R-Infra to invest Rs 100 billion in Maharashtra defense project
24 Oct 2024
2 Min Read
CW Team
Anil Ambani's flagship firm, Reliance Infrastructure, announced that it plans to invest Rs 100 billion over the next ten years to establish India鈥檚 largest integrated project in Ratnagiri, Maharashtra, focused on the manufacturing of explosives, ammunition, and small arms. The company has received an allotment of 1,000 acres in the Watad Industrial Area of Ratnagiri for the development of the Dhirubhai Ambani Defence City (DADC), as stated in a company announcement.
According to the statement, DADC is set to be the largest greenfield project in India鈥檚 defence sector undertaken by a private company.
Reliance Infrastructure will be joining other major players in defence manufacturing, including Tata Group, Adani, and Larsen & Toubro.
The statement highlighted that Reliance Infrastructure would invest over Rs 100 billion over the next decade. It also mentioned that through its subsidiaries, the company has exported defence equipment valued at more than Rs 10 billion over time.
Its wholly-owned subsidiaries, Jai Armaments and Reliance Defence, have obtained licenses from the government for the manufacturing of arms and ammunition.
The project aims to explore potential joint ventures with up to six leading global defence companies and will encompass a wide range of ammunition, from small to large calibers, in addition to terminally guided munitions (TGM).
The small arms portfolio is intended to serve export markets for both civil and military applications. However, the statement did not disclose the names of the potential joint venture partners.
Anil Ambani's flagship firm, Reliance Infrastructure, announced that it plans to invest Rs 100 billion over the next ten years to establish India鈥檚 largest integrated project in Ratnagiri, Maharashtra, focused on the manufacturing of explosives, ammunition, and small arms. The company has received an allotment of 1,000 acres in the Watad Industrial Area of Ratnagiri for the development of the Dhirubhai Ambani Defence City (DADC), as stated in a company announcement.
According to the statement, DADC is set to be the largest greenfield project in India鈥檚 defence sector undertaken by a private company.
Reliance Infrastructure will be joining other major players in defence manufacturing, including Tata Group, Adani, and Larsen & Toubro.
The statement highlighted that Reliance Infrastructure would invest over Rs 100 billion over the next decade. It also mentioned that through its subsidiaries, the company has exported defence equipment valued at more than Rs 10 billion over time.
Its wholly-owned subsidiaries, Jai Armaments and Reliance Defence, have obtained licenses from the government for the manufacturing of arms and ammunition.
The project aims to explore potential joint ventures with up to six leading global defence companies and will encompass a wide range of ammunition, from small to large calibers, in addition to terminally guided munitions (TGM).
The small arms portfolio is intended to serve export markets for both civil and military applications. However, the statement did not disclose the names of the potential joint venture partners.
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
