Reliance Infra sells Rs 176 crore stake in Dassault JV to French partner

09 Sep 2025 CW Team

Mumbai, 5 September 2025: Reliance Infrastructure Ltd announced that its subsidiary Reliance Aerostructure Ltd (RAL) will transfer 2 per cent equity in Dassault Reliance Aerospace Ltd (DRAL) to French defence major Dassault Aviation for Rs 175.96 crore. The agreement was signed on 5 September and is expected to be completed by 1 November 2025.

Following the transaction, Dassault Aviation’s stake in DRAL will rise to 51 per cent, giving it majority control, while Reliance Aerostructure will hold 49 per cent. This change will result in DRAL, which manufactures airframes and subsystems for Rafale and Falcon aircraft, ceasing to be a subsidiary and becoming an associate company of Reliance Infra.

In FY25, DRAL recorded a turnover of Rs 69.93 crore, contributing 0.23 per cent to Reliance Infra’s consolidated revenues, with a net worth of Rs 47.13 crore. Shares of Reliance Infrastructure closed over 2.5 per cent lower at Rs 280 on the NSE following the announcement.

Separately, the company clarified that Bank of Baroda’s classification of Reliance Communications Ltd (RCom) and its promoter Anil D Ambani’s loan accounts as “fraud” has no bearing on Reliance Infra’s business or financials, as both are independent entities.

Infrastructure Urban

30 Sep 2025

PM Modi Launches Rs 1.22 Trillion Development Projects in Banswara

Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone for development works worth over Rs 1.22 trillion in Banswara, Rajasthan, on the fourth day of Navratri. During his visit to the sacred land of Maa Tripura Sundari and Maa Mahi, the Prime Minister paid homage to the region’s spiritual heritage and highlighted the resilience of India’s tribal communities, inspired by the legacy of Mahayogi Govind Guru Ji.Shri Modi emphasised energy generation as a national priority, announcing power projects exceeding Rs 900 billion across Rajasthan, Madhya Pradesh, Andhra Pradesh, ..

GeM Launches Campaign to Boost Transparency and Fair Trade

The Government e-Marketplace (GeM) has launched a special campaign during Vigilance Awareness Week titled “GeM Ki Sunien, Satark Rahein, Zimmedar Banein,” reinforcing its commitment to transparency, integrity, and ethical practices in public procurement.The initiative aims to educate and empower buyers to adopt best practices and comply with rules while enabling sellers—including last-mile entrepreneurs, startups, and micro and small enterprises (MSEs) from Tier-2 and Tier-3 cities—to access secure and transparent opportunities. GeM’s safeguards, such as red-flag alerts, structured b..

DoT, FIU-IND Join Forces to Curb Telecom-Based Frauds

The Department of Telecommunications (DoT) and the Financial Intelligence Unit-India (FIU-IND) have signed a comprehensive Memorandum of Understanding (MoU) to strengthen information sharing and coordination, marking a major step in India’s fight against telecom misuse in cyber-crimes and financial fraud.The MoU was signed by Shri Sanjeev Kumar Sharma, Deputy Director General (AI & Digital Intelligence Unit – DIU), DoT, and Shri Amit Mohan Govil, Director, FIU-IND, in the presence of Dr. Neeraj Mittal, Secretary (Telecom), and Shri Arvind Shrivastava, Secretary (Revenue). The agreement..