The shares of Reliance Infrastructure jumped 5 percent to get locked in the upper circuit on June 25 after the company announced that its subsidiary Reliance Defence has secured a significant export order worth Rs 600 crore.
In its exchange filing, Reliance Infra said that its arm has secured the export order from German defence and ammunitions-manufacturer Rheinmetall Waffe Munition GmbH.
The company said that this is one of the largest order in the high-tech ammunition domain till date. "The order represents a key milestone in Reliance Defence's strategy to strengthen its position as a reliable partner in the global defence and munition supply chain, with a particular focus on Europe," it added.
Reliance Defence aims to be among the top three defence exports in the country, the exchange filing read. The collaboration between the firm and the German company highlights the mutual commitment of both parties to long-term cooperation, and to advancing the 'Atmanirbhar Bharat' and 'Make in India' initiatives by strengthening indigenous defence manufacturing capabilities, it added.
Rheinmetall AG CEO Armin Papperger said the collaborations marks the company's strong commitment to partner with India under the leadership of Prime Minister Narendra Modi.
Anil Ambani, the Founder Chairman of Reliance Group, meanwhile said, "The strategic partnership with Rheinmetall brings cutting-edge capabilities to India and represents a defining milestone for the country’s private defence manufacturing sector. Guided by the vision of Aatmanirbhar Bharat, as championed by Prime Minister Shri Narendra Modi, our ambition is clear — to position Reliance Defence among the world’s Top 3 defence exporters. Through this, we aim to enable India not only to meet its domestic defence needs with confidence, but also to establish itself as a trusted force in the global defence supply chain."
In its exchange filing, the company said that Reliance Defence aims to be establish an integrated facility for the manufacturing of explosives, ammunition, and small arms under the Dhirubhai Ambani Defence City (DADC) initiative. "The DADC is being developed in the Watad industrial area of Ratnagiri, Maharashtra, and is set to become the largest greenfield project in the defence sector ever undertaken by any private company in India. The DADC will serve as a cornerstone for future innovation, advanced production, and export-oriented growth in the defence sector," it added.
Reliance Infra shares have gained nearly 38 percent in the past one month, and nearly 27 percent in 2025 so far. Notably, the stock has surged over 1,000 percent in the past five years. It currently has an adjusted P/E ratio of 2.09.
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