R-Infra to invest Rs 100 billion in Maharashtra defense project

24 Oct 2024 CW Team

Anil Ambani's flagship firm, Reliance Infrastructure, announced that it plans to invest Rs 100 billion over the next ten years to establish India’s largest integrated project in Ratnagiri, Maharashtra, focused on the manufacturing of explosives, ammunition, and small arms. The company has received an allotment of 1,000 acres in the Watad Industrial Area of Ratnagiri for the development of the Dhirubhai Ambani Defence City (DADC), as stated in a company announcement.

According to the statement, DADC is set to be the largest greenfield project in India’s defence sector undertaken by a private company.

Reliance Infrastructure will be joining other major players in defence manufacturing, including Tata Group, Adani, and Larsen & Toubro.

The statement highlighted that Reliance Infrastructure would invest over Rs 100 billion over the next decade. It also mentioned that through its subsidiaries, the company has exported defence equipment valued at more than Rs 10 billion over time.

Its wholly-owned subsidiaries, Jai Armaments and Reliance Defence, have obtained licenses from the government for the manufacturing of arms and ammunition.

The project aims to explore potential joint ventures with up to six leading global defence companies and will encompass a wide range of ammunition, from small to large calibers, in addition to terminally guided munitions (TGM).

The small arms portfolio is intended to serve export markets for both civil and military applications. However, the statement did not disclose the names of the potential joint venture partners.

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