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India.com
4 days ago
- 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.'
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Business Standard
5 days ago
- 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.
India.com
21-06-2025
- Business
- India.com
‘A proud moment…': This is what Amitabh Bachchan says for Mukesh Ambani's brother Anil Ambani as Reliance Infrastructure to make business jets with…
'A proud moment…': This is what Amitabh Bachchan says for Mukesh Ambani's brother Anil Ambani as Reliance Infrastructure to make business jets with… Anil Ambani's company Reliance Infrastructure recently announced a partnership between French aircraft manufacturer Dassault Aviation and Reliance Aerostructure Limited to manufacture Falcon 2000 business jets in India. This development has made Bollywood veteran actor Amitabh Bachchan happy. He took to Instagram and showered praises on the company. What Did Amitabh Bachchan Say On The Partnership? Actor Amitabh Bachchan celebrated the partnership between Reliance Infrastructure and France's Dassault Aviation. As per the agreement, both the companies will manufacture Falcon 2000 business jets in Nagpur. Bachchan took to his Instagram page and wrote, 'A proud moment.. Congratulations… Jai Hind.' Falcon 2000 Jets Will Be Manufactured In India Dassault is going to set up the final assembly line of Falcon 2000 jets in Nagpur. Notably, this is the first time these business jets will be manufactured outside France. The company is planning to deliver the first Made in India Falcon to the corporate and military sectors by 2028. With this major development, India has joined the group of countries along with the US, France, Canada and Brazil that produce business jets for global markets. Final assembly line will be set up in Nagpur The announcement was made at the Paris Air Show along with Dassault Reliance Aerospace Limited's (DRAL) plan to set up a final assembly line in Nagpur. The facility will become a global centre of excellence for the Falcon series, including the assembly programmes for the future Falcon 6X and Falcon 8X jets. Commitment to 'Make in India' and 'Atmanirbhar Bharat' Reliance Group Founder Chairman Anil Ambani and Dassault Aviation Chairman and CEO Eric Trappier said that this agreement reflects the French company's 'Make in India' commitments. Ambani said that this partnership is a strong testimony to Prime Minister Narendra Modi's 'Atmanirbhar Bharat' and 'Make in India for the World' vision. Advanced Production Process And Increased Employment The fuselage of the aircraft, such as Falcon 8X and Falcon 6X front, including the assembly of the Falcon 2000 fuselage, wings, and front section, transferred to DRAL. DRAL is a joint venture formed in 2017, has manufactured more than 100 Falcon 2000 sub-sections so far from its facility in Nagpur. The new assembly line will increase its capacity and recruit several hundred engineers and technicians in the next 10 years. Reliance Defence's New Deal Reliance Defence and Diehl Defence have partnered in a ₹100 billion agreement to manufacture Vulcano 155mm precision-guided munitions in India. This advanced artillery system is capable of long-range, highly accurate strikes.
Mint
19-06-2025
- Business
- Mint
Reliance Infra share price jumps 5% on deal with Rafale jet maker Dassault Aviation, promoter stake raise
Reliance Infra share price surged as much as 5 per cent in Thursday's trading session to ₹ 404 apiece on the NSE after the company announced a strategic partnership with French aerospace major Dassault Aviation, and promoter Risee Infinity Private Limited acquired an additional stake in the company. Anil Ambani-led company shares opened at ₹ 309.50, as compared to the previous close of ₹ 386.50. Reliance Infra stock has given significant gains to its investors by soaring over 44 per cent in a month and nearly 37 per cent in six months despite a volatile Indian stock market. In an exchange filing dated June 18, the company announced that its promoters have acquired an additional 12,500,000 equity shares, which is a 2.55 per cent stake in the Anil Ambani-led company by way of conversion of warrants. Risee Infinity Private Limited, Reliance Project Ventures and Management Private Limited, Shri Anil D Ambani, Reliance Innoventures Private Limited, Smt. Tina A Ambani, Shri Jai Anmol A Ambani, Shri Jai Anshul A Ambani and Smt. Kokila D Ambani, were the acquirers or persons acting in concert (PAC). Reliance Infra's subsidiary company Reliance Aerostructure, will partner with Dassault to produce Falcon 2000 business jets domestically in India. This is the first instance where Dassault will assemble its Falcon aircraft outside of France. With this milestone, India becomes one of the few countries—alongside the US, France, Canada, and Brazil—that produce business jets for international markets. The first Falcon 2000 aircraft manufactured in India is anticipated to be ready by 2028, designed to meet both corporate and military requirements. Unveiled at the Paris Air Show, the agreement entails establishing a final assembly line at Dassault Reliance Aerospace Limited (DRAL) in Nagpur, Maharashtra. This facility will act as a global centre of excellence for the Falcon series and is also expected to support future assembly projects for the Falcon 6X and 8X models. Under the agreement, Dassault Reliance Aerospace Limited (DRAL)—a joint venture between Dassault and Reliance Aerospace—will set up a cutting-edge final assembly line for the Falcon 2000 aircraft in Nagpur, Maharashtra. This facility will also serve as a Centre of Excellence (CoE) for Dassault's Falcon series, supporting future assembly programmes for models like the Falcon 6X and Falcon 8X.
Mint
19-06-2025
- Business
- Mint
Reliance Infra share price jumps 5% on partnership with Rafale jet manufacturer Dassault Aviation
Reliance Infra share price surged as much as 5 per cent in Thursday's trading session to ₹ 404 apiece on NSE after the company announced strategic partnership with French aerospace major Dassault Aviation. Anil Ambani-led company shares opened at ₹ 309.50, as compared to previous close of ₹ 386.50. Reliance Infra stock has given significant gains to its investors by soaring over 44 per cent in a month and nearly 37 per cent in six months despite volatile market. Reliance Infra's subsidiary company Reliance Aerostructure, will partner with Dassault to produce Falcon 2000 business jets domestically in India. This is the first instance where Dassault will assemble its Falcon aircraft outside of France. With this milestone, India becomes one of the few countries—alongside the US, France, Canada, and Brazil—that produce business jets for international markets. The first Falcon 2000 aircraft manufactured in India is anticipated to be ready by 2028, designed to meet both corporate and military requirements. Unveiled at the Paris Air Show, the agreement entails establishing a final assembly line at Dassault Reliance Aerospace Limited (DRAL) in Nagpur, Maharashtra. This facility will act as a global centre of excellence for the Falcon series and is also expected to support future assembly projects for the Falcon 6X and 8X models. Under the agreement, Dassault Reliance Aerospace Limited (DRAL)—a joint venture between Dassault and Reliance Aerospace—will set up a cutting-edge final assembly line for the Falcon 2000 aircraft in Nagpur, Maharashtra. This facility will also serve as a Centre of Excellence (CoE) for Dassault's Falcon series, supporting future assembly programmes for models like the Falcon 6X and Falcon 8X. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
