India's Reliance Infra to invest $1.2 bln for ammunition project
Oct 22 (Reuters) -Indian industrialist Anil Ambani's Reliance Infrastructure RLIN.NS said on Tuesday it will invest 100 billion rupees ($1.19 billion) over the next ten years on a project to produce explosives, ammunition and small arms.
India, which counts the Tata Group, the Adani Group and Larsen & Toubro as major private defence manufacturers, has been pushing to increase domestic production of defence equipment, with exports hitting an all-time high of 210.83 billion rupees in the previous fiscal year.
Reliance Infra will set up the project in the western state of Maharashtra and is aiming for potential joint ventures with six global defence companies, the company said in an exchange filing, without giving any further details.
It currently operates JVs with French defence firms Dassault Aviation AM.PA and Thales TCFP.PA. The JVs export to countries such as France, and their products include engine doors for the Rafale fighter jet.
Reliance Infra, whose units already have licences from the government to make arms and ammunition, has exported defence equipment worth more than 10 billion rupees over an unspecified period.
($1 = 84.0460 Indian rupees)
Reporting by Manvi Pant in Bengaluru; Editing by Varun H K
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
