Latest news with #AnilDAmbani
Canada Standard
18-06-2025
- Business
- Canada Standard
Reliance Aerostructure, Dassault to manufacture Falcon 2000 jets in India for global market
New Delhi [India], June 18 (ANI): Reliance Infrastructure Ltd subsidiary, Reliance Aerostructure Limited (RAL) and French manufacturer Dassault Aviation have announced an agreement to manufacture Falcon 2000 LXS Business Executive Jets in India for the Global Market. The development is particularly significant since the French manufacturer will be manufacturing Falcon 2000 jets outside France for the time time, an indication of India's increased importance in the global aviation manufacturing. Dassault Aviation, in a press statement, said that this is an epic moment for India as it joins the elite club of countries manufacturing next-generation business jets after the United States, France, Canada and Brazil. DRAL will be the first Centre of Excellence (CoE) outside of France for Dassault Aviation's Falcon series, including the Falcon 6X and Falcon 8X programs. Eric Trappier, Chairman and CEO, Dassault Aviation said: 'This new agreement, which will make DRAL the first centre of excellence for Falcon assembly outside France and which will eventually enable the establishment of a final assembly line for the Falcon 2000, illustrates, once again, 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. It marks the ramp-up of DRAL, in line with the strategic vision shared with our partner Reliance, which led to its creation in 2017 and is a testament to our unwavering belief in our future in India and serving India.' Anil D Ambani, Founder Chairman, Reliance Group said, 'This collaboration reflects our commitment to Prime Minister Shri Narendra Modi's vision of 'Atmanirbhar Bharat (Self Reliant India)' and 'Make in India for the World'. Our partnership with Dassault Aviation for manufacturing of Falcon Business Jets in India is a defining moment for the country, Aviation Industry and the Reliance Group. This will help position India as a key force in the global aerospace value chain.' The release states that by 2028, the first flight of the 'Made in India' Falcon 2000 will take place from the DRAL Facility at MIHAN, Nagpur in the Western State of Maharashtra, India, following the transfer of full fuselage and wing assembly operations and significant facility enhancements. As part of the agreement, Dassault 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 the Falcon 2000 to DRAL. 'This landmark initiative will see India emerge as a strategic center for high-end business jet manufacturing, underscoring the nation's growing prominence in the global aerospace ecosystem. The new final assembly line will cater to rising demand in India and other international markets,' the release added. In 2017, Dassault Aviation and Reliance Aerostructure formed a joint venture called DRAL. Later that year, a state-of-the-art manufacturing facility was established in Mihan, Nagpur, marking the start of operations. DRAL has constructed more than 100 key subsections for the Falcon 2000 since delivering its first Falcon 2000 front section in 2019, demonstrating its superior precision manufacturing skills and contributing significantly to the Falcon global production program. As per the release, DRAL is expected to recruit several hundred engineers and technicians over the next decade to support its expanding operations. 'This growth underscores Dassault Aviation's deep commitment to strengthening India's aerospace manufacturing ecosystem and advancing the nation's emergence as a global center of excellence for high-precision aviation production,' the release added. Dassault Aviation has established a reputation for excellence in the design, manufacture, marketing, and maintenance of all kinds of aircraft, from the Rafale fighter to the premium Falcon family of business jets, military drones, and space systems. Over the past century, the company has delivered over 10,000 military and commercial aircraft, including 2,700 Falcons, in more than 90 countries. Dassault Aviation reported EUR6.2 billion in revenue in 2024. The corporation employs 14,600 people. (ANI)
India Gazette
18-06-2025
- Business
- India Gazette
Reliance Aerostructure, Dassault to manufacture Falcon 2000 jets in India for global market
New Delhi [India], June 18 (ANI): Reliance Infrastructure Ltd subsidiary, Reliance Aerostructure Limited (RAL) and French manufacturer Dassault Aviation have announced an agreement to manufacture Falcon 2000 LXS Business Executive Jets in India for the Global Market. The development is particularly significant since the French manufacturer will be manufacturing Falcon 2000 jets outside France for the time time, an indication of India's increased importance in the global aviation manufacturing. Dassault Aviation, in a press statement, said that this is an epic moment for India as it joins the elite club of countries manufacturing next-generation business jets after the United States, France, Canada and Brazil. DRAL will be the first Centre of Excellence (CoE) outside of France for Dassault Aviation's Falcon series, including the Falcon 6X and Falcon 8X programs. Eric Trappier, Chairman and CEO, Dassault Aviation said: 'This new agreement, which will make DRAL the first centre of excellence for Falcon assembly outside France and which will eventually enable the establishment of a final assembly line for the Falcon 2000, illustrates, once again, 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. It marks the ramp-up of DRAL, in line with the strategic vision shared with our partner Reliance, which led to its creation in 2017 and is a testament to our unwavering belief in our future in India and serving India.' Anil D Ambani, Founder Chairman, Reliance Group said, 'This collaboration reflects our commitment to Prime Minister Shri Narendra Modi's vision of 'Atmanirbhar Bharat (Self Reliant India)' and 'Make in India for the World'. Our partnership with Dassault Aviation for manufacturing of Falcon Business Jets in India is a defining moment for the country, Aviation Industry and the Reliance Group. This will help position India as a key force in the global aerospace value chain.' The release states that by 2028, the first flight of the 'Made in India' Falcon 2000 will take place from the DRAL Facility at MIHAN, Nagpur in the Western State of Maharashtra, India, following the transfer of full fuselage and wing assembly operations and significant facility enhancements. As part of the agreement, Dassault 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 the Falcon 2000 to DRAL. 'This landmark initiative will see India emerge as a strategic center for high-end business jet manufacturing, underscoring the nation's growing prominence in the global aerospace ecosystem. The new final assembly line will cater to rising demand in India and other international markets,' the release added. In 2017, Dassault Aviation and Reliance Aerostructure formed a joint venture called DRAL. Later that year, a state-of-the-art manufacturing facility was established in Mihan, Nagpur, marking the start of operations. DRAL has constructed more than 100 key subsections for the Falcon 2000 since delivering its first Falcon 2000 front section in 2019, demonstrating its superior precision manufacturing skills and contributing significantly to the Falcon global production program. As per the release, DRAL is expected to recruit several hundred engineers and technicians over the next decade to support its expanding operations. 'This growth underscores Dassault Aviation's deep commitment to strengthening India's aerospace manufacturing ecosystem and advancing the nation's emergence as a global center of excellence for high-precision aviation production,' the release added. Dassault Aviation has established a reputation for excellence in the design, manufacture, marketing, and maintenance of all kinds of aircraft, from the Rafale fighter to the premium Falcon family of business jets, military drones, and space systems. Over the past century, the company has delivered over 10,000 military and commercial aircraft, including 2,700 Falcons, in more than 90 countries. Dassault Aviation reported EUR6.2 billion in revenue in 2024. The corporation employs 14,600 people. (ANI)
India.com
12-06-2025
- Business
- India.com
Anil Ambani hits mega JACKPOT, set to earn Rs 11690000000 due to..., shares of Reliance Infra zoom to...
Anil Ambani (File) In a major milestone and good news for Anil Ambani, Mumbai Metro One Private Limited, a subsidiary of Anil Ambani's company Reliance Infrastructure has received a massive sum of Rs 1,169 crore, thanks to the Bombay High Court Order. On the other hand, the Chairman of Reliance Industries has alos hit a jackpot in a dispute between Anil Ambani's company and Mumbai Municipal Corporation over Mumbai Metro Line 1 (Versova-Andheri-Ghatkopar). Here are all the details you need to know. In the recent development, the Bombay High Court instructed Mumbai Metropolitan Region Development Authority (MMRDA) to pay a whopping amount of Rs 1,169 crore as an arbitration award to Mumbai Metro One Pvt Ltd (MMOPL). Notably, MMOPL is a debt-ridden subsidiary of Reliance Infrastructure and has been operating Mumbai's first metro line between the Versova-Andheri-Ghatkopar Corridor. Responding to the big updatw, Reliance Power and Reliance Infrastructure shares continued to rise, trading at ₹71.67 and ₹405 respectively despite market weakness. , Reliance Infrastructure Limited promoted Reliance Defence Limited (Reliance Defence) has announced a landmark deal for India's defence infrastructure development. In the recent development, the Anil Ambani led company signed a deal with Germany's, Diehl Defence for the production of next-generation Terminally Guided Munitions (TGM). Reliance group founder Anil D Ambani and German arms manufacturer Diehl Defence CEO Helmut Rauch discussed strengthening strategic partnership on guided munition/terminally guided munition that they had entered into in 2019, the two firms said in a statement on Tuesday. 'For Diehl Defence, the collaboration with Reliance Defence is part of the company's commitment to the Indian market and to the 'Make in India' initiative of the Indian government,' the statement said. The main purpose of the current strategic cooperation agreement between the two groups is to focus on the urgent supply of the 'System Vulcano 155mm Precision Guided Munition' for the Indian armed forces. (With inputs from agencies)
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Business Standard
22-05-2025
- Business
- Business Standard
Reliance Defence, Rheinmetall AG to build major ammo unit in Maharashtra
Reliance Defence Limited, a subsidiary of Reliance Infrastructure Limited, has signed a strategic agreement with Germany-based Rheinmetall AG to collaborate in the ammunition sector. The partnership will focus on the supply of explosives and propellants for medium- and large-calibre ammunition, with joint marketing of selected products and scope for further collaboration. "The new state-of-the-art facility will make a significant contribution to supplying the country's armed forces. The defence manufacturing complex will support India's ambitious defence export target of ₹50,000 crore by 2029," the Reliance Group said in a statement. Rheinmetall AG, one of the world's largest defence firms, closed 2024 with revenues of €9.8 billion and operations across 171 locations globally. Known for advanced munitions such as the Assegai M2005 V-LAP and SMArt 155, the company will gain enhanced access to critical raw materials and benefit from improved supply chain resilience through this partnership. 'This strategic partnership brings cutting-edge capabilities to India, marking a transformational moment for the country's private defence manufacturing sector,' said Anil D Ambani, Founder and Chairman of Reliance Group. 'The project marks a major step in the Reliance Group's long-term strategy to invest in the fast-growing defence manufacturing sector.' Massive greenfield facility in Ratnagiri Reliance Defence will establish a greenfield manufacturing facility, fully owned by the company, in the Watad Industrial Area of Ratnagiri, Maharashtra. The plant is expected to become one of the largest of its kind in South Asia, with proposed annual production capacities of: 200,000 artillery shells 10,000 tonnes of explosives 2,000 tonnes of propellants Armin Papperger, CEO of Rheinmetall AG, commented: 'This strategic partnership of Rheinmetall with Reliance Defence, led by Anil Ambani's Reliance Group, illustrates our strong commitment to partner with India.' The collaboration supports Reliance Defence's ambition to become one of India's top three defence exporters. The new unit will be integrated into the Dhirubhai Ambani Defence City (DADC)—an upcoming comprehensive defence production complex in Ratnagiri. Once completed, it will represent the largest greenfield defence initiative undertaken by a private company in India. Third major global tie-up for Reliance Defence
