Overview
- Reliance Defence Ltd has clinched a Rs600 crore export order from Germany’s Rheinmetall Waffe Munition GmbH to supply high-tech ammunition for European markets.
- The order follows a May 2025 strategic partnership that targets joint manufacturing of explosives, ammunition and small arms.
- The company will build an integrated facility at Dhirubhai Ambani Defence City in Ratnagiri, Maharashtra, set to be India’s largest private-sector defence project.
- Anil D Ambani called the collaboration a defining milestone for private defence manufacturing and Armin Papperger reaffirmed Rheinmetall’s commitment to partner with India under Prime Minister Modi’s leadership.
- Shares of Reliance Infrastructure jumped 5 percent to their upper circuit after the announcement, reflecting investor confidence in the deal.