Acquisitions25 Jun 2025, 02:54 pm
Reliance Defence Secures INR 600 Crore Export Order from Rheinmetall, Germany's Leading Defence Manufacturer
AI Summary
Reliance Defence, a subsidiary of Reliance Infrastructure Ltd, has secured an export order worth INR 600 crore from Rheinmetall Waffe Munition GmbH, a leading German defence and ammunitions manufacturer. This is one of the largest contracts in the high-tech ammunition domain and underscores the strength of its recently announced strategic partnership with Rheinmetall. 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. Reliance Defence aims to be amongst top three Defence exporters in the country, aligning with the ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives.
Key Highlights
- Reliance Defence secures INR 600 crore export order from Rheinmetall, one of the world's largest defence conglomerates.
- This is one of the largest contracts in the high-tech ammunition domain, representing a key milestone in Reliance Defence’s global strategy.
- The order underscores the strength of Reliance Defence’s recently announced strategic partnership with Rheinmetall.
- Reliance Defence aims to be amongst top three Defence exporters in the country, aligning with the ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives.
- Rheinmetall AG, headquartered in Germany, has a market capitalisation of over EUR 80 billion and concluded the calendar year 2024 with an annual revenue of EUR 9.8 billion.