Rafale deal makes no mention of Reliance Defence: Sitharaman

Defence minister Nirmala Sitharaman said India’s deal to acquire 36 Rafale jets was inked with the government of France, and that the deal does not require the French supplier to partner with Anil Ambani-led Reliance Defence. Sitharaman was answering a question raised by Congress MP Sanjay Singh about whether Dassault Aviation entered into a joint […]

SKIL Infra counter sues Reliance Infra over Pipavav deal, seeks Rs 8130 cr

Within hours of getting an arbitration notice from Reliance Infrastructure seeking damages of Rs 5,440 cr, SKIL Infrastructure has counter sued the Anil Ambani Group firm for a higher amount. The infrastructure company, the former promoter of Pipavav Defence, also denied the charges made by Reliance Infrastructure on Monday. In a statement, Reliance Infrastructure had […]

Reliance Infrastructure starts Rs 5,440 cr arbitration against Pipavav founders

Anil Ambani Group controlled Reliance Infrastructure said it has issued a notice of arbitration against the founders of Pipavav Defence and Engineering Limited seeking Rs 5,440 cr for “breach of warranties”. Reliance Infrastructure emerged as the biggest shareholder in┬áPipavav Defence and Engineering Limited in 2015, and subsequently renamed it to Reliance Naval and Engineering Limited. […]

Reliance Naval says not worried about IFC’s insolvency petition

Reliance Naval and Engineering, the defence production arm of the Anil Ambani group, said it was not worried about the petition filed by bankruptcy petition filed by IFC. It said the international organization does not have its loan secured against the assets of the company. Unsecured creditors come lower in priority compared to secured creditors, […]

Reliance Defence Engg launches patrol ships for Indian Navy

Reliance Defence and Engineering, controlled by Reliance Infrastructure, said it ‘launched’ the first two of its five patrol vessels being built for the Indian Navy at its shipyard in Pipavav, Gujarat. The ships are being constructed under the “P-21” project. The Company is also engaged in construction of one Training ship and fourteen Fast Petrol […]

Reliance Infra defence unit inks one more deal to help with Rafale work

Reliance Defence, the defence-focused subsidiary of Reliance Infrastructure, said it entered into yet another agreement with an overseas company. This time, the company said it tied up with Daher Aerospace, France, a supplier of integrated systems for aeroplanes. “Daher Aerospace is tier one manufacturer in Aerostructures segment comprising Fuselage Sections and Fairings made of composites […]

Anil Ambani Group ties up with Thales for Rafale contracts

Reliance Defence, the defence manufacturing arm of the Anil Ambani group, said it will form a joint venture in India with global defence manufacturer Thales to carry out some contracts related to the Rafale jet deal. The Indian company will hold 51% of the equity while the foreign entity will hold the remaining. Reliance Defence […]

Anil Ambani’s Reliance Defence and Engineering to enter the oil rig business

Reliance Anil Ambani Group said its unit Reliance Defence and Engineering Ltd partnered with US-based oil rig comopany ALLRIG to provide jack-up rigs, drilling rigs and other floating fixed oil & gas assets in India. “The association will be helpful in providing solutions for class approved spares, repairs, upgradation and warranty support for critical equipments […]