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Reliance Infrastructure’s defence arm tied up with Germany’s Diehl Defence to produce next-gen terminally guided munitions (TGMs) for the Indian Armed Forces.
This move could spark ₹10,000 crore in revenue potential.
Think of next-gen TGMs like super-smart missiles that can spot and chase their target in the last moments before hitting even if the target moves or tries to hide.
The deets: under the deal, Reliance will locally produce the Vulcano 155 mm precision-guided munition system.
To support this, the company will invest ₹5,000 crore over five years to set up a high-tech greenfield ammunition and explosives plant in Ratnagiri’s Watad Industrial Area.
Ratnagiri is a smart choice with its strategic coastal location, proximity to naval hubs, and strong road/rail links.
Background: this is Reliance Group’s fourth global defence tie-up, adding to its partnerships with Dassault Aviation, Thales, and Rheinmetall (which it joined forces with last month to supply ammunition components).
Zoom out: with Make in India driving procurement, joint ventures in missiles, precision bombs, and surveillance are booming, and Reliance is positioning itself at the heart of this new-age arsenal.
