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Reliance Infrastructure greenlights production of next-generation 155mm artillery shells

Development of four 155mm shells is complete with expected MoD orders of Rs10,000 crore plus forecasted Rs10,000 crore in export deals.

Reliance Infra becomes first private Indian firm to develop next-gen 155mm artillery shells
From Rs 10 to Rs 350 in 5 yrs! Why this multibagger Reliance Group stock is buzzing today?
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Overview

  • Reliance Infrastructure is the first private Indian firm to design and develop four types of 155mm artillery ammunition under DRDO’s Design-cum-Production Partner programme.
  • Development work on all four shell variants has concluded and production can commence immediately with ten domestic suppliers integrated into the supply chain.
  • The company projects Ministry of Defence orders worth Rs10,000 crore over the next decade following forecasts of the Army’s ammunition budget rising to Rs12,000 crore annually by 2032.
  • Reliance forecasts Rs10,000 crore in export revenue over ten years based on the shells’ extended range and precision.
  • A Rs5,000 crore greenfield explosives and ammunition facility at Ratnagiri’s Dhirubhai Ambani Defence City is underway, and a partnership with Germany’s Rheinmetall AG will supply propellants.