Reliance Defence Limited, a subsidiary of Reliance Infrastructure, has entered a strategic cooperation agreement with Germany’s Diehl Defence to locally manufacture the advanced Vulcano 155 mm precision-guided munition system. The partnership, valued at approximately ₹10,000 crore (~USD 1.2 billion), marks a major milestone in India’s defence manufacturing landscape, aligning with the government’s Make-in-India and Atmanirbhar Bharat initiatives .
Under the agreement, Reliance Defence will lead the establishment of a greenfield ammunition and explosives manufacturing facility in Watad Industrial Area, Ratnagiri, Maharashtra, capable of producing up to 200,000 artillery shells annually—backed by Diehl Defence’s cutting-edge laser- and GPS-guided Vulcano technology The “Make in India-II” framework drives over 50% local content, boosting India’s defence exports and technological self-reliance .
Helmut Rauch, CEO of Diehl Defence, said, “We look forward to strengthening our partnership with Reliance Defence to deliver advanced terminally guided munitions to the Indian Armed Forces.” Anil D Ambani, Founder & Chairman of Reliance Group, added, “This alliance accelerates India’s defence manufacturing capabilities and positions Reliance Defence as a key player in the global defence supply chain.”
This collaboration is expected to generate substantial revenue—up to ₹10,000 crore—while establishing Reliance Defence among India’s top-tier defence exporters. It also aligns with the goal of reaching ₹50,000 crore in defence exports by 2029 through increased localization and global partnerships
The Reliance Group encompasses two flagship companies—Reliance Infrastructure Limited and Reliance Power Limited—both of which are debt-free, with no outstanding loans from banks or financial institutions. This robust financial position is underscored by the Group’s impressive net worth, annual turnover, and market capitalization, each standing at ₹33,000 crore. With a shareholder base exceeding 4 million, the Group reflects strong investor confidence and financial resilience.
Reliance Infrastructure Limited operates across the energy and infrastructure sectors, with a significant presence in power distribution in Delhi and power generation. The company is also actively engaged in defense manufacturing and plays a pivotal role in infrastructure development through various Special Purpose Vehicles (SPVs). Key projects under its belt include the Mumbai Metro and multiple airport development initiatives, showcasing its capability in executing large-scale infrastructure ventures.
Reliance Power Limited is one of India’s leading private sector power generation companies, with a total installed capacity of 5,340 MW. This includes the landmark 4,000 MW Ultra Mega Power Project in Sasan, Madhya Pradesh, which holds the distinction of being the world’s largest integrated thermal power plant. The company continues to contribute significantly to India’s energy needs while maintaining operational excellence.
