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Reliance Infra shares jump 4% after Dassault jet manufacturing deal

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Shares of Reliance Infrastructure rallied 4.2% to hit the day’s high of Rs 403 on BSE on Thursday, after the Anil Ambani-led company announced a strategic partnership with French aerospace major Dassault Aviation. Its subsidiary, Reliance Aerostructure, will collaborate with Dassault to manufacture Falcon 2000 business jets in India.

This marks the first time Dassault will assemble its Falcon aircraft outside France. With this development, India joins a select group of nations—including the US, France, Canada, and Brazil—that manufacture business jets for global markets.

The first ‘Made in India’ Falcon 2000 is expected by 2028 and will cater to both corporate and military needs.

Announced at the Paris Air Show, the agreement includes the setup of a final assembly line at Dassault Reliance Aerospace Limited (DRAL) in Nagpur, Maharashtra. The facility will serve as a global centre of excellence for the Falcon series and is expected to support future assembly programs for the Falcon 6X and 8X as well.

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Anil D. Ambani, Founder Chairman of Reliance Group, and Eric Trappier, Chairman and CEO of Dassault Aviation, reiterated that the agreement reflects Dassault’s commitment to the ‘Make in India’ initiative. “This collaboration is a powerful expression of our commitment to Prime Minister Shri Narendra Modi’s vision of ‘Atmanirbhar Bharat’ and ‘Make in India for the World’,” Ambani said.
“It marks the ramp-up of DRAL, in line with the strategic vision shared with our partner Reliance,” added Trappier.
The partnership includes the transfer of key production processes to DRAL, such as the assembly of the Falcon 2000 fuselage, wings, and front section, along with front fuselage work for the Falcon 8X and 6X. Dassault also plans to upgrade the facility to support these advanced assembly lines.
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DRAL, a joint venture established in 2017, has already delivered over 100 Falcon 2000 sub-sections from its Nagpur facility. The new assembly line will significantly expand operations and is expected to generate several hundred skilled jobs over the next decade.

The aviation deal follows another major announcement by Reliance Defence—also a Reliance Infrastructure subsidiary—which recently signed a Rs 10,000 crore agreement with Germany’s Diehl Defence for the local production of the Vulcano 155mm precision-guided munition system.

Separately, Reliance Infrastructure has completed the allotment of 1.25 crore fully paid-up equity shares at Rs 240 per share, raising Rs 300 crore as part of its accelerated warrant conversion. The shares were issued to promoter group entity Risee Infinity Private Limited.

This capital infusion is part of a larger preferential issue worth Rs 3,014.40 crore announced in October 2024 under SEBI (ICDR) Regulations. The company said the fresh funds will enhance financial flexibility and support long-term growth.

Reliance Infra share performance

Reliance Infra shares have gained 67% over the past three months and 155% over the past two years. The company’s market capitalisation stands at Rs 15,292 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)



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