Latest news with #CoastalMechanics
India.com
01-07-2025
- Automotive
- India.com
Another BIG move by Anil Ambani, ties up with…, taps India's Rs 200000000000…
Home Business Another BIG move by Anil Ambani, ties up with…, taps India's Rs 200000000000… Another BIG move by Anil Ambani, ties up with…, taps India's Rs 200000000000… After getting rid of debt for his many companies, now Anil Ambani is entering into big partnerships. Reliance Defence Limited, a subsidiary of Reliance Infrastructure Limited, announced on Monday that it has entered into a partnership with Coastal Mechanics Inc to collaboratively tap into India's defence maintenance, repair, overhaul (MRO), and upgrade market, valued at Rs 20,000 crore. Coastal Mechanics is a US Department of Defense authorised contractor. Reliance Infra On New Partnership Reliance Infrastructure in a statement said the partnership will focus on providing end-to-end MRO, upgrade, and lifecycle support solutions for the Indian armed forces, targeting a wide range of critical platforms such as 100+ Jaguar fighter aircrafts, 100+ MiG-29 fighter aircrafts, the fleet of Apache attack helicopters, L-70 air defence guns, and other legacy systems that require long-term sustainment and modernisation. The segment represents a high-value, long-duration opportunity driven by the Indian military's strategic shift from asset replacement to lifecycle extension and performance-based logistics, it added. Reliance Defence And Coastal Mechanics JV According to the statement, Reliance Defence and Coastal Mechanics will also set up a joint venture (JV) at MIHAN in Maharashtra to serve both the Indian market and export markets. This JV will provide complete MRO and upgrade services for various air and land defence platforms used by the armed forces, the statement added. Coastal Mechanics supplies critical components to the US Air Force and US Army. Formed in 1975, Coastal Mechanics Company is already a longtime active vendor supporting armament and defense obsolescence issues through the US Army/USAF FMS cases. (With Inputs From PTI) For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on
India Gazette
30-06-2025
- Automotive
- India Gazette
Reliance Infra partners with US-based Coastal Mechanics to tap defence MRO opportunity in India
Mumbai (Maharashtra) [India], June 30 (ANI): Reliance Infrastructure-promoted Reliance Defence on Monday announced a strategic agreement with Coastal Mechanics, a leading US Department of Defence-authorised contractor, to jointly address India's Rs 20,000 crore defence maintenance, repair, overhaul (MRO) and upgrade market opportunity. According to a statement from Reliance Infrastructure, Reliance Defence and Coastal Mechanics will focus on providing end-to-end Maintenance, Repair, Overhaul (MRO), upgrade, and lifecycle support solutions for the Indian Armed Forces, targeting a wide range of critical platforms such as 100+ Jaguar fighter aircrafts, 100+ MiG-29 fighter aircrafts, the fleet of Apache attack helicopters, L-70 air defence guns, and other legacy systems that require long-term sustainment and modernisation. The MRO segment represents a high-value, long-duration opportunity driven by the Indian military's strategic shift from asset replacement to lifecycle extension and performance-based logistics. Reliance Defence and Coastal Mechanics will also set up a Joint Venture (JV) at MIHAN in Maharashtra, to serve both the Indian market and export markets, the company statement said. This JV will provide complete Maintenance, Repair and Overhaul (MRO) and upgrade services for various air and land defence platforms used by the armed forces. Coastal Mechanics supplies critical components to the US Air Force and US Army. 'Its partnership with Reliance Defence brings world-class manufacturing capabilities and global certifications into India's aerospace ecosystem,' the company statement added. It said Reliance Defence aims to become one of India's top three defence exporters. 'The partnership represents a significant step in advancing the Government of India's 'Aatmanirbhar Bharat' and 'Make in India' initiatives, aimed at indigenising defence production and reducing reliance on imports,' added the Reliance Infrastructure statement. Reliance Group has two prominent companies under its umbrella, Reliance Infrastructure Limited and Reliance Power Limited. They are debt-free with zero outstanding loans from banks or financial institutions. Reliance Infrastructure Limited 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. (ANI)
United News of India
30-06-2025
- Automotive
- United News of India
Anil Ambani's Reliance Defence partners with Coastal Mechanics to tap Rs 20,000 cr MRO market
New Delhi, June 30 (UNI) Reliance Infrastructure Limited promoted Reliance Defence today announced a strategic agreement with Coastal Mechanics Inc. (CMI), a leading US Department of Defense authorised contractor, to jointly address India's Rs 20,000 crore defence Maintenance, Repair, Overhaul (MRO) and upgrade market opportunity. Reliance Defence and Coastal Mechanics will focus on providing end-to-end MRO, upgrade, and life cycle support solutions for the Indian Armed Forces, targeting a wide range of critical platforms such as 100+ Jaguar fighter aircraft, 100+ MiG-29 fighter aircraft, fleet of Apache attack helicopters, L-70 air defence guns, and other legacy systems that require long-term sustainment and modernisation, a statement said here today. The segment represents a high-value, long-duration opportunity driven by the Indian military's strategic shift from asset replacement to lifecycle extension and performance-based logistics. Reliance Defence and Coastal Mechanics will also set up Joint Venture (JV) at MIHAN in Maharashtra, to serve both the Indian market and export markets. This JV will provide complete MRO and upgrade services for various air and land defence platforms used by the armed forces. Coastal Mechanics supplies critical components to the US Air Force and US Army. Its partnership with Reliance Defence brings world-class manufacturing capabilities and global certifications into India's aerospace ecosystem. The partnership represents a significant step in advancing the Government of India's 'Aatmanirbhar Bharat' and 'Make in India' initiatives, aimed at indigenising defence production and reducing reliance on imports, the statement added.
Hindustan Times
30-06-2025
- Business
- Hindustan Times
Reliance Defence, US firm to explore ₹20,000-crore maintenance, repair market
Jun 30, 2025 05:22 PM IST Reliance Defence Limited, promoted by Anil Ambani, on Monday announced an agreement with US firm Coastal Mechanics to jointly explore opportunities in India's ₹ 20,000-crore defence maintenance, repair, overhaul (MRO) and upgrade market. Anil Ambani. (Reuters File) 'Reliance Defence and Coastal Mechanics will focus on providing end-to-end MRO, upgrade, and lifecycle support solutions for the Indian armed forces, targeting a wide range of critical platforms such as 100+ Jaguar fighter aircraft, 100+ MiG-29 fighter aircraft, the fleet of Apache attack helicopters, L-70 air defence guns, and other legacy systems that require long-term sustainment and modernization,' the company said. The segment represents a high-value, long-duration opportunity driven by the Indian military's strategic shift from asset replacement to lifecycle extension and performance-based logistics, it added. The two firms will also set up a joint venture at Nagpur to serve both Indian and export markets. The development comes days after French aircraft maker Dassault Aviation and Reliance Aerostructure Limited announced their partnership to build the Falcon 2000LXS business jets in India, outside France for the first time. The agreement to build the luxury planes at Nagpur for the global market was signed at the Paris Air Show. The maiden flight of the first Made-in India jet will take place by 2028 from the Dassault Reliance Aerospace Ltd (DRAL) facility in Nagpur.
India.com
30-06-2025
- Automotive
- India.com
Another BIG move by Anil Ambani as Reliance Defence partners with US-based defense contractor to...
Anil Ambani (File) In another significant move by Reliance Group Chairman Anil Ambani, Reliance Defence– a subsidiary of Reliance Infrastructure, has partnered with Coastal Mechanics, a leading US Department of Defence-authorised contractor, to jointly address India's Rs 20,000 crore defence maintenance, repair, overhaul (MRO) and upgrade market opportunity. How Reliance Defence's partnership with Coastal Mechanics will aid Indian armed forces? As per an official press release issued by Reliance Infra, the 'strategic partnership' between Reliance Defence and Coastal Mechanics will focus on providing end-to-end Maintenance, Repair, Overhaul (MRO), upgrade, and lifecycle support solutions for the Indian Armed Forces, targeting a wide range of critical platforms such as 100+ Jaguar fighter aircrafts, 100+ MiG-29 fighter aircrafts, the fleet of Apache attack helicopters, L-70 air defence guns, and other legacy systems that require long-term sustainment and modernisation. The two companies will also set up a Joint Venture (JV) at MIHAN in Maharashtra, to serve both the Indian market and export markets, the release said, adding the joint venture will provide complete Maintenance, Repair and Overhaul (MRO) and upgrade services for various air and land defence platforms used by the Indian armed forces. 'Coastal Mechanics supplies critical components to the US Air Force and US Army. Its partnership with Reliance Defence brings world-class manufacturing capabilities and global certifications into India's aerospace ecosystem,' it said. How Anil Ambani aims to make Reliance Defence a top defence exporter? Meanwhile, Anil Ambani-led Reliance Infrastructure reiterated its aim of making Reliance Defence one of India's top three defence exporters. 'The partnership represents a significant step in advancing the Government of India's 'Aatmanirbhar Bharat' and 'Make in India' initiatives, aimed at indigenising defence production and reducing reliance on imports,' the release added. Reliance Infrastructure Limited and Reliance Power Limited are the two main companies of the Anil Ambani-led Reliance Group, which are completely debt-free with zero outstanding loans from banks or financial institutions. Reliance Infrastructure Limited 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.
