The Anil Ambani Group’s Reliance Infrastructure’s share price has been flying high, rising 5% to an intra-day high of Rs 405. The surge in Reliance Infra came a day after it announced a partnership with the Rafale Fighter maker, Dassault Aviation, to manufacture Falcon 2000 business jets in India. However, the stock price of Reliance Infrastructure soon came off highs to trade near its day’s low.
Reliance Infrastructure partners up with Dassault Aviation
Reliance Infrastructure, through its subsidiary Reliance Aerostructure, at the Paris Air Show, announced a partnership to manufacture Falcon 2000 business executive jets in India for the global markets, read an exchange filing. The state-of-the-art, final assembly line for Falcon 2000 jets will be established in Nagpur, Maharashtra.
This paves India’s entry into the elite club of countries manufacturing next-generation business jets, alongside the United States, France, Canada, and Brazil. Dassault Aviation will manufacture Falcon 2000 jets outside of France for the first time.
“The partnership will also become the Centre of Excellence (CoE) for the Falcon series, including Falcon 6X and Falcon 8X assembly programs for Dassault Aviation, the first such CoE outside France,’ said the regulatory filing.
The joint venture between Dassault Aviation and Reliance Aerostructure, DRAL, was established in 2017.
The operations commenced with the setting up of a state-of-the-art manufacturing facility at Mihan, Nagpur, later that year. Since delivering its first Falcon 2000 front section in 2019, DRAL has assembled over 100 major sub-sections for the Falcon 2000.
Reliance Infrastructure’s stock performance
Reliance Infrastructure’s share price has fallen 0.4% in the last five trading sessions. However, it has given a return of almost 40% in the past one month and 33% in the last six months. The stock price of Reliance Infrastructure has surged by 85% over the last one year.
Reliance Infrastructure Q4 FY25 results
Reliance Infra reported a net profit of Rs 4,387.08 crore in the fourth quarter of the financial year 2024–25. The company posted a loss of Rs 220 crore in the same period of the previous financial year. However, the revenue from operations fell 12% to Rs 4,108.01 crore in Q4 FY25, compared with Rs 4,685.96 crore in the same quarter a year ago.