Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: Reliance Infrastructure jumps 5% as defence arm bags Rs 600-crore export deal from Germany’s Rheinmetall – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > Business > Reliance Infrastructure jumps 5% as defence arm bags Rs 600-crore export deal from Germany’s Rheinmetall – Delhi News Daily
Business

Reliance Infrastructure jumps 5% as defence arm bags Rs 600-crore export deal from Germany’s Rheinmetall – Delhi News Daily

delhinewsdaily
Last updated: June 25, 2025 1:55 pm
delhinewsdaily
Share
SHARE


Shares of Reliance Infrastructure surged 5% on Wednesday following an announcement by its subsidiary Reliance Defence that it secured a Rs 600-crore export order from German defence giant Rheinmetall Waffe Munition GmbH.

The order, one of the largest in the high-tech ammunition space to date, has significantly boosted market sentiment around the Anil Ambani-led firm.

In an exchange filing, Reliance Infra said the deal marks a key milestone in its strategy to deepen global defence partnerships and expand its role in the international arms supply chain.

The company emphasized that this export contract underlines its recently formalized strategic collaboration with Rheinmetall — a partnership aligned with India’s “Atmanirbhar Bharat” and “Make in India” missions.

Reliance Defence aims to become one of India’s top three defence exporters. The company will be developing an integrated manufacturing facility under the Dhirubhai Ambani Defence City (DADC) banner in Ratnagiri, Maharashtra.

ET logo

Live Events


This greenfield project is being positioned as the largest of its kind by a private player in India’s defence space.”The strategic partnership with Rheinmetall brings cutting-edge capabilities to India and represents a defining milestone for the country’s private defence manufacturing sector,” said Anil Ambani, Founder-Chairman of Reliance Group. “Our ambition is clear — to position Reliance Defence among the world’s top three defence exporters.”Rheinmetall CEO Armin Papperger reaffirmed the German firm’s long-term commitment to India, noting that the partnership reflects the confidence in India’s defence sector under Prime Minister Modi’s leadership.

The Rs 600-crore order is expected to catalyze further export growth and fortify Reliance Defence’s manufacturing capabilities. The ammunition to be supplied will meet stringent global standards, further enhancing India’s image as a reliable global defence supplier.



Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Grok to Get AI-Powered File Editor Feature With Spreadsheet Support, Tipster Claims Grok Might Soon Be Able Edit Your Files and Spreadsheets – Delhi News Daily
Next Article From rent freeze to Israel: What are Zohran Mamdani’s views on major issues? Find out more about NYC’s Dem Mayor nominee | World News – Times of India – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • ‘Should I Name Leaders…’: Chaos At BJP Event In Azamgarh As Women Allege Harassment – Delhi News Daily
  • ‘Not a winning strategy’: Hindu American Foundation director says JD Vance attacked Hindu traditions as he hoped for wife’s conversion – The Times of India – Delhi News Daily
  • Nina Lin banned on Twitch again after new viral clips sparks backlash – The Times of India – Delhi News Daily
  • Grammy winner Billie Eilish calls out billionaires to ‘give your money away’ as Mark Zuckerberg watches — video goes viral – The Times of India – Delhi News Daily
  • Row erupts over White House’s ‘racist’ Halloween post confusing two Black leaders: ‘Doing wonders for culture’ – The Times of India – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Business

Russia close to cutting oil output due to drone attacks, sources say – Delhi News Daily

Russia's oil pipeline monopoly Transneft has warned producers they may have to cut output following Ukraine's drone attacks on critical…

5 Min Read
Business

Life insurers see the shine, seek Irdai nod to invest in gold ETFs – Delhi News Daily

Mumbai : Several life insurers have approached the Insurance Regulatory and Development Authority of India (Irdai) seeking approval to invest…

3 Min Read
Business

New GST rates: Is the puzzle over popcorn, paranthas and paneer finally solved? – Delhi News Daily

The endless confusion over GST rates on items such as popcorn, parontha and paneer has ended with the Council approving…

4 Min Read
Business

Gold, silver hit fresh highs on Fed easing, Navratri boost; yellow metal up Rs 1,300/10 gm, silver jumps Rs 2,800/kg – Delhi News Daily

Gold bulls were in buoyant mood on Monday with domestic yellow metal prices surging 1.2% or by 1,343 per 10…

3 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?