Reliance Defence MRO market: Reliance Defence Limited, led by Anil Ambani, has made a big announcement this week. The company shared that it has partnered with Coastal Mechanics, a firm from the United States, to explore defence upgrade and repair projects in India.
The total market for this kind of work in India is worth around ₹20,000 crore. Both companies are planning to work together to offer complete maintenance, repair, overhaul, and upgrades for the Indian military’s important equipment. They want to help extend the life of the existing systems instead of replacing them completely.
This partnership will work on major platforms like over 100 Jaguar fighter jets, more than 100 MiG-29 jets, and a whole fleet of Apache helicopters. Not just that, they will also take care of older defence weapons like the L-70 air defence guns and other systems that have been used for many years. These old platforms need regular care and new upgrades to keep working properly for a long time.
Indian Navy Rescues Stranded Vessel in Gulf of Oman
Both companies are also planning to set up a new joint venture in Nagpur. This venture will not only serve India’s defence needs but will also aim to take these services to other countries. The idea is to provide better solutions and modern support for military machines that have already been used for many years.
Made-in-India Falcon jet
They said this area is a big opportunity because the Indian military now wants to make its equipment last longer instead of always buying new machines. The military wants better performance and long-term support, so the demand for such services will keep growing.
This new tie-up with the US firm comes just days after another big update from Reliance. Dassault Aviation, a French aircraft maker, joined hands with Reliance Aerostructure Limited to start making Falcon 2000LXS business jets in India. This is the first time Dassault will build these luxury planes outside France. These jets will be built at a special plant in Nagpur and will be sold around the world. The companies signed this agreement during the Paris Air Show. They have also said that the first Made-in-India Falcon jet will be ready to fly by 2028 from the DRAL (Dassault Reliance Aerospace Ltd) facility in Nagpur, reported Hindustan Times.
Strong Q4 Earnings
Reliance Infrastructure, another company under the Reliance group, has shared its financial results for the fourth quarter of the year 2024-25. according to Business Standard, the company reported a huge profit of ₹4,387.08 crore in Q4 FY25. This is a big improvement, especially when compared to the same quarter last year, when the company had a loss of ₹220 crore. Even though the profit went up, the income from business operations went down by 12 per cent. It dropped to ₹4,108.01 crore from ₹4,685.96 crore compared to last year’s same quarter.
After BrahMos and Astra Gains, IAF Eyes Next Leap With S-400, R-37M, and Su-30MKI Upgrade
The company also said that after removing an exceptional income of ₹514 crore, the adjusted EBITDA stood at ₹8,876 crore. This number is about 681 per cent higher than what they earned in Q3 FY25, which was ₹1,136 crore. On the Bombay Stock Exchange (BSE), the shares of Reliance Infrastructure were last seen trading at ₹412.85 at the close of the market on Monday.
