Reliance Infrastructure Ltd, the flagship company of Anil Ambani’s Reliance Group, is targeting Rs 3,000 crore from the export of 155 mm ammunition and aggregates by the end of financial year 2027.
In a significant development for India’s defence industries, Reliance Infrastructure, under the leadership of Anil Ambani become the first Indian private sector company to design and develop four types of new generation 155mm artillery ammunition. Adding to the development, the Anil Ambani’s company is also expecting to receive orders worth Rs 10,000 crore from the Indian Ministry of Defence (MoD) over the next 10 years.
Defence exports of Reliance Infrastructure
As a part of its export plan, Reliance Infrastructure Ltd, the flagship company of Anil Ambani’s Reliance Group, is targeting Rs 3,000 crore from the export of 155 mm ammunition and aggregates by the end of financial year 2027, as per a report by news agency PTI.
In the current year itself, the company is estimated to export Rs 1,500 crore of large calibre ammunition.
Reliance Infrastructure has already clocked exports of up to Rs 100 crore of artillery ammunition and aggregates and is aiming to be among the top three exporters of defence equipment in India, sources aware of the matter said.
In order to fulfill the export order, the Anil Ambani’s Reliance Group has been allotted 1,000 acres of land in Watad Industrial Area of Ratnagiri, Maharashtra to develop DADC. The new project of the Anil Ambani group will be the largest greenfield project in the defence sector in India by any private sector company.
As per the recent update, the company is setting up an integrated explosives and ammunition manufacturing plant in DADC.
Key export market for Reliance Infra
The key export market for Reliance includes countries in the European Union, focusing on large restocking demand for artillery ammunition. According to the experts, the market size for restocking is estimated at Rs 4,00,000 crore.
As per a report by news agency PTI, a Reliance Infrastructure spokesperson confirmed that the ammunition export is the key priority of the company as it develops Dhirubhai Ambani Defence City (DADC) in Ratnagiri, Maharashtra, with a capital outlay of Rs 5,000 crore.
(With inputs from agencies)
