Reliance Infrastructure to develop Dhirubhai Ambani Defence City in Ratnagiri

Reliance Infrastructure today announced setting up of the largest Integrated project for Manufacturing of Explosives, Ammunition and Small Arms in Ratnagiri, Maharashtra.

The company has been allotted 1000 acres of Land in Watad Industrial Area of Ratnagiri, Maharashtra to develop Dhirubhai Ambani Defence City (DADC)

DADC will be the largest GREENFIELD project in Defence Sector in India by any Private Sector company.

Reliance Infrastructure will invest over Rs. 10,000 Cr over the next 10 years. Reliance Infrastructure through its subsidiaries has exported defence equipment worth more than Rs. 1,000 Cr over a period of time.

Reliance Infrastructure's wholly owned subsidiaries Jai Armaments Limited and Reliance Defence Limited already have license from Govt of India for manufacturing of Arms and Ammunition.

The Ammunition range to include Small, Medium & Large Caliber and Terminally Guided Munition (TGM) and Small Arms portfolio to address export markets both Civil and Military applications.

Reliance has successful Joint Ventures (JVs) at MIHAN, Nagpur, Maharashtra with two of the leading Global Defence companies - Dassault Aviation and Thales of France.

Dassault Reliance Aerospace Limited (DRAL) and Thales Reliance Defence Systems (TRDS) export 100% of their production.

Shares of Reliance Infrastructure Limited was last trading in BSE at Rs. 254.25 as compared to the previous close of Rs. 267.60. The total number of shares traded during the day was 110454 in over 1101 trades.

The stock hit an intraday high of Rs. 270.35 and intraday low of 254.25. The net turnover during the day was Rs. 28499904.00.

Source : Equity Bulls

Keywords

RelianceInfrastructure INE036A01016 RELINFRA ElectricUtilities Ratnagiri DhirubhaiAmbaniDefenceCity Explosives Ammunition SmallArms