Latest news with #RheinmetallWaffeMunitionGmbH
Business Standard
7 hours ago
- Business
- Business Standard
Reliance Defence secures export order of Rs 600 cr
From Rheinmetall Waffe Munition GmbH Reliance Infrastructure promoted, Reliance Defence, today announced securing of a significant export order worth Rs 600 crore from Rheinmetall Waffe Munition GmbH, a leading German defence and ammunitions manufacturer. Reliance Defence's export order is one of the largest in the high-tech ammunition domain to date. This underscores the strength of its recently announced strategic partnership with Rheinmetall. The order represents a key milestone in Reliance Defence's strategy to strengthen its position as a reliable partner in the global defence and munition supply chain, with a particular focus on Europe. The collaboration highlights the mutual commitment of both parties to long-term cooperation, and to advancing the 'Atmanirbhar Bharat' and 'Make in India' initiatives by strengthening indigenous defence manufacturing capabilities. Reliance Defence aims to be amongst top three Defence exporters in the country.
Mint
9 hours ago
- Business
- Mint
Reliance Infrastructure share price hits upper circuit as subsidiary defence company inks ₹600 crore deal
Anil Ambani-run Reliance Infrastructure's share price hit its upper circuit on Wednesday, 25 June 2025, after a subsidiary named Reliance Defence secured an export contract worth ₹ 600 crore from a German defence and ammunitions manufacturer, according to an exchange filing. Rheinmetall Waffe Munition GmbH, a German defence and ammunition manufacturer that awarded the high-tech ammunition export contract to the Reliance Infrastructure subsidiary firm. 'Reliance Infrastructure Limited promoted Reliance Defence Limited, today announced securing of a significant export order worth INR 600 crore from Rheinmetall Waffe Munition GmbH, a leading German defence and ammunitions manufacturer,' said the company in the BSE filing. This deal aims to position Reliance Defence as a reliable partner in the defence and ammunition manufacturing supply chain for the European market. 'The strategic partnership with Rheinmetall brings cutting-edge capabilities to India and represents a defining milestone for the country's private defence manufacturing sector,' said Anil Ambani in the official statement. Reliance Infrastructure shares closed at the upper circuit on Wednesday, 25 June 2025, after gaining 4.99% to hit the intraday high of ₹ 404.05, compared to ₹ 384.85 at the previous market close. The shares hit their upper circuit in Wednesday's stock market afternoon session as the company announced the order book update at 2:46 p.m. (IST). The Anil Ambani-owned company's shares have given stock market investors more than 1,049% return on their investment in the last five years, and over 93% in the last one-year period. On a year-to-date (YTD) basis, the shares have gained 26.58% in 2025, and are trading 37.71% higher in the last one-month period in the Indian stock market. Reliance Infrastructure shares hit their 52-week high levels at ₹ 421 on 11 June 2025, while the 52-week low levels were at ₹ 169.75 on 23 July 2024, according to BSE data. The company's market capitalisation (M-Cap) stood at ₹ 16,005.68 crore as of the stock market close on Wednesday, 25 June 2025. Read all stories by Anubhav Mukherjee
The Hindu
10 hours ago
- Business
- The Hindu
Reliance Defence bags ₹600-crore order from Germany's Rheinmetall Waffe Munition
Anil Ambani's Reliance Defence on Wednesday (June 25, 2025) said it has secured an export order worth ₹600 crore from Rheinmetall Waffe Munition GmbH, a leading German defence and ammunition manufacturer. The export order is one of the largest in the high-tech ammunition domain to date, a company statement said. The order represents a key milestone in Reliance Defence's strategy to strengthen its position as a reliable partner in the global defence and ammunition supply chain, with a particular focus on Europe, it said. The collaboration highlights the mutual commitment of both parties to long-term cooperation, and to advancing the 'Atmanirbhar Bharat' and 'Make in India' initiatives by strengthening indigenous defence manufacturing capabilities. Reliance Defence aims to be amongst top three defence exporters in the country, it said. "This strategic our strong commitment to partner with India under the strong leadership of Prime Minister Modi," said Armin Papperger, CEO of Rheinmetall AG. Anil Ambani, Founder Chairman, Reliance Group said the partnership brings cutting-edge capabilities to India and represents a defining milestone for the country's private defence manufacturing sector. Reliance Defence will establish an integrated facility for the manufacturing of explosives, ammunition, and small arms under the ambitious Dhirubhai Ambani Defence City (DADC) initiative, it stated. DADC is being developed in the Watad industrial area of Ratnagiri, Maharashtra, and is set to become the largest greenfield project in the defence sector ever undertaken by any private company in India. It will serve as a cornerstone for future innovation, advanced production, and export-oriented growth in the defence sector.
