Reliance Defence, a wholly owned subsidiary of Reliance Infrastructure, has signed a strategic partnership agreement with state owned Ukroboronprom of Ukraine, Spetstechno Export and Antonov. Under the agreement, Reliance and Antonov will jointly bid for the Medium Military Transport Aircraft program of the HAL. In addition to this, the two companies will also collaborate for assembly, manufacture and maintenance, repair and overhaul (MRO) of Antonov series of aircraft to address the requirements of the Indian market and also the agreed Global markets. Cooperation will also cover upgrades for the BMP 2 and Armored Vehicles, Unmanned Aerial Vehicles and Marine Gas Turbines for the Indian Navy Frigate program.
Reliance Infrastructure (RInfra) is a constituent of the Reliance Group, one of the leading business houses in India. RInfra, incorporated in 1929, is amongst the largest and fastest growing companies in the infrastructure sector with turnover of Rs 18,852 crore and market capitalization of over Rs 11,300 crore as on March 31, 2015. RInfra is also the leading utility company having presence across the entire value chain of power businesses i.e. generation, transmission, distribution and trading of power.
