Latest news with #RelianceDefence
India.com
2 days ago
- Business
- India.com
Anil Ambani hits JACKPOT as shares of this Reliance Group company hit 52-week high, the firm is...
Anil Ambani (File) In another major win for Reliance Group boss Anil Ambani, the shares of Reliance Infrastructure Limited– one of the group's most-successful companies– hit their 52-week high on Thursday, surging to Rs 424, an increase of 4.93 percent. According to market data, Reliance Infra stock jumped 3.33 percent to settle at Rs 417.50 on the BSE, and climbed 3.29 per cent to Rs 418 at the NSE. During the day, Reliance Infra shares surged 4.93 percent to hit the 52-week high of Rs 424, day after the stock climbed 4.98 per cent. The boom in stock prices of Anil Ambani-led Reliance Infrastructure comes amid the company's announcement that its subsidiary, Reliance Defence Ltd, had secured a a Rs 600-crore export order from German defence and ammunition manufacturer Rheinmetall Waffe Munition GmbH. Reliance Defence inks Rs 600 crore deal with German arms maker In May, Anil Ambani-led Reliance Defence signed a deal 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 Infra shares have jumped over 42 percent in the last one month. '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,' according to a statement issued by the company on Wednesday. Reliance Defence aims to be among the country's top three defence exporters, and the order represents a key milestone in its strategy to strengthen its position as a reliable partner in the global defence and ammunition supply chain, with a particular focus on Europe. Reliance Infra partners with Dassault Aviation Meanwhile, Reliance Infrastructure has also partnered with French aerospace giant Dassault Aviation to manufacture the Falcon 2000 LXS Business Executive Jets in India for the global market. In 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. Commenting on the historic 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'.'
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)
Economic Times
3 days ago
- Business
- Economic Times
Reliance Defence secures 600cr export order from Rheinmetall Germany
Agencies Reliance Defence secures export order (Representational Image) Reliance Defence secured Rs 600 crore worth of export order from Germany's leading defence manufacturer RheinmetallWaffe Munition its recently announced strategic partnership with Rheinmetall, this order is one of the largest contracts in the high-tech ammunition domain. This partnership represents a defining milestone for the country's private defence manufacturing sector, said Anil Ambani, Founder Chairman of the Reliance Group. 'The strategic partnership with Rheinmetall brings cutting-edge capabilities to India and represents a defining milestone for the country's private defence manufacturing 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, said Ambani. '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," said Armin Papperger, CEO of Rheinmetall AG while announcing the collaboration. This collaboration aims to strengthen India's indigenous defence manufacturing capabilities. Reliance Infrastructure Limited promoted, Reliance Defence Limited aims to be amongst top three Defence exporters in the country.
Economic Times
3 days ago
- Business
- Economic Times
A windfall is coming for India's surging defence exports
TIL Creatives Indian defence stocks are surging following NATO's announcement to increase defence spending The stock market movement today could be a signifier of big things in store for India's defence export companies. Defence stocks such as Sika Interplant Systems, Data Patterns, BEL and BEML rose up to 5% on Thursday morning. The trigger was a NATO announcement. India's defence sector, once considered heavily import-dependent, is now emerging as a credible global supplier. In recent years, a series of policy reforms, investments and growing industrial capabilities have propelled Indian defence exports to new highs. Now, a windfall is taking shape which can boost India's defence exports further. NATO has announced at the recent summit in The Hague to increase member nations' defence spending to 5% of GDP by 2035. The convergence of NATO's spending surge, Europe's quest for strategic autonomy and India's growing defence manufacturing capability has created a rare alignment of interest and opportunity. For Indian defence manufacturers, the coming decade may well mark a transformational phase, one that could redefine the country's role in global military supply chains. Reliance Defence has secured Rs 600 crore worth of export order from Germany's leading defence manufacturer Rheinmetall Waffe Munition GmbH. Following its recently announced strategic partnership with Rheinmetall, this order is one of the largest contracts in the high-tech ammunition domain. Reliance will supply ammunition like artillery shells and explosives from a new facility to be set up in Maharashtra. The deal comes after Reliance Defence's joint ventures with Dassault Aviation and Thales of France. Recently, Reliance Defence, a subsidiary of Reliance Infrastructure, also entered into a strategic cooperation agreement with Germany's Diehl Defence. The partnership will focus on the local production of the Vulcano 155mm precision-guided munition system, an advanced artillery shell designed for long-range, high-accuracy strikes. Reliance Defence deal with Rheinmetall could be a precursor of a windfall as Europe's planned hike in defence spending will offer more opportunities for Indian defence manufacturers, especially for supply of sub-systems, components, ammunition and other equipment as well as joint projects. NATO's move stems from a growing recognition of geopolitical volatility and strategic vulnerability. Russia's war in Ukraine has exposed the military deficiencies of several European nations and underscored their dependency on the US for security guarantees and military equipment. As a result, the alliance is now aiming for deeper self-reliance and rapid capacity enhancement. Raising defence spending to 5% of GDP is not just symbolic; it translates to hundreds of billions of dollars in additional defence outlay annually across NATO members. Meeting this demand through existing supply chains will be challenging, especially in Europe, where defence manufacturing capacity is limited, and workforce shortages are adding momentum to this shift is the Draghi report on EU competitiveness. Authored by former ECB President Mario Draghi, the report calls for a comprehensive revitalisation of Europe's industrial capacity, with a strong emphasis on achieving strategic autonomy in the defence sector. Crucially, it recommends reducing the EU's reliance on the US for defence imports and instead investing more within building up this capacity will take years, and in the interim, the EU will need reliable, cost-effective external partners to bridge the gap. India, with its increasingly advanced defence manufacturing capabilities and growing diplomatic ties with Europe, is uniquely positioned to fill this role. Moreover, an expanded defence manufacturing base in Europe will also need component suppliers which can be an opportunity for India's growing defence industrial base with a large number of small and big private players. Amidst a push for 'Atmanirbhar Bharat', India's defence exports reached a record high of Rs 23,622 crore (approximately $2.76 billion) in the last financial year 2024-25. Compared to the previous fiscal year's figure of Rs 21,083 crore, this represents an increase of Rs 2,539 crore, equivalent to a 12.04% growth. As per the Ministry of Defence (MoD), India already exports to around 80 countries and aims for Rs 50,000 crore in exports by 2029, strengthening its global defence manufacturing footprint. Compared to a revenue of Rs 686 crore in FY 2013-14, the FY 2024-25 number of Rs 23,622 crore is a 34 times increase, as per the export performance of Defence Public Sector Undertakings (DPSUs) has demonstrated substantial improvement with a 42.85% increase in FY 2024-25, indicating strong international acceptance of Indian defence products and the sector's capability to integrate into global supply networks, as per the MoD. In FY 2024-25, private sector contributions amounted to Rs 15,233 crore, whilst DPSUs generated Rs 8,389 crore in exports. These figures show an improvement from FY 2023-24, when private sector exports stood at Rs 15,209 crore and DPSU exports at Rs 5,874 government has implemented numerous policy changes in recent years to strengthen India's defence sector, MoD said. These include streamlining industrial licensing processes, deregulating components from licensing requirements, and lengthening license validity periods. Furthermore, during the previous financial year, the Standard Operating Procedure for export authorisation underwent simplification, with additional provisions introduced to enhance the country's export capabilities. You Might Also Like: What does NATO's 5% spending deal really mean? Public sector companies such as Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL) have been at the forefront, but the private sector is rapidly catching up. The entry of major conglomerates like Larsen & Toubro, Tata Advanced Systems and Reliance Defence has created a dynamic and competitive ecosystem. India's defence sector is poised for substantial growth amid global shifts, according to a recent report by brokerage firm Nuvama. Defence exports are expected to reach Rs 203 billion in FY25, with a government target of Rs 500 billion by FY29. European defence orders could begin flowing as early as the first half of FY26, marking a major milestone for the sector. Given Europe's manufacturing constraints, Indian defence companies are well-positioned to capitalize on rising export opportunities. Europe's limited local manufacturing capacity and workforce shortages are opening doors for Indian defence manufacturers to step in. "Europe's defence expansion is constrained by limited local manufacturing capacity and skilled workforce shortages, especially in aerospace and missile supply chains. As a result, European nations are increasingly looking at partnerships and collaborations with Indian defence manufacturers," Nuvama said. This creates an environment where Indian defence manufacturers can step in, not just as low-cost suppliers but as serious contributors to high-tech systems and platforms too. India's competitive advantage lies in its cost structure, manufacturing capacity and rapidly maturing technological base. Its large, skilled workforce and expanding industrial infrastructure give it the scalability that many European countries currently lack. Furthermore, India's recent advances in defence R&D, ranging from the Tejas light combat aircraft and BrahMos missiles to UAVs and naval systems, have increased its credibility as a supplier of complete solutions, not just parts. This opportunity is as much geopolitical as it is commercial. India is seen as a neutral, democratic and increasingly strategic partner by many European nations. Unlike imports from China or Russia, Indian defence exports come with fewer political strings and are more acceptable in terms of values and alignment. This strategic trust could lead to deeper cooperation beyond simple exports, including co-development initiatives, joint ventures and technology partnerships in critical sectors such as artificial intelligence, cyber warfare, electronic systems and autonomous the road ahead is not without challenges. Indian firms must meet stringent NATO quality standards and ensure timely deliveries, especially in an industry where reliability is paramount. Regulatory bottlenecks, such as export licensing and customs clearances, need to be streamlined further. The government's continued support in terms of policy clarity, R&D funding, and export facilitation will be critical. Additionally, India must focus on moving up the value chain -- from supplying components and subsystems to offering full-fledged platforms and integrated systems.
Time of India
3 days ago
- Business
- Time of India
A windfall is coming for India's surging defence exports
The stock market movement today could be a signifier of big things in store for India's defence export companies. Defence stocks such as Sika Interplant Systems, Data Patterns, BEL and BEML rose up to 5% on Thursday morning. The trigger was a NATO announcement. India's defence sector, once considered heavily import-dependent, is now emerging as a credible global supplier. In recent years, a series of policy reforms, investments and growing industrial capabilities have propelled Indian defence exports to new highs. Now, a windfall is taking shape which can boost India's defence exports further. NATO has announced at the recent summit in The Hague to increase member nations' defence spending to 5% of GDP by 2035. The convergence of NATO's spending surge, Europe's quest for strategic autonomy and India's growing defence manufacturing capability has created a rare alignment of interest and opportunity. For Indian defence manufacturers, the coming decade may well mark a transformational phase, one that could redefine the country's role in global military supply chains. Reliance deal is a precursor of a windfall Reliance Defence has secured Rs 600 crore worth of export order from Germany's leading defence manufacturer Rheinmetall Waffe Munition GmbH. Following its recently announced strategic partnership with Rheinmetall, this order is one of the largest contracts in the high-tech ammunition domain. Reliance will supply ammunition like artillery shells and explosives from a new facility to be set up in Maharashtra. The deal comes after Reliance Defence's joint ventures with Dassault Aviation and Thales of France. Recently, Reliance Defence, a subsidiary of Reliance Infrastructure , also entered into a strategic cooperation agreement with Germany's Diehl Defence. The partnership will focus on the local production of the Vulcano 155mm precision-guided munition system, an advanced artillery shell designed for long-range, high-accuracy strikes. Live Events You Might Also Like: Reliance Defence secures Rs 600 cr export order from Rheinmetall Germany Reliance Defence deal with Rheinmetall could be a precursor of a windfall as Europe's planned hike in defence spending will offer more opportunities for Indian defence manufacturers, especially for supply of sub-systems, components, ammunition and other equipment as well as joint projects. Why India can be a preferred defence supplier to NATO countries NATO's move stems from a growing recognition of geopolitical volatility and strategic vulnerability. Russia's war in Ukraine has exposed the military deficiencies of several European nations and underscored their dependency on the US for security guarantees and military equipment. As a result, the alliance is now aiming for deeper self-reliance and rapid capacity enhancement. Raising defence spending to 5% of GDP is not just symbolic; it translates to hundreds of billions of dollars in additional defence outlay annually across NATO members. Meeting this demand through existing supply chains will be challenging, especially in Europe, where defence manufacturing capacity is limited, and workforce shortages are acute. Further adding momentum to this shift is the Draghi report on EU competitiveness. Authored by former ECB President Mario Draghi, the report calls for a comprehensive revitalisation of Europe's industrial capacity, with a strong emphasis on achieving strategic autonomy in the defence sector. Crucially, it recommends reducing the EU's reliance on the US for defence imports and instead investing more within Europe. However, building up this capacity will take years, and in the interim, the EU will need reliable, cost-effective external partners to bridge the gap. India, with its increasingly advanced defence manufacturing capabilities and growing diplomatic ties with Europe, is uniquely positioned to fill this role. Moreover, an expanded defence manufacturing base in Europe will also need component suppliers which can be an opportunity for India's growing defence industrial base with a large number of small and big private players. You Might Also Like: Dassault, Reliance revive Falcon jet manufacturing tie-up India's defence export surge Amidst a push for 'Atmanirbhar Bharat', India's defence exports reached a record high of Rs 23,622 crore (approximately $2.76 billion) in the last financial year 2024-25. Compared to the previous fiscal year's figure of Rs 21,083 crore, this represents an increase of Rs 2,539 crore, equivalent to a 12.04% growth. As per the Ministry of Defence (MoD), India already exports to around 80 countries and aims for Rs 50,000 crore in exports by 2029, strengthening its global defence manufacturing footprint. Compared to a revenue of Rs 686 crore in FY 2013-14, the FY 2024-25 number of Rs 23,622 crore is a 34 times increase, as per the MoD. The export performance of Defence Public Sector Undertakings (DPSUs) has demonstrated substantial improvement with a 42.85% increase in FY 2024-25, indicating strong international acceptance of Indian defence products and the sector's capability to integrate into global supply networks, as per the MoD. In FY 2024-25, private sector contributions amounted to Rs 15,233 crore, whilst DPSUs generated Rs 8,389 crore in exports. These figures show an improvement from FY 2023-24, when private sector exports stood at Rs 15,209 crore and DPSU exports at Rs 5,874 crore. The government has implemented numerous policy changes in recent years to strengthen India's defence sector, MoD said. These include streamlining industrial licensing processes, deregulating components from licensing requirements, and lengthening license validity periods. Furthermore, during the previous financial year, the Standard Operating Procedure for export authorisation underwent simplification, with additional provisions introduced to enhance the country's export capabilities. You Might Also Like: What does NATO's 5% spending deal really mean? Public sector companies such as Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL) have been at the forefront, but the private sector is rapidly catching up. The entry of major conglomerates like Larsen & Toubro, Tata Advanced Systems and Reliance Defence has created a dynamic and competitive ecosystem. India's edge: Cost, capacity and credibility India's defence sector is poised for substantial growth amid global shifts, according to a recent report by brokerage firm Nuvama. Defence exports are expected to reach Rs 203 billion in FY25, with a government target of Rs 500 billion by FY29. European defence orders could begin flowing as early as the first half of FY26, marking a major milestone for the sector. Given Europe's manufacturing constraints, Indian defence companies are well-positioned to capitalize on rising export opportunities. Europe's limited local manufacturing capacity and workforce shortages are opening doors for Indian defence manufacturers to step in. "Europe's defence expansion is constrained by limited local manufacturing capacity and skilled workforce shortages, especially in aerospace and missile supply chains. As a result, European nations are increasingly looking at partnerships and collaborations with Indian defence manufacturers," Nuvama said. This creates an environment where Indian defence manufacturers can step in, not just as low-cost suppliers but as serious contributors to high-tech systems and platforms too. India's competitive advantage lies in its cost structure, manufacturing capacity and rapidly maturing technological base. Its large, skilled workforce and expanding industrial infrastructure give it the scalability that many European countries currently lack. Furthermore, India's recent advances in defence R&D, ranging from the Tejas light combat aircraft and BrahMos missiles to UAVs and naval systems, have increased its credibility as a supplier of complete solutions, not just parts. This opportunity is as much geopolitical as it is commercial. India is seen as a neutral, democratic and increasingly strategic partner by many European nations. Unlike imports from China or Russia, Indian defence exports come with fewer political strings and are more acceptable in terms of values and alignment. This strategic trust could lead to deeper cooperation beyond simple exports, including co-development initiatives, joint ventures and technology partnerships in critical sectors such as artificial intelligence, cyber warfare, electronic systems and autonomous weapons. However, the road ahead is not without challenges. Indian firms must meet stringent NATO quality standards and ensure timely deliveries, especially in an industry where reliability is paramount. Regulatory bottlenecks, such as export licensing and customs clearances, need to be streamlined further. The government's continued support in terms of policy clarity, R&D funding, and export facilitation will be critical. Additionally, India must focus on moving up the value chain -- from supplying components and subsystems to offering full-fledged platforms and integrated systems. You Might Also Like: NATO allies agree to hike defence spending, reaffirm collective defence
