Close on the heels of recent partnership with Diehl Defence, Reliance Infrastructure promoted, Reliance Defence has bagged another order from Germany. The company has secured a major export order worth Rs 600 crore from Germany’s Rheinmetall Waffe Munition. This order is one of the largest contracts in the high-tech ammunition space.
The deal comes shortly after both companies announced a strategic partnership. The order is also seen as a catalysts helping Reliance Defence play a key role in the global defence supply chain, particularly in the European market.
Earlier this month, Reliance Defence also announced a partnership with Germany’s Diehl Defence to locally produce Vulcano 155 mm terminally guided munitions in Maharashtra, aiming for Rs 10,000 crore in revenue.
Reliance Infra focussing on ‘Make in India’
Reliance Defence said this export deal not only boosts its international presence but also aligns with India’s ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives. The company has set its sights on becoming one of the top three defence exporters from India. Anil D. Ambani, Founder Chairman of Reliance Group, said, “Our ambition is clear — to position Reliance Defence among the world’s Top 3 defence exporters.”
On June 3, Reliance Infrastructure announced that it has officially commenced production of four types of next-generation 155 mm artillery ammunition under the DRDO’s Armament Research and Development Establishment (ARDE) “Design‑cum‑Production Partner” program. With this milestone, Reliance Infrastructure has become the first private-sector company in India to achieve such a feat.
Armin Papperger, CEO of Rheinmetall, added, “This partnership of Rheinmetall with Reliance Defence led by Anil Ambani’s Reliance Group illustrates our strong commitment to partner with India.”
Reliance to build manufacturing hub in Ratnagiri
Reliance Defence plans to manufacture explosives, ammunition, and small arms at its upcoming Dhirubhai Ambani Defence City (DADC). The DADC is being developed in Watad, Ratnagiri, Maharashtra and is expected to be the largest greenfield defence project by a private company in India. It will serve as a base for advanced production and exports.
Rheinmetall and Reliance: key global players
Rheinmetall AG is one of the world’s largest defence manufacturers, with a market capitalisation of over EUR 80 billion (Rs 7.99 lakh crore). The company ended 2024 with a revenue of EUR 9.8 billion, operating in 171 locations globally. Its expertise includes armoured vehicles, air defence systems, and advanced ammunition.
Reliance Group, on the other hand, has two major arms – Reliance Infrastructure and Reliance Power. Both companies are debt-free and have a combined net worth and turnover of Rs 33,000 crore each.
Reliance Infra share performance
The share price of Reliance Infrastructure is trending upwards. The stock has gained 94 per cent over the past year and is currently trading at Rs 404.65 per share. The Anil Ambani group of companies have seen significant upmove in the past month.