Reliance Infra Hits 5% Upper Circuit After Subsidiary Secures ₹600 Crore Deal from German Defence Firm
After Reliance Infrastructure revealed that its subsidiary Reliance Defence had acquired a sizable export contract worth Rs 600 crore, the company’s shares surged 5% to lock in the upper circuit on June 25.
Reliance Infra stated in its exchange statement that its subsidiary has obtained an export order from Rheinmetall Waffe Munition GmbH, a German defence and ammunition producer.
This is one of the biggest orders in the high-tech ammunition industry to date, according to the business. “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 stated.
According to the exchange filing, Reliance Defence wants to rank among the top three defence exporters in the nation. The partnership between the German company and the firm demonstrates both sides’ dedication to long-term collaboration and to advance the “Make in India” and “Atma Nirbhar Bharat” objectives by bolstering domestic military manufacturing capabilities, the statement continued.
According to Armin Papperger, CEO of Rheinmetall AG, the partnerships demonstrate the company’s steadfast dedication to working with India under Prime Minister Narendra Modi’s direction.
“The strategic partnership with Rheinmetall brings cutting-edge capabilities to India and represents a defining milestone for the country’s private defence manufacturing sector,” stated Anil Ambani, the founder and chairman of Reliance Group. Our goal is to place Reliance Defence among the top three defence exporters in the world, guided by Prime Minister Shri Narendra Modi’s vision of Aatmanirbhar Bharat. By doing this, we hope to empower India to become a reliable partner in the global defence supply chain in addition to being able to confidently meet its own defence demands.”
As part of the Dhirubhai Ambani Defence City (DADC) concept, Reliance Defence plans to build an integrated facility for the production of explosives, ammunition, and small guns, the firm stated in its exchange filing. “The DADC, which is being built in Ratnagiri, Maharashtra’s Watad industrial district, is expected to grow into the biggest greenfield defence project ever carried out by a private enterprise in India. The defence industry’s future innovation, advanced manufacturing, and export-focused expansion will be anchored by the DADC,” it continued.
Shares of Reliance Infra have increased by around 38% in the last month and by almost 27% so far in 2025. Notably, throughout the last five years, the stock has increased by more than 1,000 percent. At the moment, its adjusted P/E ratio stands at 2.09.
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