Reliance Defence Secures ₹600 Crore Export Order From Germany's Rheinmetall
New Delhi: 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.
(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
news