Rel Infra bets on defence, focus on execution, margin

In a meeting with analysts yesterday Anil Ambani talked about the group's defence business plans. According to analysts, it is a big opportunity for the company and expect the total sales to reach 15,000 crore in next 5-7 years.They have pegged the domestic defence opportunity at 15 lakh crore. The big takeaway from the meeting was that the capital expenditure (capex) of the company will be minimum. Relinace Infrastructure's focus will be on execution, margin and order booking.  

Analyst Dhirendra Tiwari said that defence is one of the most important areas of growth for the country and “Reliance Group is very well placed in terms of overall opportunity.”

Speaking to CNBC-TV18, the analyst at Antique Stock Broking said, “We will start seeing the execution to rollout in financial year 2019.”

He also said that the orders for Indian companies should start rolling out in financial year 2018.