Latest news with #AnilAmbani-owned
Mint
09-07-2025
- Business
- Mint
Relief for Anil Ambani-owned Reliance Power subsidiary company. Check details
Stock Market today: Anil Ambani-owned Reliance Power's subsidiary company has gotten relief on the proposed termination of its power purchase agreement. Check detail
Time of India
23-06-2025
- Business
- Time of India
Reliance Infra clears Rs 273 crore JR Toll Road loan with Yes Bank
Reliance Infrastructure Ltd on Monday announced that it has fully settled a loan of approximately Rs 273 crore, including interest, owed by its wholly owned subsidiary JR Toll Road Pvt Ltd (JRTR) to Yes Bank . In a regulatory filing, the company said JRTR, along with Reliance Infrastructure as the corporate guarantor, signed an addendum to the earlier settlement agreement with Yes Bank and has paid the entire outstanding amount. 'The above agreement has also resulted in full settlement/discharge of the Company's obligation as a guarantor for the said loan on behalf of JRTR,' the filing stated. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Vietnam: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo Yes Bank, was trading at Rs 19.78, up 0.25% on Monday morning at 9:47 am, according to BSE. Meanwhile, Anil Ambani-owned Reliance infra was trading at Rs 374, up 0.65%, at the same time. Live Events The loan repayment marks a key step in Reliance Infra's efforts to reduce its debt burden. The company also clarified that Yes Bank does not hold any equity in Reliance Infrastructure and is neither a related party nor part of the promoter group. The development follows earlier disclosures made by Reliance Infrastructure on November 26, 2024 and April 1, 2025, regarding the debt resolution process.
Mint
18-06-2025
- Business
- Mint
Anil Ambani-owned Reliance Infra share price hits 5% upper circuit as subsidiary partners with Dassault Aviation
Anil Ambani-owned Reliance Infra shares hit a 5 per cent upper circuit in intraday trade on the BSE on Wednesday, June 18, after the company announced its subsidiary had partnered with Dassault Aviation to manufacture Falcon 2000 jets in India. Reliance Infrastructure share price opened at ₹ 365.95 against its previous close of ₹ 367.70 and jumped 5 per cent to hit its upper circuit of ₹ 386.05. Through an exchange filing during market hours on June 18, the Anil Ambani-owned firm announced that its subsidiary Reliance Aerostructure Limited had entered a strategic partnership with Dassault Aviation to manufacture Falcon 2000 business executive jets in India for the global markets. "Dassault Aviation and Reliance Infrastructure's subsidiary, Reliance Aerostructure Limited (RAL), today at the Paris Air Show announced a landmark strategic partnership to manufacture Falcon 2000 business executive jets in India for the global markets. The partnership represents a significant step in advancing India's aerospace manufacturing capabilities," Reliance Infrastructure said in its exchange filing on June 18. According to Reliance Infra, Dassault Aviation will manufacture Falcon 2000 jets outside of France for the first time in its storied history. "This pioneering initiative will see India emerge as a strategic centre for high-end business jet manufacturing. It marks a historic moment for Indian aerospace and the manufacturing industry, as the landmark agreement paves the way for India's entry into the elite club of countries producing next-generation business jets, alongside the United StatesFrance, Canada, and Brazil," the company said. According to the exchange filing, Dassault Aviation will also transfer the assembly of the front section of Falcon 8X and Falcon 6X, in addition to the wings and complete fuselage assembly of Falcon 2000, to DRAL. The transfer of assembly operations combined with major facility upgrades will pave the way for the first flight of Falcon 2000 'Made in India' from Indian soil by 2028. Reliance Infrastructure share price has been on a roll over the last year, surging 83 per cent , despite market volatility. Year-to-date, the stock has gained 21 per cent, hitting a 52-week high of ₹ 421 recently on June 11. The stock hit a 52-week low of ₹ 169.75 on July 23 last year. Read all market-related news here Read more stories by Nishant Kumar
India Today
18-06-2025
- Business
- India Today
Dassault, Reliance Infrastructure to make Falcon 2000 business jets in India
Reliance Infrastructure has partnered with France's Dassault Aviation to make Falcon 2000 jets in India, the companies said on Wednesday, as the South Asian country aims to increase sourcing of locally-made defense said it aims to deliver the first made-in-India jets by 2028 for corporate and military use, and will cater to rising demand in both Indian and international the world's biggest arms importer, has been looking to step up domestic production, with global firms pushed to produce in India - either on their own or in collaboration with domestic partners. New Delhi also aims to boost defence exports, which jumped 12% in the fiscal year to end-March, to $2.76 will make Falcon 2000 jets outside France for the first time, the statement said, as it partners with tycoon Anil Ambani-owned Reliance Aerostructure to set up the final assembly line in the western Indian city of Infrastructure shares jumped 5% after the news in afternoon trading, while Dassault shares were largely in the month, the French firm signed an agreement with India's Tata group to produce fuselage of Rafale fighter aircraft in southern Hyderabad city - outside France for the first time
Mint
18-06-2025
- Business
- Mint
Reliance Aerostructure to manufacture Dassault's Falcon 2000 business jets in India
Reliance Infrastructure Ltd's subsidiary Reliance Aerostructure has signed an agreement to manufacture French company Dassault Aviation's Falcon 2000 business jets in India. The first batch of these jets is expected to be rolled out from Reliance Aerostructure's Nagpur factory in 2028. It would be the first time in Dassault's history for a Falcon aircraft to be completely manufactured outside France. Shares of Anil Ambani-owned Reliance Infrastructure hit the 5% upper circuit in intraday trade on BSE on Wednesday following the announcement. 'The 'Made in India' Falcon 2000 will stand as a proud symbol of the nation's technological prowess and manufacturing excellence. We strive to firmly position India as a vital hub in the global aerospace value chain,' Anil Amabani said in a statement. ''This new agreement is our firm intent to meet our 'Make in India' commitments, and to contribute to the recognition of India as a major partner in the global aerospace supply chain," added Eric Trappier, chairman and chief executive of Dassault Aviation. Following Wednesday's announcement, the French company also plans to hire more engineers in India. Another joint venture between the two companies, Dassault Reliance Aviation Ltd (DRAL), already manufactures cockpit and structural components for Falcon jets. DRAL, which was established in 2017, will eventually house a center of excellence for Falcon series, including the Falcon 6X and Falcon 8X, which will also be Dassault's first such facility outside France. Dassault will transfer the assembly of the front section of Falcon 8X and Falcon 6X, in addition to the wings and complete fuselage assembly of Falcon 2000, to DRAL. Kapil Kaul, chief executive of the aviation consultancy CAPA India, said Reliance Infrastructure's partnership with Dassault Aviation was 'the first step towards the larger goal of bringing more civil aerospace manufacturing to India'. A handful of other Indian companies too have joint ventures with global aerospace manufacturers. Tactical transport aircraft Airbus C-295 in being assembled by the Tata-Airbus JV. This covers production of more than 85% structural and final assembly of 40 aircraft along with the manufacturing of 13,000 detail parts in India. Tata Boeing Aerospace (TBAL), a joint venture between Tata Advanced Systems Ltd (TASL) and Boeing Co. manufacture fuselages for the US company's Apache AH-64 helicopters and parts for its Chinook helicopters. The Adani-Elbit joint venture between Adani Defence and Elbit Systems of Israel manufactures Hermes 900 unmanned aerial vehicles and surveillance systems in India.
