Reliance Defense, a subsidiary of Reliance Infrastructure, has made a big deal with Diehl Defense of Germany, a subsidiary of Reliance Infrastructure (Reliance Infrastructure), which has given a new shape to India’s defense production attitude. This deal will be focused on the production of Vulcano 155 mm Principal-Guided Municipal System. It is a modern artillery ball, designed for long distance high accuracy attacks.
The deal has been announced on 10 June, which is an important step in making India a conflict in defense. The Vulcano 155 mm system is not an ordinary ball. It uses state -of -the -art laser and GPS based targets for accurate target. This ball is capable of hitting a perfect target. Especially in modern times, it is a special ball from the perspective of war.
This ball will be made in India
Reliance Defense will prepare it as the main contractor, while Dihal Defense will present the main technology and system-level specialty. The production will be in a new greenfield facility in the industrial area of ​​Ratnagiri, Maharashtra, which is part of Dhirubhai Ambani Defense City (DADC).
10 thousand crore revenue will be generated
Reliance Defense estimates that this deal can get revenue of up to Rs 10,000 crore. This estimate shows the increasing demand for advanced ammunition systems and the company’s ability to make important defense technology local. It will support the government’s target to get Rs 50 thousand crore in Defense Export by 2029.
Significantly, Germany’s Daihal Defense is a global leader in defense systems. Its portfolio includes missiles, air defense system and modern ammunition. The company employs about 4,500 people and its annual sales exceed 2 billion euros.
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After the announcement, the stocks of Reliance Infrastructure increased by 3.5%, which closed at Rs 404.40 in the Bombay Stock Exchange. Market response reflects investors’s trust in this strategic move.
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