Reliance Infrastructure announces signing of MoU between Reliance Defence & Abu Dhabi Shipping Building
For Naval and Commercial services
Reliance Infrastructure announced that its wholly owned subsidiary, Reliance Defence has signed a Memorandum of Understanding (MoU) with Abu Dhabi Shipping Building (ADSB). Under this MoU, Reliance Defence and ADSB are investigating an opportunity to set up a strategic partnership for the construction of naval ships - including frigates, destroyers and other specialised vessels to address the Gulf Cooperation Council (GCC) over the next 10 years. The agreement could also see ADSB delivering maintenance, repair, overhaul and refit services to the vessel, in line with regional requirements.Powered by Capital Market - Live News