Latest news with #Vulcano155mm
India Today
a day ago
- Business
- India Today
Reliance ties up with Germany's Diehl to produce next-gen ammunitions
In a significant push towards defence indigenisation, Reliance Defence has partnered with Germany's Diehl Defence to locally manufacture the cutting-edge Vulcano 155mm precision-guided munition system. The agreement marks a critical stride in India's ambition to reduce reliance on foreign military imports and strengthen its domestic defence production on June 10, the strategic cooperation will see Reliance Defence take the lead as the prime manufacturer, with Diehl Defence supplying core technologies and guidance systems. The advanced artillery shells—designed for long-range, high-precision strikes—will be produced at a greenfield facility in Ratnagiri's Watad Industrial Area, part of the upcoming Dhirubhai Ambani Defence Vulcano 155mm system is equipped with laser and GPS-guided navigation, capable of hitting targets with exceptional accuracy. Its inclusion in India's artillery arsenal will significantly enhance the operational capabilities of the armed forces, especially in high-stakes combat situations that demand precision over volume. Reliance Defence anticipates the partnership could generate business worth Rs 10,000 crore, underlining the growing market for precision ammunition and the strategic value of localising such technologies. The project is expected to deliver more than 50% indigenous content, supporting India's 'Aatmanirbhar Bharat' vision and contributing to the government's Rs 50,000 crore defence export goal by this collaboration, Reliance Defence positions itself at the forefront of India's next-gen ammunition manufacturing drive, bringing together global expertise and local execution for a future-ready
Time of India
2 days ago
- Business
- Time of India
Reliance Power, Infra shares rally: What's driving the Anil Ambani-owned Reliance stock surge? Check details
Representative AI image NEW DELHI: Anil Ambani-led Reliance ADAG stocks, Reliance Power and Reliance Infrastructure have been on a strong upward trajectory, driven by a series of positive developments. On Wednesday, Reliance Power surged over 5% in morning trade, taking its monthly gains to over 70%. Reliance Infrastructure also gained 1% in early trade today and has jumped nearly 60% in the last month. Reliance Power hit a fresh 52-week high of Rs 67.68 on Tuesday, extending a month-long rally of 76% and a 173% gain over the past year. The rally in both stocks is being fueled by multiple triggers, project wins, favourable court orders, equity infusions, and a strong return to profitability. Reliance Power alone rose 45.5% in May and has added another 10% in the past week. What's driving the surge in Reliance Power and Infra stocks? Reliance Group stocks have seen a sharp rally, backed by strong quarterly results, major project wins, financial restructuring, and renewed investor confidence, as per reports. Reliance Power's strong Q4 turnaround: The company posted a consolidated profit of Rs 125.57 crore in Q4 FY25, reversing a loss of Rs 397.56 crore in the same period last year. This shift was driven by cost-cutting measures and fresh equity infusion from its promoter and investors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like local network access control Esseps Learn More Big project wins further lifted sentiment: On May 28, Reliance NU Energies, a Reliance Power unit, secured a 350 MW solar power and 175 MW/700 MWh battery storage project from PSU SJVN. Another subsidiary, Reliance NU Suntech, recently signed a 25-year PPA with SECI for Asia's largest solar-plus-storage project, with 930 MW of solar capacity and 465 MW/1,860 MWh of battery storage, with a planned investment of up to Rs 10,000 crore. Cross-border clean energy collaboration: Reliance Power has signed a commercial term sheet with Bhutan's Green Digital Pvt Ltd for a long-term power purchase agreement, marking a major milestone in cross-border clean energy collaboration. Green Digital is a subsidiary of Druk Holding and Investments Ltd (DHI), the investment arm of the Royal Government of Power also raised Rs 348 crore in May through preferential allotments, strengthening its balance sheet. Reliance Infrastructure: Reliance Defence, a subsidiary of Reliance Infrastructure, has announced on June 10 a strategic cooperation agreement with Germany's Diehl Defence to manufacture advanced artillery systems in India. The focus of the partnership will be on producing the Vulcano 155mm precision-guided munition system, an artillery shell known for its long-range and high accuracy. "Diehl Defence looks forward to strengthening the current relationship with Reliance in the context of TGM for the Indian Armed Forces," Helmut Rauch, CEO of Diehl Defence said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
2 days ago
- Business
- Economic Times
Reliance Infra shares in focus after unit expands munitions tie-up with Germany's Diehl Defence
Live Events Rs 10,000 crore opportunity (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Reliance Infrastructure will be in focus on Wednesday after its subsidiary, Reliance Defence, and Germany's Diehl Defence announced an expansion of their strategic partnership to supply precision-guided munitions to the Indian Armed two companies signed a strategic cooperation agreement on 10 June to locally produce the Vulcano 155mm precision-guided munition system—an advanced artillery shell designed for high-accuracy, long-range agreement marks a significant step in India's push to reduce reliance on defence imports and strengthen its domestic manufacturing capabilities. The Vulcano 155mm uses laser and GPS guidance to deliver pinpoint accuracy, making it a valuable asset for modern the agreement, Reliance Defence will act as the prime contractor, while Diehl Defence will provide core technology and system-level expertise. Manufacturing will take place at a new greenfield facility in the Watad Industrial Area in Ratnagiri, Maharashtra, as part of the Dhirubhai Ambani Defence City (DADC).Reliance Defence estimates that the partnership could generate up to Rs 10,000 crore in revenue, driven by growing demand for advanced ammunition and the localisation of critical defence technologies. The company plans to achieve over 50% indigenous value addition, in line with the government's defence indigenisation also supports India's broader goal of reaching Rs 50,000 crore in defence exports by Defence, based in Überlingen, Germany, is a global player in advanced defence systems, including guided missiles, air defence, and ammunition. The company employs about 4,500 people and generates annual revenues of over €2 billion.'We look forward to strengthening our relationship with Reliance Group in the context of TGM for the Indian Armed Forces,' said Helmut Rauch, CEO of Diehl marks Reliance Group's fourth major international defence partnership, following previous collaborations with Dassault Aviation, Thales Group, and Rheinmetall.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
2 days ago
- Business
- Time of India
Reliance Infra shares in focus after unit expands munitions tie-up with Germany's Diehl Defence
Reliance Infra share news , Reliance Defence Diehl partnership , Indian Army , defence manufacturing Ratnagiri , Reliance Diehl Defence deal , Reliance defence sector news , Defence stocks Shares of Reliance Infrastructure will be in focus on Wednesday after its subsidiary, Reliance Defence, and Germany's Diehl Defence announced an expansion of their strategic partnership to supply precision-guided munitions to the Indian Armed Forces. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The two companies signed a strategic cooperation agreement on 10 June to locally produce the Vulcano 155mm precision-guided munition system—an advanced artillery shell designed for high-accuracy, long-range strikes. The agreement marks a significant step in India's push to reduce reliance on defence imports and strengthen its domestic manufacturing capabilities. The Vulcano 155mm uses laser and GPS guidance to deliver pinpoint accuracy, making it a valuable asset for modern warfare. Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside Live Events Under the agreement, Reliance Defence will act as the prime contractor, while Diehl Defence will provide core technology and system-level expertise. Manufacturing will take place at a new greenfield facility in the Watad Industrial Area in Ratnagiri, Maharashtra, as part of the Dhirubhai Ambani Defence City (DADC). Rs 10,000 crore opportunity Reliance Defence estimates that the partnership could generate up to Rs 10,000 crore in revenue, driven by growing demand for advanced ammunition and the localisation of critical defence technologies. The company plans to achieve over 50% indigenous value addition, in line with the government's defence indigenisation targets. This also supports India's broader goal of reaching Rs 50,000 crore in defence exports by 2029. Also Read: JSW Steel, Aurobindo Pharma among 6 large & midcap firms with promoter pledge decline in Q4 Diehl Defence, based in Überlingen, Germany, is a global player in advanced defence systems, including guided missiles, air defence, and ammunition. The company employs about 4,500 people and generates annual revenues of over €2 billion. 'We look forward to strengthening our relationship with Reliance Group in the context of TGM for the Indian Armed Forces,' said Helmut Rauch, CEO of Diehl Defence. This marks Reliance Group's fourth major international defence partnership, following previous collaborations with Dassault Aviation, Thales Group, and Rheinmetall. Also Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Reliance and Diehl sign ₹10,000 crore defence pact to manufacture Vulcano precision ammunition in India
In a move that could reshape India's defence production landscape, Reliance Defence, a subsidiary of Reliance Infrastructure, has entered into a strategic cooperation agreement with Germany's Diehl Defence. The partnership will focus on the local production of the Vulcano 155mm precision-guided munition system—an advanced artillery shell designed for long-range, high-accuracy announcement, made on 10 June, signals a major step forward in India's efforts to reduce dependence on imported defence equipment and build a robust domestic manufacturing base. The Vulcano 155mm system is no ordinary shell. It uses cutting-edge laser and GPS-guided targeting to deliver pinpoint accuracy. This makes it a valuable asset for the Indian Armed Forces, especially in modern combat scenarios where precision is critical. Reliance Defence will lead the manufacturing effort as the prime contractor, while Diehl Defence will provide the core technology and system-level expertise. The production will take place at a new greenfield facility in the Watad Industrial Area, Ratnagiri, Maharashtra, which will be part of the Dhirubhai Ambani Defence City (DADC). Reliance Defence estimates that this partnership could generate up to ₹10,000 crore in revenue. This projection reflects the growing demand for advanced ammunition systems and the company's ability to localise critical defence technologies. The manufacturing initiative will include over 50% indigenous value addition, directly supporting India's defence indigenisation goals. It also aligns with the government's target of achieving ₹50,000 crore in defence exports by Defence, headquartered in Überlingen, Germany, is a global leader in defence systems. Its portfolio includes guided missiles, air defence systems, and advanced ammunition. The company employs around 4,500 people and generates annual sales exceeding €2 Rauch, CEO of 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.'This collaboration marks Reliance Group's fourth major international defence partnership, following earlier ventures with Dassault Aviation, Thales Group, and the announcement, shares of Reliance Infrastructure rose by 3.5%, closing at ₹404.40 on the Bombay Stock Exchange. The market's response reflects investor confidence in the long-term value of this strategic move. While the Indo-German partnership is being celebrated in New Delhi, reports have surfaced that Diehl Defence is also quietly promoting its IRIS-T air defence system to Pakistan1. The IRIS-T, known for its performance in Ukraine, is capable of intercepting supersonic missiles like Russia's P-800 Oniks—technologically similar to India's BrahMos. Analysts believe Pakistan's interest in the IRIS-T stems from its desire to counter India's BrahMos missile capabilities. This development has raised concerns in strategic circles about Germany's dual-track defence diplomacy in South Asia.
