Anil Ambani hits jackpot, receives Rs 6000000000 order from…, this company to supply…
Anil Ambani (File)
Reliance Defence Ltd., a subsidiary of Reliance Infrastructure Limited, announced on Wednesday that it has secured a Rs 600 crore export order from German defense and ammunition manufacturer Rheinmetall Waffe Munition GmbH.
Last month, Anil Ambani's Reliance Defence entered into an agreement with Rheinmetall AG, a German arms manufacturer, to supply ammunition, including artillery shells and explosives. The supplies will be sourced from a new facility planned for establishment in Maharashtra.
'Reliance Defence's export order is one of the largest in the high-tech ammunition domain to date. This underscores the strength of its recently announced strategic partnership with Rheinmetall,' the firm said in a statement.
The order represents a key milestone in Reliance Defence's strategy to strengthen its position as a reliable partner in the global defence and munition supply chain, with a particular focus on Europe.
Reliance Defence aims to be among the top three defence exporters in the country.
Armin Papperger, CEO of Rheinmetall AG, while announcing the strategic partnership, said, 'This strategic partnership of Rheinmetall with Reliance Defence led by Anil Ambani's Reliance Group illustrates our strong commitment to partner with India under the strong leadership of Prime Minister Narendra Modi'.
Anil D Ambani, founder chairman of Reliance Group, said, 'The strategic partnership with Rheinmetall brings cutting-edge capabilities to India and represents a defining milestone for the country's private defence manufacturing sector'.
The DADC is being developed in the Watad industrial area of Ratnagiri, Maharashtra, and is set to become the largest greenfield project in the defence sector ever undertaken by any private company in India. The DADC will serve as a cornerstone for future innovation, advanced production, and export-oriented growth in the defence sector.
(With Inputs From PTI)
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