revival in earnings growth, which may take some time. Vijayakumar also highlighted a slow accumulation in rate-sensitive sectors like autos, driven by expectations of further rate cuts amid declining inflation. Additionally, he pointed out that investors are now staying invested through SIPs for longer periods than before, which is expected to provide underlying support to the market. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
