Latest news with #ArminPapperger
India.com
3 days ago
- Business
- India.com
Another good news for Anil Ambani, this company's shares hit 52-week high, jumps over…
Anil Ambani Shares of Reliance Infrastructure remained in focus on Thursday, rising over 3% after its subsidiary, Reliance Defence Ltd, announced securing a Rs 600-crore export order from German defense and ammunition manufacturer Rheinmetall Waffe Munition GmbH. The stock jumped 3.33 per cent to settle at Rs 417.50 on the BSE. During the day, it surged 4.93 per cent to hit the 52-week high of Rs 424. At the NSE, it climbed 3.29 per cent to Rs 418. In the previous trade, the stock had jumped 4.98 per cent. Reliance Infra Shares In the past one month, shares of the firm have zoomed over 42 per month, Anil Ambani's Reliance Defence signed an agreement with German arms manufacturer Rheinmetall AG to supply ammunition like artillery shells and explosives from a new facility to be set up 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 on Wednesday. The order represents a key milestone in Reliance Defence's strategy to strengthen its position as a reliable partner in the global defence and ammunition supply chain, with a particular focus on Europe. Reliance Defence Rs 600 cr Export Order Reliance Infrastructure Limited promoted Reliance Defence Ltd on Wednesday announced securing a Rs 600 crore export order from German defence and ammunition manufacturer Rheinmetall Waffe Munition GmbH. Last month, Anil Ambani's Reliance Defence signed an agreement with German arms manufacturer Rheinmetall AG to supply ammunition like artillery shells and explosives from a new facility to be set up 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'. Reliance Defence will establish an integrated facility for the manufacturing of explosives, ammunition, and small arms under the ambitious Dhirubhai Ambani Defence City (DADC) initiative. 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)
Business Standard
4 days ago
- Business
- Business Standard
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.
The Print
4 days ago
- Business
- The Print
Reliance Defence bags Rs 600 crore export order from Germany's Rheinmetall
This is part of the recently announced strategic partnership with Rheinmetall that aims to manufacture explosives and propellants for medium and large calibre ammunition for international customers. Reliance Defence's export order is one of the largest in the high-tech ammunition domain to date in the Indian private sector. New Delhi: Reliance Defence Limited (Reliance Defence), promoted by Reliance Infrastructure Limited, announced Wednesday it has secured an export order worth Rs 600 crore from Rheinmetall Waffe Munition GmbH, a leading German defence and ammunition manufacturer. A statement released by Reliance Defence quoted Armin Papperger, CEO of Rheinmetall AG as saying, '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 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 country's private defence manufacturing sector'. Reliance Defence will establish an integrated facility for the manufacturing of explosives, ammunition, and small arms under the ambitious Dhirubhai Ambani Defence City (DADC) initiative. 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. Incidentally, in 2012, the German company was blacklisted by the Indian defence ministry over allegations of corruption. The ban was extended for three more years this year, which means the Indian defence forces cannot sign a deal with the company. Incidentally, state-run Munitions India Limited had sold close to 500 tonnes of explosives to the Germany company in 2023 and early 2024. (Edited by Viny Mishra) Also read: Reliance Defence ties up with German arms maker Rheinmetall AG to make explosives for export markets
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Business Standard
4 days ago
- Business
- Business Standard
Reliance Defence bags export order worth ₹600 cr from Germany's Rheinmetall
Reliance Defence, a defence manufacturer promoted by Anil Ambani's Reliance Infrastructure, has secured an export order worth Rs 600 crore from Rheinmetall Waffe Munition GmbH, a German defence and ammunition maker. The order is one of the largest in the high-tech ammunition domain to date, R-Infra claimed. Reliance Defence recently announced a partnership with Rheinmetall to supply explosives and propellants for ammunition to the latter. Reliance Defence aims to be a reliable partner in the global defence and munitions supply chain, with a particular focus on Europe. It aims to be among the top three defence exporters in India in the next 12–24 months. The agreement aligns with Reliance Defence's strategic focus on expanding its international presence, with Europe identified as a key market for future growth, the company noted. Armin Papperger, chief executive officer, Rheinmetall AG, 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 Modi.' Reliance Defence will establish an integrated facility for the manufacturing of explosives, ammunition and small arms under the Dhirubhai Ambani Defence City (DADC) initiative. 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 company said. Rheinmetall AG is one of the world's largest defence conglomerates, with a market capitalisation of over €80 billion. It concluded the calendar year 2024 with an annual revenue of €9.8 billion from operations spanning 171 global locations. Earlier this month, Reliance Defence tied up with Germany-based Diehl Defence for the production of next-generation terminally guided munitions (TGM) in Ratnagiri. The facilities for the above-mentioned partnerships in Ratnagiri will be established with an investment of Rs 5,000 crore over the next five years, a company source stated. The company aims to fund 30 per cent of the investment via equity and the remaining 70 per cent through debt. The equity is likely to come from the company's internal cash accruals, the source added.
India.com
4 days ago
- Business
- India.com
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)
