Reliance Defence

Reliance Defence to invest ₹10,000 crore in aerospace over 10 years; aims to build India's first commercial aircraft by 2028 and expand Falcon jet assembly in Nagpur with Dassault

Reliance Defence and Diehl Defence tie up for local production of 155 mm guided munitions in Ratnagiri, with Rs 5,000 crore investment planned over five years

The MoU was signed at the Paris Air Show

French defence firm Thales, supplier of radar and electronic warfare, display systems, software, communication solution to Rafale jet fighters set up a joint venture with Anil Ambani's Reliance Defence Ltd to integrate India-specific capabilities for 36 Rafale jet fighters and maintain radars and manufacture high performance airborne electronicsThe Indian government signed a contract to purchase 36 Rafale fighter jets in fly-away condition for Indian Air Force in last September for $8.8 billion. The JV will also serve to leverage Dassault's offset commitment as part of the deal for the supply of 36 Rafale fighter aircraft to IAF. The Rafale deal with French aerospace major Dassault had an agreement of 50 per cent offset clause which means that Indian companies, will get businesses of around 74 percent in goods and supply. The company in which Reliance Defence will hold 51 percent stake will develop the technology at their facility at Mihan Special Economic Zone near Nagpur.Anil ...

Reliance Defence will hold 51% stake in the JV, Thales will have the remaining 49% equity

Govt's military indigenisation plan has spawned another tie-up

A consortium of lenders led by IDBI has given its approval

Anil Ambani had said that defence sector will be largest business area for his group in next few yrs

Reliance Shipyard is the first in India to receive MSRA Certification to undertake such operations

The company had posted a net loss of Rs 293.6 crore in the corresponding quarter last year

Reliance's shipyard has the largest dry-dock with considerable expertise in modular construction technology

Reliance Defence's Gujarat unit to be developed as one-stop shop for servicing needs of upstream companies

The refit of three warships-INS Jamuna, INS Deepak and INS Savitri-is expected to be completed by April next year

Firm to soon sign Rs 920 cr contract, vessels to be designed in-house and built at company's Pipavav Shipyard

The scrip plummeted by 13.51 per cent to end at Rs 56.35 on BSE

Company had reported a net loss of Rs 167.27 crore for the corresponding quarter of the FY 2015-16

Reliance Defence rose nearly 6% to Rs 67.05 in afternoon trade on BSE

Reliance Defence now has 27 licences, across the spectrum of defence equipment

Of the 16 new licences, 11 pertain to land systems, three for naval systems and the remaining two cover niche technologies across defence spectrum

The key programmes in the segments related to these licences have budgetary allocation in excess of Rs 50,000 crore