Reliance Defence inks pact with German firm
Reliance Defence Limited, a company promoted by Reliance Infrastructure Limited, has entered into a strategic partnership with Düsseldorf-based Rheinmetall AG in the field of ammunition, according to a statement issued by Reliance.
Under the agreement, Reliance will supply Rheinmetall with explosives and propellants for medium and large-calibre ammunition. The partnership marks a significant step in strengthening Reliance’s defence manufacturing capabilities. Anil Ambani is the Chairman of the Reliance Group.
As part of the collaboration, Reliance will establish a greenfield manufacturing facility in Ratnagiri, Maharashtra.
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