Anil Ambani’s defense company Reliance Defense Limited has got a big success. The company has received an export order of ₹ 600 crore from Germany’s leading weapons manufacturing company Rheinmetall Waffe Munition GmbH. The company has recently given this information to the stock exchange. After this news, the stock of Anil Ambani’s company Reliance Infrastructure saw a rise. Today on Wednesday, the company’s stock hit an upper circuit of 5%. The stock reached an intraday high of Rs 404.05.
How This Deal Strengthens ‘Make in India’ and ‘Atmanirbhar Bharat’
This deal is considered to be one of the largest export orders ever in India’s high-tech defense and ammunition sector. This will not only strengthen India’s defense manufacturing capabilities, but will also give strength to the ‘Make in India’ and ‘Atmanirbhar Bharat’ campaigns.
Reliance Defense’s Growing Global Footprint
This agreement further deepens the strategic partnership between Reliance Defense and Germany’s Rheinmetall. Also, this will further strengthen Reliance Defense’s global presence, especially in Europe. The company aims to be among the top 3 defense exporting companies of India, and this deal is considered an important step in that direction.
Manufacturing at Dhirubhai Ambani Defense City (DADC)
To fulfill this order, Reliance Defense is building Dhirubhai Ambani Defense City (DADC) in Watad in Ratnagiri district of Maharashtra. This project will be the largest defense manufacturing hub in India’s private sector till date. Integrated manufacturing units for weapons, ammunition, explosives and small arms are being prepared here.
There is a plan to make DADC a center of defense production, innovation and global supply, which will take India’s defense export to new heights.
