Dassault Aviation has increased its shareholding in Dassault Reliance Aerospace Ltd (DRAL) by acquiring an additional 2 percent stake from Reliance Infrastructure. The transaction, valued at INR 1.76 billion, raises Dassault’s holding to 51 percent and reduces Reliance Infrastructure’s stake to 49 percent.
Following the change, DRAL will shift from being a subsidiary to an associate company of Reliance Infrastructure and a subsidiary of Dassault Aviation. The Nagpur-based joint venture was established under Reliance Aerostructure Limited.
DRAL has been designated as Dassault’s Centre of Excellence for Falcon aircraft. Plans include setting up the first Final Assembly Line (FAL) for Falcon business jets outside France, located at Mihan in Nagpur, Maharashtra.
For the financial year 2025, DRAL reported a turnover of INR 699.3 million and a net worth of INR 471.3 million. Dassault Aviation reported a backlog of 75 aircraft as of 30 June 2025. The company has a market capitalisation exceeding INR 2 trillion and cash reserves of more than INR 800 billion.
Dassault Aviation designs, integrates and manufactures Rafale fighter jets and Falcon business jets. The company is headquartered in France and operates in both defence and civil aviation sectors.