Reliance Defence wins Rs.916 cr contract from Defence Ministry
The Dollar Business Bureau Reliance Defence and Engineering Ltd (RDEL), a fully-owned subsidiary of Reliance Infrastructure Ltd (RInfra), has signed a contract worth Rs.916 crore with Ministry of Defence for designing and construction of 14 fast patrol vessels (FPV) for the Indian Coast Guard. Ministry of Defence has undertaken a competitive bidding process, in which RDEL emerged a winner among participants of all public and private sector shipyards including L&T, Goa Shipyard Ltd, Cochin Shipyard Ltd, Garden Reach Shipbuilders & Engineers Ltd (GRSE), said a statement released by the company. It is for the first time that a private player has been given a contract for designing and building such class vessels for India’s Armed Forces. RDEL will develop the design at its in-house facility, ...
Reliance Defence inks pact with 3 Ukrainian firms
Source: PTI Reliance Defence has signed strategic partnership agreement with three Ukrainian state- owned companies which will allow them to collaborate on a range of military products including transport aircraft, upgrade of armoured vehicles, maritime gas turbines and unmanned aerial vehicles. The development follows a meeting between Reliance Group Chairman Anil Ambani and Ukrainian President Petro Poroshenko in Ukraine this week. During the hour long meeting, the two leaders discussed issues of strategic interest between the Indian and Ukrainian defence and aerospace industry. "As a follow up of the meeting, a Strategic Partnership Agreement was signed between State Owned Ukroboronprom of Ukraine and Reliance Defence, which will allow it to collaborate with Antonov for its range of military and ...
Government allows foreign firm to bid for a domestic helicopter contract
The Dollar Business Bureau In a move to promote the Make in India, the Government of India has decided to allow a foreign firm to bid for a Naval Utility Helicopter (NUH) contract, on the condition that the firm ties up with a local vendor. According to the Defence News, the Indian government is likely to allow the Italy-based AugustaWestland to bid for NUH for the Indian Navy. The contract by the Indian Navy, for the supply of 100 light-utility vehicles is estimated to be worth around US$ 2 billion, the report informed. Responding to the Indian Navy’s Request for Information (RIF) over the NUH contract, the Anglo-Italian defence firm is fielding the AW-109 helicopter and has submitted its ...
