RELIANCE AEROSTRUCTURE
Reliance Infra shares rally over 1,400% in 5 years. Is there more upside left?
Reliance Infrastructure shares have surged over 1,400% in five years, with a fresh 45% jump in the past month driven by its jet manufacturing deal with Dassault Aviation. Technical analysts see further upside, citing bullish chart patterns. A Rs 300 crore capital infusion through warrant conversion is also expected to support growth and financial flexibility.
Reliance Infra shares jump 4% after Dassault jet manufacturing deal
Reliance Infrastructure has partnered with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, marking Dassault’s first Falcon assembly line outside France. The facility in Nagpur will cater to corporate and military needs, boost local manufacturing, and generate skilled jobs. This comes alongside a Rs 300 crore capital infusion and a major defence deal with Germany’s Diehl Defence.
Sensex falls over 100 pts, Nifty below 24,800; IT, banking stocks drag on Fed cues
For the third consecutive day, Indian stock markets opened on a downward trend, with notable declines in IT and banking sectors. Investors are reacting to the latest cues from the US Federal Reserve, which suggest a more cautious approach to rate cuts than previously anticipated.
Dassault, Reliance revive Falcon jet manufacturing tie-up
Dassault Aviation and Reliance Aerostructure Limited are partnering to manufacture Falcon 2000 LXS executive jets in India, targeting a 2028 production start. This initiative positions India as a global aviation hub, with a ₹1,000 crore investment planned to expand the Nagpur facility. The project aims to produce 22 jets annually, leveraging India's cost advantages.
Reliance Infra shares hit 5% upper circuit after Dassault jet deal; First Falcon 2000 delivery in 2028
Reliance Infrastructure's share price surged after Reliance Aerostructure partnered with Dassault Aviation to manufacture Falcon 2000 jets in India, a first outside France. This collaboration, announced at the Paris Air Show, includes establishing a final assembly line in Nagpur.
Reliance Infra's arm partners with Dassault aviation to manufacture Falcon 2000 in India; first delivery expected in 2028
Dassault Aviation and Reliance Aerostructure will manufacture Falcon 2000 business jets in India. This marks Dassault's first Falcon assembly outside France. The 'Made in India' Falcon 2000 jet is scheduled for flight by 2028. The assembly will take place at Dassault Reliance Aerospace Limited in Nagpur. Reliance Infra shares rose 5 percent.
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ITI Nagpur students to learn to assemble Rafale jets
The France-based Dassault Aviation, manufacturer of Rafale fighter jets, signed an agreement with the government- run ITI Nagpur last month for starting an 'Aeronautical Structure and Equipment Fitter' course at the institute.
Anil Ambani to withdraw defamation suits against Congress, Herald
The defamation suits were filed against the National Herald's editor Zafar Agha, and Vishwadeepak, the author of a news article published by it.
Prime Minister's no-show makes Aero India 2019 lukewarm
The Rafale fighter jet was the centre of attraction - its flying capacity and the Make in India plans as part of the offsets for the 36-jet deal was part of display.
RInfra files Rs 10,000 crore defamation suit on Rafael deal coverage
"The suit for defamation has been instituted on account of the company's weekly show 'Truth vs Hype' wherein the story -- 'The Ideal Partner in Rafael Deal' was broadcasted on the channel NDTV 24X7, on September 29, 2018," the filing said.
Amid Rafale controversy, DRAL workers quietly make plane nose cones
A shed spread over a 10,000 square feet area is the only workplace as of now. It houses the full workforce of around 50 persons engaged by Dassault Reliance Aviation Limited. There are 8 to 10 personnel deputed from Dassault, the French joint venture partner of Reliance Aerostructure Limited (RAL), who are training the Indian staff.
Rafale offsets deal: Anil Ambani was Indian government's choice, says Francois Hollande
Former French president Francois Hollande has reportedly told this to a French news website.
Rafale row: Anil Ambani files Rs 5,000 crore defamation suit against National Herald, Congress leader
The two suits were filed by Reliance Defence, Reliance Infrastructure and Reliance Aerostructure, which belong to Anil Ambani-led Reliance Group.
Why did Sitharaman say Rafale offset deal not awarded: Congress
Congress says Modi government violated DAC guidelines to help a private company.
Modi government deceiving country, violated rules in Rafale deal: Congress
"The art of deceiving India is the Modi government's mantra in this mother of all defence deals," said the Congress leader
Dassault to invest €100 million in joint venture with Reliance
The Dassault-Reliance joint venture represents the largest ever foreign direct investment in the defence sector in India, the companies said in a joint statement.
Foundation stone of Rs 6,500 cr Dassault-Reliance aerospace facility laid in Nagpur SEZ
Last year, India and France concluded a Rs 59k cr deal for 36 Rafale jets in a flyaway condition. The deal has a 50% offset clause, amounting to Rs. 30K cr which is to be executed by Dassault.
DIPP panel approves 32 proposals of defence, explosives sectors
The licensing committee considered 33 proposals. Of this, 25 were from defence manufacturing sector, 7 from explosives sector, and one from consumer.
Reliance Aerostructure-Thales JV gets CCI approval
Reliance Infrastructure-promoted Reliance Aerostructure would have 51 per cent stake in the entity. The joint venture would be known as 'Thales Reliance Defence Systems'.
Reliance Aerostructure-Thales joint venture gets CCI nod
Reliance Infrastructure-promoted Reliance Aerostructure would have 51 per cent stake in the entity. The joint venture would be known as 'Thales Reliance Defence Systems'.
Decks cleared for Dhirubhai Ambani Aerospace Park at Mihan
With the BoA nod, the Dhirubhai Ambani Aerospace Park (DAAP) at Mihan, spread over 289 acres, will become the largest greenfield aerospace park in the country.
Reliance Aerostructure Limited joint venture with Rafale manufacturer Dassault Aviation incorporated
Reliance Infrastructure Limited (RInfra)-promoted RAL will have 51 per cent shareholding in the JV and Dassault Aviation (DA) will hold 49 per cent, the company said in a statement.
Reliance Infrastructure arm RDL to collaborate with UAE's Mubadala on advanced aerospace manufacturing
This collaboration is in line with Strata's vision to become one of the top aerospace companies globally.
CCI clears Reliance-Dassault joint venture
Fair trade regulator CCI said in a tweet that it has approved setting up of this JV. Deals beyond a certain threshold require approval from CCI, which keeps a tab on unfair business practices across sectors.
Reliance seeks licence to make defence products at Mihan-SEZ
The company has mooted a similar proposal for a long list of items to be made at the SEZ in Pithampur, Madhya Pradesh also.
Reliance Infrastructure expects Pipavav acquisition to complete in this fiscal
RInfra) expects to complete the acquisition of Pipavav Defence and Offshore Company in this fiscal and would rename the entity.
Reliance Group to set up Rs 6,500 crore aerospace project in Maharashtra
Reliance Group plans to build Dhirubhai Ambani Aerospace Park (DAAP) in Mihan, a site which was selected after extensive survey of sites in various states.
Reliance Aerostructure to get 289-acre Mihan land for chopper unit
Maharashtra has decided to hand over 289 acres of land to Reliance Aerostructure in the Mihan aviation hub here for setting up a facility to manufacture helicopters for both civilian and military operations.
Anil Ambani-led Reliance Group applies for licences in defence, aerospace sectors
Reliance Technologies has applied for manufacture of weapons and ammunition; Reliance Propulsion Systems for spacecraft, launch vehicles and satellites.
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