Reliance Infra to set up integrated project for manufacturing explosives, ammunition, small arms

Reliance Infrastructure, part of the Reliance Group led by top businessman Anil Ambani, on Tuesday announced the establishment of a mega integrated project for manufacturing explosives, ammunition and small arms in Maharashtra's Ratnagiri. The company said it had been allotted 1,000 acres of land in Watad Industrial Area in Ratnagiri to develop Dhirubhai Ambani Defence City (DADC), set to be the largest green-field project by any private sector company in the country's defence space. 

The integrated project will be set up by Reliance Defence, a company promoted by Reliance Infrastructure.

The proposed Projects envisage potential joint ventures with up to six leading global defence firms, said Reliance Infrastructure, also known as RInfra.   

Reliance Infrastructure will invest more than Rs 10,000 crore over the next 10 years for the integrated project.

Through its subsidiaries, Reliance Infrastructure has exported defence equipment worth more than Rs 1,000 crore over a period of time, the company said. 

Reliance Infrastructure’s wholly-owned subsidiaries, Jai Armaments and Reliance Defence, already hold government licenses for the manufacturing of arms and ammunition. 

Its ammunition range, as part of the development, will include small, medium and large caliber and terminally-guided munition (TGM). 

The company said the small arms portfolio will address the export markets, spanning both civil and military applications. 

The Reliance Group already has successful joint ventures at MIHAN in Maharashtra's Nagpur with Dassault Aviation and Thales of France. Both global firms export 100 per cent of their production. 

Reliance Infrastructure and Reliance Power are two prominent companies under the Reliance Group umbrella. Both companies are debt-free with zero outstanding loans from banks or financial institutions. 

The strength of the Reliance Group is reflected in its net worth, annual turnover, and market capitalisation, amounting to Rs 33,000 crore, with a shareholder base exceeding four million.

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