Anil Ambani’s Reliance Defence has signed an agreement with German arms manufacturer Rheinmetall AG for the supply of ammunitions like artillery shells and explosives from a new facility to be set up in Maharashtra. “Reliance Infrastructure Ltd-promoted Reliance Defence Ltd (Reliance Defence) and Dusseldorf-based Rheinmetall AG have agreed on a strategic partnership in the field of ammunition. An Agreement to this effect has now been signed by the representatives of both companies,” the Indian firm said in a statement.
This is the third defence tie-up by the group after joint ventures with Dassault Aviation and Thales of France. “The collaboration between the companies will include the supply of explosives and propellants for medium and large calibre ammunition to Rheinmetall by Reliance,” it said.
Furthermore, the two companies intend to engage in joint marketing activities for selected products and may extend their cooperation based on future opportunities. The EUR 80 billion Rheinmetall AG excels in critical domains, such as armoured vehicles, infantry fighting vehicles, advanced air defence systems, and state-of-the-art ammunition technology. At the pinnacle of its portfolio is the Leopard 2A7, widely recognised as one of the most sophisticated main battle tanks worldwide.
