RInfra to invest Rs 100 Bn in Maharashtra defence project

25 Oct 2024 CW Team

The Anil Ambani family-owned Reliance Infrastructure has announced plans to invest Rs 100 billion over the next decade to create India’s largest integrated manufacturing facility for explosives, ammunition, and small arms in Ratnagiri, Maharashtra. The company stated that it had been allocated 1,000 acres in the Watad industrial area for developing the Dhirubhai Ambani Defence City (DADC).

According to Reliance Infrastructure, this new export-oriented project will represent the largest Greenfield defence initiative in India by a private sector entity. The company further highlighted that, through its subsidiaries, it has already exported defence equipment worth over Rs 10 billion. Reliance Infrastructure’s fully owned subsidiaries, Jai Armaments and Reliance Defence, are licensed by the Indian government to produce arms and ammunition, and the proposed project anticipates forming potential joint ventures with up to six leading global defence companies, though it did not disclose specific names.

The ammunition range will include small, medium, and large-calibre munitions, alongside terminally guided munitions (TGM), while the small arms portfolio will target export markets, serving both civilian and military clients.

Reliance Infrastructure also noted that it has already established successful joint ventures at MIHAN in Nagpur, Maharashtra, with two major global defence firms—Dassault Aviation and Thales of France—both of which export their entire production to international markets.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..