Latest news with #RelianceDefenceLimited
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Business Standard
2 days ago
- Business
- Business Standard
Reliance Infra, Coastal Mechanics tie up to tap India's defence MRO sector
Reliance Defence Limited, a company promoted by Reliance Infrastructure Limited, on Monday announced it has entered into a strategic agreement with US-based defence contractor Coastal Mechanics Inc (CMI), to target India's ₹20,000 crore maintenance, repair and overhaul (MRO), and upgrade defence market. In an exchange filing on Monday, the company said that the partnership will focus on lifecycle support for a range of platforms used by the Indian armed forces. These include Jaguar and MiG-29 fighter aircraft, Apache attack helicopters, L-70 air defence guns, among others. Reliance Defence and Coastal Mechanics plan to provide end-to-end MRO, upgrade, and lifecycle support solutions for these systems. "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," the company said. Reliance Infra Q4 results Reliance Infrastructure posted a net profit of ₹4,387.08 crore in the fourth quarter of the financial year 2024–25 (Q4 FY25), marking a turn from a ₹220 crore loss in the corresponding quarter of the previous financial year. In Q4 FY25, the company's consolidated earnings before interest, taxes, depreciation, and amortisation (Ebitda), after adjusting for an exceptional income of ₹514 crore, stood at ₹8,876 crore. This marks a sharp rise of approximately 681 per cent quarter-on-quarter compared to ₹1,136 crore in Q3 FY25. Shares of Reliance Infrastructure last traded at ₹412.85 apiece on the BSE at the close of the markets on Monday.
Hindustan Times
2 days ago
- 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.
Business Upturn
3 days ago
- Automotive
- Business Upturn
Reliance Defence forms strategic partnership with Coastal Mechanics to address Rs 20,000 crore defence MRO market
Reliance Defence Limited, a subsidiary of Reliance Infrastructure, has announced a major strategic partnership with Coastal Mechanics Inc. (CMI), a U.S. Department of Defense-authorised contractor. The two companies will join forces to address a significant share of India's massive ₹20,000 crore defence Maintenance, Repair, and Overhaul (MRO) and upgrade market. This collaboration aims to deliver end-to-end MRO, upgrade, and lifecycle support solutions for the Indian Armed Forces. The focus will be on a wide range of critical military platforms, including over 100 Jaguar and MiG-29 fighter jets, the Apache attack helicopter fleet, L-70 air defence guns, and other legacy systems that need long-term support and modernisation. The partnership aligns with the Indian military's growing preference for extending the life of existing assets through upgrades, rather than replacing them entirely. This marks a strategic shift toward performance-based logistics, offering high-value, long-term business opportunities. As part of the agreement, Reliance Defence and CMI will also set up a joint venture (JV) at MIHAN in Maharashtra. The facility will cater to both domestic and international markets, providing full-scale MRO and upgrade services for air and land-based defence platforms. Coastal Mechanics, known for supplying critical components to the U.S. Air Force and Army, brings global-level manufacturing expertise and internationally recognised certifications into the Indian aerospace and defence space. This collaboration is a big step toward boosting India's self-reliance in defence under the Government's 'Aatmanirbhar Bharat' and 'Make in India' missions. With this move, Reliance Defence also takes a firm stride toward its goal of becoming one of India's top three defence exporters. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
25-06-2025
- Business
- Business Upturn
Reliance Infrastructure share hits 5% upper circuit after its subsidiary secures Rs 600 crore export order from Rheinmetall
Shares of Reliance Infrastructure surged 5% and hit the upper circuit after its subsidiary, Reliance Defence Limited, secured a major export order worth ₹600 crore from Germany-based Rheinmetall Waffe Munition GmbH, a global leader in defence and ammunition manufacturing. This significant order is among the largest ever in India's high-tech ammunition export space, reflecting the strength of Reliance Defence's growing global partnerships. It also underscores the deepening strategic alliance between Reliance Defence and Rheinmetall, with Europe emerging as a key export market. The deal gives a major boost to India's defence export ambitions and aligns closely with the government's 'Atmanirbhar Bharat' and 'Make in India' initiatives, aimed at promoting indigenous defence production. Reliance Defence has set a bold target of becoming one of the top three defence exporters from India. Supporting this vision, the company is developing the Dhirubhai Ambani Defence City (DADC) at Watad in Ratnagiri, Maharashtra. This state-of-the-art greenfield project will be India's largest private defence manufacturing hub, featuring integrated facilities for ammunition, explosives, and small arms. Reliance Infrastructure shares opened at ₹388.00 and touched a high of ₹404.65 during the trading session. The stock also saw a low of ₹383.10 on the same day. It is trading close to its 52-week high of ₹420.00, while the 52-week low stands at ₹169.51. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
India.com
28-05-2025
- Business
- India.com
Rs 20000000000 deal… who is unknown hero behind Anil Ambani's decreasing debt and increasing business, know inside story
Anil Ambani (File) Anil Ambani was going through the toughest periods of his life for many years. He was engaged in a legal battle in London over a Rs 5,000 crore debt owed to Chinese banks. During court proceedings, Ambani declared himself bankrupt, claiming he didn't have the funds to hire a lawyer and his household expenses were being borned by his wife and sons. In 2025 he has turned the table. Now Anil Ambani's debts are reducing, and his companies are securing new contracts like a Rs 2,000 crore solar project in Bhutan. Reliance Defence and Germany-based Rheinmetall have agreed on a 'strategic partnership' in the field of ammunition. In order to support this collaboration, Reliance Defence Limited will set up a greenfield manufacturing facility in the Watad Industrial Area of Ratnagiri, Maharashtra. Who Is Behind Anil Ambani's Comeback? Anil Ambani's sons, Jai Anmol Ambani and Jai Anshul Ambani are behind his revival. Both sons stepped in business during challenging times and brought many changes to tackle the group's financial health. Jai Anmol and Jai Anshul Ambani have focused on executing the Reliance Group's Vision 2030 growth strategy. They implemented fundraising plans for core business like Reliance Infrastructure and Reliance Power. They raised Rs 4,500 crore through preferential equity issuance. Also secured Rs 7,100 crore via foreign currency convertible bonds in collaboration with Värde Partners. They also generated Rs 6,000 crore through qualified institutional placements (QIPs). These initiatives boosted investor confidence and resulted in a surge in the group's stock prices. Jai Anmol Ambani Jai Anmol Ambani has taken charge of Reliance Capital and led it as an additional director since 2016. Under his leadership, the retail business has expanded and the group's shares saw a 40% rise in value. The Ambanis have already started reducing debts. On January 1, 2025, one of Anil Ambani's companies announced the repayment of a Rs 1,286 crore loan. The family has increased the group's net worth to Rs 2000 crore.
