Anil Ambani wants to make military choppers. Here’s how
Advertisement
Anil Ambani, the chairman of Reliance Group , is keen on making a big-bang entry in the fastest growing defence sector of the country. If news reports are to be believed, the Indian armed forces would require more military choppers over a period of time and the Mumbai-based conglomerate is hoping to make he most of this untapped opportunity.
According to The Economic Times, Reliance Infrastructure is set to bid for two major military chopper contracts worth more than $ 3 billion. Reliance Infrastructure, a subsidiary of theAnil Dhirubhai Ambani Group (ADAG) has recently picked up a controlling stake in Pipavav Defence , a private shipyard based in Gujarat.
The leading business daily reported thatAnil Ambani met top executives from chopper manufacturers like Bell, AgustaWestland and Airbus over the past few weeks. It also quoted sources saying that Reliance Infrastructure has collaborated with a European manufacturer through one of its subsidiaries and has responded to a request for information (RFI) by the Indian Navy , which needs more than 100 Naval Utility Helicopters.
Apart from Indian Navy, Anil Ambani is also prepping to respond to the demand for 197 light helicopters of theIndian Army as well as Indian Air force (IAF), in a bid to help the forces maintain troops in high altitude areas, glitch-free, the ET said.
(Image: itimes)
Advertisement
Advertisement
According to The Economic Times, Reliance Infrastructure is set to bid for two major military chopper contracts worth more than $ 3 billion. Reliance Infrastructure, a subsidiary of the
The leading business daily reported that
Apart from Indian Navy, Anil Ambani is also prepping to respond to the demand for 197 light helicopters of the
(Image: itimes)
Advertisement
- Markets bounce back in early trade on firm global trends; buying in ITC, Reliance
- Rupee trades in narrow range against US dollar in early trade
- Online Privacy and Data Security
- 5 things to avoid doing if your phone gets wet
- Intense rains quench Uttarakhand’s wildfire frenzy; Supreme Court tells state govt. to stop relying on rain god
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market