5 days ago
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.
