Reliance Infra hits the roof after bagging Rs 600-cr export order from Rheinmetall
Reliance Infrastructure hit an upper circuit of 5% at Rs 404.05 after the company announced that its defence arm, Reliance Defence, has secured a major export order worth Rs 600 crore from Rheinmetall Waffe Munition GmbH.
Rheinmetall Waffe Munition GmbH is a leading German defence and ammunition manufacturer.
This deal marks one of the largest high-tech ammunition export orders to date from India and underscores the strength of the recently formed strategic partnership between Reliance Defence and Rheinmetall. The order is a key milestone in Reliance Defences ambition to become a significant player in the global defence and munitions supply chain, with a particular focus on expanding its footprint in Europe.
The collaboration highlights both companies long-term commitment to advancing indigenous defence manufacturing under the Atmanirbhar Bharat and Make in India initiatives. Reliance Defence has set a target to be among the top three defence exporters in the country.
According to the company, the order reflects the growing capabilities of India's private sector in delivering high-quality defence products that meet rigorous international standards. It also reinforces Reliance Defences strategic direction to expand its global presence, identifying Europe as a critical market for future growth.
To support its expanding operations, Reliance Defence will establish an integrated manufacturing facility for explosives, ammunition, and small arms under the Dhirubhai Ambani Defence City (DADC) initiative. Located in the Watad industrial area of Ratnagiri, Maharashtra, the DADC is poised to become the largest greenfield defence sector project ever undertaken by a private company in India. It will serve as a hub for innovation, advanced production, and export-driven growth in the defence industry.
Armin Papperger, CEO of Rheinmetall AG while announcing the strategic partnership said, this Strategic Partnership of Rheinmetall with Reliance Defence led by Anil Ambanis Reliance Group illustrates our strong commitment to partner with India under the strong leadership of Prime Minister Modi.
Anil D. Ambani, founder chairman, Reliance Group said The strategic partnership with Rheinmetall brings cutting-edge capabilities to India and represents a defining milestone for the countrys private defence manufacturing sector. Guided by the vision of Aatmanirbhar Bharat, as championed by Prime Minister Shri Narendra Modi, our ambition is clear to position Reliance Defence among the worlds Top 3 defence exporters. Through this, we aim to enable India not only to meet its domestic defence needs with confidence, but also to establish itself as a trusted force in the global defence supply chain.
Reliance Infrastructure is active in the energy sector, focusing on power distribution in Delhi and power generation. The company also has interests in defence manufacturing and plays a key role in infrastructure development through special purpose vehicles (SPVs), including projects like the Mumbai Metro.
On a consolidated basis, Reliance Infrastructure reported a net profit of Rs 4,387.08 crore in Q4 March 2025 as against net loss of Rs 220.58 crore in Q4 March 2024. Net sales declined 12.33% YoY to Rs 4,108.01 crore in Q4 March 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
40 minutes ago
- Time of India
Credit Card holders take note: Major banks to tweak benefits from July; SBI, HDFC, Kotak revise rules - Here's what you need to know
This is an AI-generated image, used for representational purposes only. Starting July 2025, several leading banks, including SBI , HDFC Bank and Kotak Mahindra Bank, will roll out significant changes to their credit card terms, including revised insurance benefits, new transaction charges, and product migrations. Cardholders are advised to review these updates carefully to avoid unexpected costs and benefit disruptions. SBI Card: Insurance benefit withdrawn, payment rules updated SBI Card will discontinue its complimentary air accident insurance across several premium and co-branded cards from July 15, 2025. This includes the Rs 1 crore cover on SBI Card Elite, SBI Card Miles Elite and SBI Card Miles Prime, and the Rs 50 lakh cover on SBI Card Prime and SBI Card Pulse. Additionally, from August 11, 2025, this benefit will also be removed from co-branded cards like UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, and others, according to ET. SBI has also updated its Minimum Amount Due (MAD) calculation formula. From July 15, the MAD will include 100% of GST, EMI, charges, and finance costs, plus 2% of the remaining dues. The order of payment settlement will now be: GST > EMI > charges > finance charges > balance transfer > retail spends > cash advances. HDFC Bank: New charges on gaming, wallet loads and utilities HDFC Bank will revise several credit card charges from July 1, 2025. According to ET, a 1% transaction fee (capped at Rs 4,999/month) will now apply to: Online skill-based gaming spends over Rs 10,000/month Wallet loads exceeding Rs 10,000/month Utility bill payments above Rs 50,000/month (Rs 75,000 for business cards) No reward points will be given on gaming spends. Insurance spends remain exempt from charges, but rewards will be capped monthly: Infinia cards: 10,000 points Diners Black: 5,000 points Other cards: 2,000 points Cards like Marriott Bonvoy will continue to enjoy uncapped reward points. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ductless Air Conditioners Are Selling Like Crazy [See Why] Keep Cool Click Here Undo Also, education, rent and fuel spends will see charges if routed through third-party apps or if they exceed defined limits, ET reported. Kotak Mahindra Bank: Myntra Card to be replaced Kotak Mahindra Bank will discontinue the Myntra Kotak Credit Card from July 10, 2025, and transition customers to the Kotak League Credit Card. Users are urged to review the new card's features and rewards structure, as the migration will automatically replace the existing benefits. With banks tightening card benefits and introducing new charges, consumers are advised to monitor their monthly spending categories, especially in areas like online gaming, wallet usage, and high-value utility payments. Reviewing terms can help avoid fees and ensure continued access to key features. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India.com
43 minutes ago
- India.com
This company plans stock split, board members likely to consider changes in the share capital
सेफ इंवेस्टमेंट का भी करें इंतजाम Pavan Industries Limited's stock is in focus. The company informed on Friday that it is planning a stock split. After this, the stock has come into the eyes of investors. On Friday, the company's stock fell 2.34 percent to close at ₹ 403.10 per share. The meeting of the Board of Directors of the company is scheduled to be held on July 2, 2025. In this meeting, the board will consider changes in the share capital. Under this, a proposal will be made to split the company's existing equity shares of Rs 10. This proposal will be implemented only after getting the approval of the shareholders and necessary regulatory approvals. Pavan Industries Limited Pavan Industries Limited was established in 1994. This company manufactures many important parts for the automotive sector. The company manufactures products such as steering-cum-ignition switches, fuel tank caps, throttle bodies, and carburetors for two-wheelers, three-wheelers, passenger, and commercial vehicles. Apart from this, the company also manufactures electrical products, casting components, and accessories like wheel locks, helmet locks, fuel cocks, pumps, handles, and latches. Pavan Industries Limited Net Sales In the March quarter (Q4FY25), Pavan Industries Limited reported net sales of Rs 66.23 crore and a net profit of Rs 1.82 crore. For the full financial year 2025, the company's net sales stood at Rs 308.24 crore and net profit stood at Rs 8.04 crore. Regarding the shareholding pattern, the promoters' stake remained at 61.50 percent until March 2025. While FIIs did not buy any shares in the company last year, this year they bought 8,61,614 shares, or a 6.18 percent stake. The remaining 32.32 percent of shares are held by the public. The market capitalization of the company is more than Rs 560 crore. The price-to-earnings (PE) ratio of the shares is 7x. Return on equity (ROE) is 5 percent, and return on capital employed (ROCE) is 10 percent. The stock has gained 37.30 percent so far from its 52-week low of Rs 293.30. The stock has gained 3 percent in the last one month. However, in the intervening 6 months, the stock has fallen by more than 17 percent. The stock has given a negative return of 28 percent in a year. However, in five years, the stock has given a multibagger return of 388 percent.
Time of India
an hour ago
- Time of India
Reliance Power participates in global bids for 1,500-MW gas-based power project
Anil Ambani 's Reliance Power Ltd is planning to set up a 1,500-MW gas-based power project overseas and is actively participating in several international tenders for its development, according to sources. Sources said, Reliance Power has submitted competitive bids for gas-based power projects in Kuwait, UAE, and Malaysia as part of its selective global expansion strategy. The company has recently secured two mega power projects in Bhutan - a 500-MW solar project and a 770-MW hydropower project. Based on the outcome of the ongoing international bids, Reliance Power plans to relocate two 750 MW modules of world-class equipment currently in its possession in India. The proposed project is expected to create significant value in Reliance Power's balance sheet, as the company aims to realise up to Rs 2,000 crore through the monetisation of these assets. Live Events When contacted, a Reliance Power spokesperson confirmed the company's participation in global tenders. Originally, the company had imported three modules of 750 MW world class equipment from General Electric, USA, for a gas-based combined cycle power project, out of which one module was exported to Bangladesh for an LNG based power project in partnership with Japan's JERA. Now, Reliance Power intends to deploy the remaining two modules for a similar project at an overseas location. The demand for gas-based power - widely regarded as a clean energy source - is significantly high in countries such as Kuwait, the UAE, and Malaysia. However, global suppliers like GE typically require 3 to 5 years to deliver equipment for gas or LNG-based power plants. In contrast, Reliance Power has 1,500 MW of equipment readily available, enabling it to execute such projects in the shortest possible timeframe. Reliance Power is actively focusing on renewable and clean energy. The company has a strong development pipeline, including 2.5 GWp of utility-scale solar projects and more than 2.5 GWh of Battery Energy Storage Systems (BESS). This positions Reliance Power as the largest private sector player in the integrated solar + BESS segment in India. Reliance Power has also entered into a joint venture with the Bhutan Government's Druk Holding & Investments (DHI) for the development of a 500 -MW solar project and a 770-MW hydropower project in Bhutan. This marks the largest foreign direct investment by an Indian private company in Bhutan's renewable energy sector.
