Reliance Infrastructure (RInfra) has taken over the management and control of Pipavav Defence & Offshore Engineering Company (PDOC) and will hold 36.5% of the equity capital of Pipavav Defence & Offshore Engineering Company. RInfra along with defence SPVs are the new promoters of PDOC and the company will be renamed as Reliance Defence and Engineering.
This is the largest acquisition in the defence sector in India and PDOC is uniquely placed to tap growth opportunities in the defence industry under ‘Make in India’ Programme.
PDOC is participating in various programmes in the field of new ship-building and Maintenance, Repair and Overhaul (MRO) which are in various stages of RFP/ RFI of worth more than Rs 1,80,000 crore.
