Department of Industrial Policy and Promotion (DIPP) has given its nod for 12 industrial licenses to Reliance Defence. CNBC-TV18’s Rituparna Bhuyan says that the licenses are for land, naval, and air projects. Reliance Defence was earlier known as Pipavav Defence. Anil Ambani-led Reliance Group had last year announced plans to acquire controlling stake in Pipavav Defence for upto Rs 2,082 crore. Watch video for more
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