Reliance Infrastructure, led by Anil Ambani, reached the main milestone, becoming the first Indian firm of the private sector, which successfully developed and developed 155 mm artillery ammunition involved in the Great War.
The ammunition was developed within the design of design production (DCPP) through research and development of the Defense and Development Organization (ARDE), Puna. This initiative means a significant step in pressing the Indian Defense Sector to the Maque In India program.
The company has developed four types of 155 -million shells using fully indigenous technologies. The press secretary confirmed that the work on development was completed and the company is now ready to start production. Ten Indian firms have already been integrated into the supply chain, providing a reliable ecosystem for scalable production.
Reliance Infra is looking at up to 10,000 rupees, business opportunities in the Ministry of Defense over the next decade. In addition, the company is considering potential exports of these ammunition to friendly foreign countries, and the export target has been set within 10,000 for 10 years.
In the process of competitive selection for this project “Reliance Infrastructure” appeared the only participant of the private sector together with the Yantra India Limited, the public sector unit. This difference additionally emphasizes the company’s ability to produce protection.
According to the recent KPMG report, the costs of the Indian Army on ammunition are supposed to increase from Rs 7,000 in 2023 to Rs 12,000 a year to 2032. This growth supports the purpose of the infrastructure that supports infrastructure that establishes itself as one of the top three exporters of defensive equipment and services from India, in accordance with the country’s strategic focus.
As part of its long -term defense strategy, Reliance creates an ammunition and explosive unit at Dhirubhai Ambani City (DADC) in Raut Gurashiro, Maharashtra. The volume, developed with an investment of 5,000 crowns, will further increase the production potential of indigenous residents and the Reliance Infiation infrastructure among the top three defense exporters in the coming years.
The company was awarded 1000 hectares of land in the industrial area of Ratagiro, Maharashtra to create a DADC, the largest Greenfield project in the private company defense sector in India.
In recent development, Reliance Defense also created a strategic partnership with Rheinmetall AG, based on Dusseldorf. This cooperation will entail the supply of explosives and fuel for medium and large ammunition caliber from dependence on Reinmetall.
On Tuesday, Reliance Infrastructure shares closed at 341.95 rubles, falling by 4.20%.
