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Anil Ambani unveils masterplan to rule the skies, to invest Rs 100000000000 for development of...
Anil Ambani unveils masterplan to rule the skies, to invest Rs 100000000000 for development of...

India.com

time6 days ago

  • Business
  • India.com

Anil Ambani unveils masterplan to rule the skies, to invest Rs 100000000000 for development of...

Anil Ambani (File) In yet another significant business move, Anil Ambani-led Reliance Defence has announced a Rs 10,000 crore investment in the aerospace manufacturing sector to fund its ambitious project of launching the first 'Made in India' commercial aircraft by 2028. The Reliance Group company has partnered with French aerospace giant Dassault Aviation to manufacture the Falcon 2000 LXS Business Executive Jets in India for the global market. This will mark the first instance when Dassault will build the Falcon 2000 jets outside France What is the Reliance-Dassault deal? According to official details, Reliance Defence, a subsidiary of Anil Ambani-led Reliance Infrastructure, has partnered with Dassault Aviation to manufacture the Falcon 2000 LXS Business Executive Jets in India for the global market. Anil Ambani-led Reliance Aerostructure and Dassault Aviation launched DRAL as a joint venture in 2017, and established a state-of-the-art manufacturing facility in Mihan, Nagpur, marking the start of operations. Since 2017, 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 an official 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.' How Anil Ambani plans to make India an aerospace manufacturing hub? Dassault Aviation– primarily known for its Rafale fighter jets which are operated by the Indian Air Force (IAF)– termed the agreement with Reliance Aerostructure Limited (RAL), another subsidiary of Anil Ambani's Reliance Infrastructure Ltd, as an 'epic moment' for India, who will join an elite club of countries that manufacture next-generation business jets, including the United States, France, Canada and Brazil. According to experts, the Reliance-Dassault deal would established India as a major player in the global aerospace manufacturing industry. In a statement, Reliance Defence MD and CEO Rajesh Dhingra said the company aims to transform India into a major aerospace manufacturing hub in the next five years. Commenting on the deal, Anil Ambani asserted that the collaboration reflects the Reliance Group's 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 Reliance Group Chairman said.

Anil Ambani beats Mukesh Ambani, to invest Rs 100000000000 in development of..., to see results in...
Anil Ambani beats Mukesh Ambani, to invest Rs 100000000000 in development of..., to see results in...

India.com

time12-07-2025

  • Business
  • India.com

Anil Ambani beats Mukesh Ambani, to invest Rs 100000000000 in development of..., to see results in...

Mukesh Ambani and Anil Ambani (File) In a significant move by Anil Ambani aimed at providing a major boost to aerospace manufacturing in India, Reliance Defence has announced a Rs 10,000 crore investment in the sector to fund its ambitious project of launching the first 'Made in India' commercial aircraft by 2028. How Anil Ambani plans to raise funds? According to details, Reliance Defence, a subsidiary of Anil Ambani-led Reliance Infrastructure, has partnered with French aerospace giant Dassault Aviation to manufacture the Falcon 2000 LXS Business Executive Jets in India for the global market. A portion of the investment will be raised by Reliance Infra, the parent company of Reliance Defence, which is planning to raise about Rs 17,600 crore through equity shares, institutional placement and foreign currency bonds, in addition to funneling capital funds from the monetization of nine road projects. In a statement, Reliance Defence MD and CEO Rajesh Dhingra said the company aims to transform India into a major aerospace manufacturing hub in the next five years. Why DRAL Nagpur will play a key role? As per an official release, Dassault Aviation– primarily known for its Rafale fighter jets which are operated by the Indian Air Force (IAF)– termed the agreement with Reliance Aerostructure Limited (RAL), a subsidiary of Anil Ambani's Reliance Infrastructure Ltd, as an 'epic moment' for India, who now joins an elite club of countries manufacturing next-generation business jets after the United States, France, Canada and Brazil. This will be the first instance when Dassault will build the Falcon 2000 jets outside France. The company said that its Dassault Reliance Aerospace Limited (DRAL) at Mihan in Nagpur, Maharashtra, will be the Centre of Excellence (CoE) outside of France for Dassault Aviation's Falcon series, including the Falcon 6X and Falcon 8X programs. The first flight of the 'Made in India' Falcon 2000 is expected to take place from the DRAL Facility by 2028, it said. Dassault to transfer Falcon 2000 assembly to DRAL According to 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 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,' said Eric Trappier, Chairman and CEO, Dassault Aviation. The release termed the deal as a 'landmark initiative', which 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,' it added. What is the Dassault-Reliance deal? Anil Ambani-led Reliance Aerostructure and Dassault Aviation launched DRAL as a joint venture in 2017, and established a state-of-the-art manufacturing facility in Mihan, Nagpur, marking the start of operations. Since 2017, 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.'

Reliance Defence plans ₹10,000-cr aerospace push, eyes 2028 jet launch
Reliance Defence plans ₹10,000-cr aerospace push, eyes 2028 jet launch

Business Standard

time11-07-2025

  • Business
  • Business Standard

Reliance Defence plans ₹10,000-cr aerospace push, eyes 2028 jet launch

Anil Ambani-led Reliance Defence Ltd is making a major push into the aerospace sector with a ₹10,000-crore investment planned over the next decade. The company aims to manufacture India's first homegrown commercial aircraft by 2028, Mint reported. Reliance Defence, which handles the aviation and munitions business of Reliance Infrastructure Ltd, will partly fund the investment through capital raised by Reliance Infra. The parent company plans to secure ₹17,600 crore via preferential share placements, sales to institutional investors, and foreign currency bonds. It also hopes to monetise nine of its road projects, the news report said. 'That's the kind of roadmap we have ahead of us to be a global player. So five years from today, I think we would be in a position where we would be an integral part of the global aerospace domain,' said Rajesh Dhingra, MD and CEO of Reliance Defence, in an interview with Mint. 'Made in India' falcon jets Reliance Aerostructure Ltd, a subsidiary of Reliance Defence, is assembling Dassault Aviation's Falcon 2000 jets in Nagpur through a joint venture — Dassault Reliance Aerospace Ltd (DRAL). The venture, with a 51.49 ownership split, marks the first time Dassault is manufacturing aircraft outside France. As part of the agreement, the existing joint venture between the partners — Dassault Reliance Aerospace Ltd (DRAL) — will set up a cutting-edge final assembly line for the Falcon 2000 aircraft at MIHAN in Nagpur, Maharashtra. In addition, DRAL will be upgraded to function as a global Centre of Excellence (CoE) for all Falcon models, including the ultra-long-range Falcon 6X and the three-engine Falcon 8X. In a joint statement, the companies said, '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'. Strategic global partnerships Reliance Defence is also working with French avionics giant Thales SA in another joint venture — Thales Reliance Defence Systems. The venture supports Thales in upgrading aircraft like the Mirage 2000 and in setting up logistics hubs for Rafale bases, the news report said. With defence production expected to rise to ₹3 trillion by 2028-29, Indian firms like Tata, Mahindra, and Bharat Forge are also investing in aerospace. Though Reliance Defence has yet to win Indian defence contracts, it is working with HAL and Genesis Aerosystems to upgrade Dornier aircraft. After upgrading 37 planes, it has orders for 18 more and expects further contracts covering over 800 legacy defence aircraft and helicopters.

Anil Ambani's Reliance Infra sets eyes on global aerospace with a  ₹10,000-cr purse and India's first commercial aircraft
Anil Ambani's Reliance Infra sets eyes on global aerospace with a  ₹10,000-cr purse and India's first commercial aircraft

Mint

time11-07-2025

  • Business
  • Mint

Anil Ambani's Reliance Infra sets eyes on global aerospace with a ₹10,000-cr purse and India's first commercial aircraft

Anil Ambani's Reliance Defence Ltd plans to invest ₹10,000 crore in the aerospace business over the next decade, even as it prepares for India's first locally made commercial aircraft to take to the skies in about three years. Reliance Defence houses the aviation and munitions business of Reliance Infrastructure Ltd, a listed company. Part of its investment would be funded by Reliance Infra raising capital through preferential placement of shares, sale of shares to institutional buyers, and placement of foreign currency bonds—adding up to ₹17,600 crore. Reliance Infra also hopes to monetize nine road projects in its overall portfolio. 'That's the kind of roadmap we have ahead of us to be a global player. So five years from today, I think we would be in a position where we would be an integral part of the global aerospace domain," said said Rajesh Dhingra, managing director and chief executive of Reliance Defence, in an exclusive interview with Mint. He also said a 'Made in India' Falcon 2000 commercial jet is expected to fly by 2028. Reliance Aerostructure Ltd, a unit of Reliance Defence, is assembling French company Dassault Aviation SA's Falcon 2000 series jets in Nagpur as part of a 51:49 joint venture called Dassault Reliance Aerospace Ltd (DRAL). The jets will be the first Dassault aircraft to be made outside France. 'Dassault's approval for making its aircraft in India is a recognition of the capabilities and contribution of Reliance Defence," said Dhingra. 'It will also mark a proud moment for India as it will be among the few countries in the world to have the capabilities to manufacture a commercial aircraft." The aircraft will be put together from two new hangars that are being built, said Dhingra. This will double DRAL's manufacturing footprint to 400,000 and allow it to assemble 22 aircraft every year. Currently, the company is working on the most difficult sub assembly of the aircraft —the wheels—in addition to several other large and small components it assembles for both Falcon 2000 commercial jets and Dassault Rafale fighter jets. Reliance Infra's turnaround Reliance Group's increasing focus on the aerospace business coincides with Anil Ambani-led companies finding favour with investors. Reliance Infrastructure shares have surged by nearly 87% over the past 12 months. The company swung to a consolidated profit after tax of ₹9,177 crore in 2024-25 from a loss of ₹1,609 crore in FY24, although this was aided by a one-time exceptional income. It has also significantly reduced debt, giving it leeway to invest in new businesses such as defence and aviation. Reliance Infrastructure's association with Dassault began in 2017 after the Indian government placed an order to buy Rafale fighter jets for the Indian Air Force. Dassault was expected to localise some of its manufacturing operation in India as part of the deal, resulting in the joint venture with Reliance Aerostructure. Another joint venture, Thales Reliance Defence Systems, with French avionics company Thales SA, was also formed to make more aerospace parts in India. Thales holds a 51% stake in the venture. Reliance Defence sees itself eventually becoming a systems integrator in the aviation business on the lines of US-based Boeing Co. and Lockheed Martin Corp. and the Netherlands-headquartered Airbus SE, said Dhingra. Although all that Reliance Defence produces currently is exported to Dassault or Thales, Dhingra expects to engage further with the French companies to grow the business. The scope of the joint venture with Thales has been expanded to include establishing a logistics hub for the French company in the main air bases where the Rafales jets are housed. The joint venture is also helping Thales in upgrading systems in other fighter planes like Dassault Mirage 2000. Dhingra is confident of Reliance Defence doing more business with Dassault beyond the Falcon series given the growing association between the companies as more Indian personnel from the Dassault Reliance Aerospace joint venture are being deputed to work in France. 'What is key here is that our operations in the joint ventures are not India-specific, and to that extent the components that we make here are already finding their way into Dassault's aircraft sold around the world," he said. A push for 'Make in India' Industry experts see Dassault Reliance Aerospace's success paving the way for more global companies to outsource aerospace manufacturing and services to India as they look to diversify away from China. 'If successfully implemented, this initiative could establish India as a reputable aerospace centre, serving not only domestic markets but also participating in global supply chains," said Monish G. Chatrath, managing partner, MGC Global Risk Advisory. 'China has a market-access-driven model and India provides a more open and intellectual property-respecting ecosystem, establishing itself as a reliable foundation for long-term aerospace collaboration," he added. India's defence production is projected to double from ₹1.27 trillion in 2023-24 to ₹3 trillion by 2028-29, according to statistics released by the government. The increase in India's defence budget from ₹2.53 trillion in 2013-14 to ₹6.81 trillion in 2025-26 also underlines the growing opportunity in the sector. Rising demand in domestic and international defence and aerospace markets has attracted several Indian private companies to invest in the space. Apart from Reliance Defence, Pune-based Bharat Forge Ltd, the Tata Group and Mahindra Group have also outlined similar plans. Tata Group companies have invested in aerospace manufacturing and artillery while Bharat Forge has secured orders for its artillery from the Indian Army. Both Tata Advanced Systems Ltd and Bharat Forge have won orders from India's defence ministry for artillery guns and gun-towing systems. Although Reliance Defence has not won any orders from the Indian government or the Air Force, it expects to eventually play a bigger role in the domestic industry, focusing on aerospace and artillery, Dhingra said. The company has taken early steps in that direction by tying up with state-owned Hindustan Aeronautics Ltd to upgrade Germany-based Dornier Group GmbH's aircraft. Although Reliance Defence has tied up with US-based Genesis Aerosystems to carry out the job, Dhingra said it was rare for a company that's not an original equipment manufacturer to be tasked with the upgradation of an aircraft. After the first phase in which 37 Dornier aircraft were upgraded, Reliance Defence has received an order for upgrading another 18 aircraft. With a total 250 Dorniers in service, Reliance Defence is expecting orders for upgrading another 50-60 aircraft this year. Dhingra is also expecting upgradation orders from India's defence fleet of over 800 legacy aircraft and helicopters.

Anil Ambani's comeback playbook: The bold sectoral pivot turning heads on D-Street
Anil Ambani's comeback playbook: The bold sectoral pivot turning heads on D-Street

Time of India

time07-07-2025

  • Business
  • Time of India

Anil Ambani's comeback playbook: The bold sectoral pivot turning heads on D-Street

Live Events The collapse: Insolvency of two major businesses The turnaround: Eyeing the future again For Ambani, Atmanirbharta in defence leads the show October 2024: Dhirubhai Ambani Defence City, Ratnagiri, to become India's largest private-sector greenfield defence manufacturing facility. Dhirubhai Ambani Defence City, Ratnagiri, to become India's largest private-sector greenfield defence manufacturing facility. June 8, 2025: ₹5,000 cr opportunity from HAL contract to upgrade 55 Dornier-228 aircraft over 7–10 years. ₹5,000 cr opportunity from HAL contract to upgrade 55 Dornier-228 aircraft over 7–10 years. Part of the Rafale PBL program, supporting long-term maintenance and logistics. June 10, 2025: ₹10,000 cr potential via Diehl Defence (Germany) JV to locally produce Vulcano 155 mm precision-guided munitions in Maharashtra. ₹10,000 cr potential via Diehl Defence (Germany) JV to locally produce Vulcano 155 mm precision-guided munitions in Maharashtra. June 19, 2025: Dassault Aviation (France) to manufacture Falcon 2000 business jets in India with Reliance—first-ever production outside France. Dassault Aviation (France) to manufacture Falcon 2000 business jets in India with Reliance—first-ever production outside France. June 25, 2025: Rs 600 cr export order from Rheinmetall (Germany) for explosives and propellants. Rs 600 cr export order from Rheinmetall (Germany) for explosives and propellants. June 30, 2025: ₹20,000 cr domestic MRO opportunity through new pact with Coastal Mechanics Inc. (USA) for defence maintenance and upgrades. Anil Ambani's full-stack green push 2.5 GWp solar + 2.5 GWh BESS total development pipeline — India's largest private integrated solar+storage capacity. December 2024: 930 MW solar + 1,860 MWh BESS SECI project secured by Reliance NU Suntech — Asia's largest solar-plus-storage project. May 28, 2025: 350 MW solar + 700 MWh BESS awarded in SJVN auction to Reliance NU Energies. May 19, 2025: 500 MW solar + 770 MW hydro JV with Bhutan's DHI — largest Indian private FDI in Bhutan's renewable energy sector. June 29, 2025: 1,500 MW gas-based project bids submitted in Kuwait, UAE, and Malaysia — using redeployed GE modules from India. June 29, 2025: Rs 2,000 crore asset monetisation potential from deploying two 750 MW gas modules abroad, as per PTI. Is it truly a grand return yet? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel For a decade, Anil Ambani , 66, was a case study in decline. Almost everyone in the market had written him off. Almost all his ventures had failed. But it seems fortune has started smiling on him again. He's fast becoming a compelling case study in corporate revival. And the resurgence is not going unnoticed. Dalal Street is responding in the past six months, two of his group companies, Reliance Power and Reliance Infrastructure , have seen market cap gains of 1.5x and 1.9x, respectively. Also, foreign institutional holdings have increased, and so has the group's project pipeline, which includes solar-plus-storage megaprojects and Rs 10,000 crore smart munitions contracts. More importantly, the companies are debt-free. Additionally, a Rs 17,600-crore capital raise is time, the junior Ambani scion is not returning with flashy statements; instead, he is making a structured pivot into sectors that India is actively betting on: green energy, defence production, and strategic infrastructure. In short, the rebranded group—Reliance Group India—is orchestrating one of the closely tracked turnaround stories of Dalal the momentum, the rally, and everything in between also come against the backdrop of some of India's biggest corporate collapses, with which Dhirubhai's youngest son is associated—Reliance Communications (RCom) and Reliance Capital, both of which are legacy companies of the original Reliance Anil Dhirubhai Ambani the question remains: Will the turnaround endure?Reliance Communications was valued at over Rs 1.68 lakh crore in January 2008 and was a key component of the benchmark BSE Sensex, representing the telecom ambitions of the early 2000s. It was India's first CDMA operator and had over 120 million subscribers during its by 2017, the company found itself overwhelmed by more than Rs 45,000 crore in debt. Regulatory dues, spectrum costs, and aggressive competition from new entrants, particularly Jio, forced RCom to shut its wireless downfall continued. In 2019, RCom filed for insolvency. Its assets were subsequently auctioned under the Insolvency and Bankruptcy Code (IBC). Jio acquired key spectrum assets from RCom, while Brookfield picked up its tower infrastructure. As of mid-2025, the insolvency process remains under review in the Supreme Court over adjusted gross revenue (AGR) for Reliance Capital, the financial services arm of the group, it saw a similar fate. Following defaults on bond repayments, it was placed under RBI-led resolution in 2021. Although the Hinduja Group was declared the winning bidder in 2023 for Rs 9,661 crore, legal disputes have delayed the twin collapses had drastically altered public perception of the group—from a future-looking one to one laden with the recent performance of the group companies Reliance Power and Reliance Infrastructure signals that the group's challenging phase may truly be behind Ambani is daring to face the future again, this time focusing on D-Street's favourites: defence and renewables. The pivot began in 2024, as the group quietly moved to ringfence operational companies, Reliance Infrastructure and Reliance Power, from legacy financial and telecom liabilities. By October 2024, both companies had declared themselves debt-free.'In September 2024, few could have anticipated the remarkable financial turnaround that would soon unfold,' the company said in a written response to ET Online. A clear and disciplined strategic vision is driving this resurgence. 'Reliance Group's strategic roadmap is centred on adopting asset-light, capital-efficient models designed to deliver superior returns on invested capital (ROIC) while maintaining financial flexibility. With a debt-free balance sheet and strong equity backing, Reliance Group is now fully focused on execution and value creation,' the company the scenes, the next generation of the Ambani family, Jai Anmol and Jai Anshul, have reportedly assumed operational and strategic roles. They joined the board of Reliance Infrastructure in October 2019 but stepped down within a year. Since then, they have been involved in debt-reduction initiatives and in securing new deals in defence and renewable energy. However, there's no public record yet confirming their direct involvement in the rebranding decision or earlier strategic the orderbook surging (see chart), the group has charted a Rs 17,600-crore fundraising plan over the next few part of this reset, the group has already raised Rs 4,500 crore through preferential allotments in Reliance Infrastructure and Reliance Power. It also secured Rs 7,100 crore in Foreign Currency Convertible Bonds (FCCBs) through a partnership with the global alternative investment firm Värde addition, a Rs 6,000-crore Qualified Institutional Placement (QIP) programme is being prepared to further strengthen the balance sheet. 'This diversified capital strategy, spanning preferential equity, FCCBs, and QIPs, reflects a disciplined approach to value creation, balancing short-term liquidity needs with long-term equity value enhancement,' stated the Anil Ambani-led these fundraising initiatives, group firm Reliance Infrastructure is planning to monetise its portfolio of nine toll road efforts have had a visible impact on the group's financial ratios. As of May 2025, Reliance Infrastructure's debt-to-equity ratio dropped sharply to 0.28x from 0.78x a year earlier. Similarly, Reliance Power brought its ratio down from 1.62 to 0.93 in the same period. As a result, Reliance Infrastructure's net worth increased to Rs 14,287 crore as of March 31, 2025, from Rs 8,428 crore a year earlier, while Reliance Power's net worth rose to Rs 16,337 crore as of March 31, 2025 from Rs 11,614 in a legal reprieve in June 2025 from the National Company Law Appellate Tribunal (NCLAT), which stayed insolvency proceedings against Reliance Infra, further boosted market sentiment and provided the group with additional headroom to execute its sectoral realignment.'Renewed investor interest in ADAG stocks in 2025 is being driven by a combination of strategic sectoral focus, debt reduction and legal relief,' said Vipin Singhal, Director, Anand Rathi Investment break it down Group India is betting big on defence manufacturing, positioning it as a key growth driver and a central pillar of its transformation story. According to the company, group firm Reliance Defence is targeting a Rs 50,000-crore export-addressable its response to ET, the company said that it is now aiming for Rs 3,000 crore in defence exports over the next two years, primarily through the export of 155 mm ammunition. In FY26 itself, it aims to generate Rs 1,500 crore from large-calibre far, Reliance Defence has recorded exports totalling Rs 100 crore from artillery ammunition and related aggregates in FY26. Additionally, a broader export pipeline of Rs 15,000 crore is also under development for the next three years, suggesting brighter group's chairman has said that the renewed focus on defence aligns closely with national priorities. 'Guided by the vision of 'Atmanirbhar Bharat' and 'Make in India' as championed by Prime Minister Narendra Modi, our ambition is clear—to position Reliance Defence among India's top three defence exporters,' said Anil Ambani, Chairman of the Reliance added, '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.'Although the contract pipeline is expanding, experts suggest that execution timelines and regulatory bottlenecks would be key factors to watch out for. 'Having secured long-term contracts in renewables and defence, the group has improved its financial performance. But execution will be key,' Anand Rathi's Singhal 2025, clean energy has emerged as one of the most sought-after themes, receiving substantial support on Dalal Street and within India's broader development agenda. Taking advantage of this shift, Reliance Group is expanding its role from a project developer to a full-spectrum participant, encompassing solar generation, battery storage, hydro, gas-based clean power, and now renewable equipment manufacturing.'In terms of renewable interest, asset managers are prioritising long-term clean energy plays. FII stake in Reliance Power has increased to ~13% in FY25 from ~7% in FY23, with market cap increasing to ~Rs 28,537 crore from ~Rs 17,273 crore (~1.65x in the past six months),' Singhal growing confidence among investors is supported by the group's proactive expansion into green energy infrastructure. Reliance Power has started working on a 2.5 GWp pipeline of utility-scale solar projects along with over 2.5 GWh of battery energy storage systems (BESS), which, the group says, will be completed over the next couple of years, positioning itself as India's largest private player in the integrated solar-plus-storage strategic capacity addition comes as India races to meet its 500 GW non-fossil fuel target by 2030, with the International Energy Agency (IEA) estimating that battery storage demand could exceed 175 GWh in the next five Infrastructure is also expected to spearhead the push into solar module and renewable hardware manufacturing. 'With Reliance Infrastructure's entry into solar equipment and battery manufacturing business, the Reliance Group will now cover the entire spectrum of renewable energy value chain, enabling the group to offer end-to-end solutions—from renewable energy equipment manufacturing to solar power generation,' the company had said in effort also comes as clean energy becomes a multi-player race. While peers like Adani Green, JSW Energy, and Reliance Industries are ramping up solar and wind assets, the Reliance Group says, 'It is betting on integrated execution, storage scalability, and regional partnerships,' expressing confidence in its differentiated approach.'India's vast renewable energy potential presents significant opportunities for multiple large-scale players. In the coming years, the sector is expected to be driven by at least five to six major participants working to achieve the country's ambitious renewable energy targets. Reliance Group is well-positioned to emerge as one of the leading players in the green energy space,' the group noted Institutional investors, who have historically remained cautious about the group, are beginning to take note of its recent strides in the clean energy space. 'While retail enthusiasm continues to drive short-term momentum, the scale and credibility of Reliance Group India's renewable wins are gradually attracting institutional interest, provided execution remains consistent and governance improves.'As cliché as it sounds, only time will tell whether this marks Anil Ambani's redemption arc and pays tribute to Dhirubhai's legacy. For now, the markets seem to be in favour. Shares of Reliance Infrastructure have surged more than 42% in just the past per Singhal, the rally demonstrates growing institutional confidence. The FII stake in Reliance Infrastructure has increased from 8% to 11% in recent quarters, while the market cap has grown from Rs 12,042 crore to Rs 16,360 crore, reflecting a 1.36x growth.'Market participants are viewing the Reliance Group India's strategic shift toward defence and renewable energy with cautious optimism, viewing it as a credible shift backed by tangible progress… A multi‑contract roadmap involving additional western OEMs could unlock re‑rating potential for Reliance Infra,' the Anand Rathi executive however, caution that the path ahead will test project execution, governance, and policy consistency. 'Defence and renewable projects are complex; investors do understand and appreciate the long gestation periods in such capital‑intensive stocks… execution plays a key role and is expected to be closely monitored by investors,' said Singhal, while noting that financial metrics reflect steady said, 'Having secured multiple long‑term contracts in the renewable and defence sectors, Reliance Group India companies have improved its financial performance… However, the medium‑term outlook hinges on successful execution of defence and renewable projects, continued debt reduction, and transparent governance.'Does the recent resurgence of Anil Ambani mark the beginning of a lasting comeback story—a phoenix rise from the ashes? It's too early to say.

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