Reliance Industries has increased its stake in Nauyaan Shipyard to 93.9 percent following a 9.9 percent acquisition by its wholly owned subsidiary, Nauyaan Trading. The additional shares were purchased from Welspun Corp for INR 547 million, according to a stock exchange filing. The transaction follows an earlier deal in March 2025, in which Reliance Strategic […]
Reliance Defence, a company promoted by Reliance Infrastructure, has partnered with US‑based Coastal Mechanics Inc. to establish Maintenance, Repair, Overhaul (MRO), and upgrade services for defence platforms. The partnership targets India’s estimated INR 200 billion (approximately USD 2.4 billion) MRO and lifecycle support market. The partnership will deliver end‑to‑end MRO and upgrade solutions for a […]
Reliance Defence Limited, a company promoted by Reliance Infrastructure, has secured an export order valued at INR 6 billion from Rheinmetall Waffe Munition GmbH. The contract is part of the company’s strategy to expand its international presence, especially in the European defence market. The order follows the recently announced strategic partnership between Reliance Defence and […]
Dassault Aviation has announced a partnership with Reliance Infrastructure’s subsidiary, Reliance Aerostructure Limited (RAL), to manufacture Falcon 2000 business jets in India. The final assembly line will be set up in Nagpur, Maharashtra, and the first Falcon 2000 jet assembled in India is expected to be delivered by 2028. The aircraft will be produced for […]
Reliance Infrastructure-promoted Reliance Defence has signed a cooperation agreement with Germany’s Diehl Defence to manufacture the Vulcano 155 mm Precision-Guided Munition System in India. The partnership is expected to address the operational requirements of the Indian Armed Forces and has the potential to generate revenue of INR 100 billion for Reliance Defence. Under the agreement, […]
Reliance Infrastructure is establishing a greenfield explosives and ammunition manufacturing facility in Ratnagiri, Maharashtra. The plant, being developed within the Dhirubhai Ambani Defence City, involves an investment of INR 50 billion and is aimed at supporting the production of newly developed 155mm artillery ammunition. The facility is part of the company’s broader defence manufacturing initiative […]
Reliance Defence Limited, a subsidiary of Reliance Infrastructure, has entered into an agreement with German defence manufacturer Rheinmetall AG to supply explosives and propellants for medium and large-calibre ammunition. The partnership also includes joint marketing efforts for select products. This is Reliance Defence’s third international collaboration, following previous joint ventures with Dassault Aviation and Thales […]
Reliance NU Suntech, a subsidiary of Reliance Power, has entered into a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a large-scale solar and battery energy storage system (BESS) project. The project involves an investment of up to INR 100 billion and will deliver 930 MW of solar power […]
Reliance Industries has launched its first solar panel manufacturing line as part of its USD 10 billion renewable energy strategy. The facility, located in Gujarat, is designed to produce solar photovoltaic (PV) modules with an initial capacity of 10 gigawatts (GW) per year, with plans to scale up to 20 GW. The company has also […]
The Ministry of Heavy Industries (MHI), Government of India, has signed a Programme Agreement with Reliance New Energy Battery Limited under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC). The agreement grants the company a 10 GWh manufacturing capacity for advanced battery storage. The PLI ACC scheme, with a total outlay of […]