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.
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.