Latest news with #Dassault
Mint
2 days ago
- Business
- Mint
Reliance Infra share price jumps 5% on deal with Rafale jet maker Dassault Aviation, promoter stake raise
Reliance Infra share price surged as much as 5 per cent in Thursday's trading session to ₹ 404 apiece on the NSE after the company announced a strategic partnership with French aerospace major Dassault Aviation, and promoter Risee Infinity Private Limited acquired an additional stake in the company. Anil Ambani-led company shares opened at ₹ 309.50, as compared to the previous close of ₹ 386.50. Reliance Infra stock has given significant gains to its investors by soaring over 44 per cent in a month and nearly 37 per cent in six months despite a volatile Indian stock market. In an exchange filing dated June 18, the company announced that its promoters have acquired an additional 12,500,000 equity shares, which is a 2.55 per cent stake in the Anil Ambani-led company by way of conversion of warrants. Risee Infinity Private Limited, Reliance Project Ventures and Management Private Limited, Shri Anil D Ambani, Reliance Innoventures Private Limited, Smt. Tina A Ambani, Shri Jai Anmol A Ambani, Shri Jai Anshul A Ambani and Smt. Kokila D Ambani, were the acquirers or persons acting in concert (PAC). Reliance Infra's subsidiary company Reliance Aerostructure, will partner with Dassault to produce Falcon 2000 business jets domestically in India. This is the first instance where Dassault will assemble its Falcon aircraft outside of France. With this milestone, India becomes one of the few countries—alongside the US, France, Canada, and Brazil—that produce business jets for international markets. The first Falcon 2000 aircraft manufactured in India is anticipated to be ready by 2028, designed to meet both corporate and military requirements. Unveiled at the Paris Air Show, the agreement entails establishing a final assembly line at Dassault Reliance Aerospace Limited (DRAL) in Nagpur, Maharashtra. This facility will act as a global centre of excellence for the Falcon series and is also expected to support future assembly projects for the Falcon 6X and 8X models. Under the agreement, Dassault Reliance Aerospace Limited (DRAL)—a joint venture between Dassault and Reliance Aerospace—will set up a cutting-edge final assembly line for the Falcon 2000 aircraft in Nagpur, Maharashtra. This facility will also serve as a Centre of Excellence (CoE) for Dassault's Falcon series, supporting future assembly programmes for models like the Falcon 6X and Falcon 8X.
Mint
2 days ago
- Business
- Mint
Reliance Infra share price jumps 5% on partnership with Rafale jet manufacturer Dassault Aviation
Reliance Infra share price surged as much as 5 per cent in Thursday's trading session to ₹ 404 apiece on NSE after the company announced strategic partnership with French aerospace major Dassault Aviation. Anil Ambani-led company shares opened at ₹ 309.50, as compared to previous close of ₹ 386.50. Reliance Infra stock has given significant gains to its investors by soaring over 44 per cent in a month and nearly 37 per cent in six months despite volatile market. Reliance Infra's subsidiary company Reliance Aerostructure, will partner with Dassault to produce Falcon 2000 business jets domestically in India. This is the first instance where Dassault will assemble its Falcon aircraft outside of France. With this milestone, India becomes one of the few countries—alongside the US, France, Canada, and Brazil—that produce business jets for international markets. The first Falcon 2000 aircraft manufactured in India is anticipated to be ready by 2028, designed to meet both corporate and military requirements. Unveiled at the Paris Air Show, the agreement entails establishing a final assembly line at Dassault Reliance Aerospace Limited (DRAL) in Nagpur, Maharashtra. This facility will act as a global centre of excellence for the Falcon series and is also expected to support future assembly projects for the Falcon 6X and 8X models. Under the agreement, Dassault Reliance Aerospace Limited (DRAL)—a joint venture between Dassault and Reliance Aerospace—will set up a cutting-edge final assembly line for the Falcon 2000 aircraft in Nagpur, Maharashtra. This facility will also serve as a Centre of Excellence (CoE) for Dassault's Falcon series, supporting future assembly programmes for models like the Falcon 6X and Falcon 8X. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Insider
2 days ago
- Business
- Business Insider
Jefferies analysts hold an analyst/industry conference call
EMEA Software & IT Services Analysts Brennan and Agarwal, along with a platinum Dassault reseller of Catia, discuss the latest Gen7 product release as well as current macro-momentum on an Analyst/Industry conference call to be held on June 25 at 10 am. Webcast Link Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Time of India
2 days ago
- Business
- Time of India
Dassault partners Anil Ambani co to make biz jets
NEW DELHI: French aerospace major Dassault Aviation has tied up with Anil Ambani 's Reliance Aerostructure to manufacture Falcon 2000 business executive jets in India for global markets. India will soon join the club of countries that make business jets which includes the US, France, Canada and Brazil. Also this is the first time Dassault, in which Airbus has nearly 10.6% stake, will be making the Falcon 2000 outside France. The two will establish their final assembly line in Nagpur and aim to deliver their first made-in-India jet by 2028. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
2 days ago
- Business
- Time of India
Built in Nagpur, Falcon may be India's 1st home-made biz jet
1 2 Nagpur: The first-ever commercial aircraft made in India may roll out from Nagpur in the next three years. By end of 2028, Falcon 2000 LXS business jet, of France's Dassault Aviation, is planned to be manufactured at the company's joint venture with Anil Ambani's Reliance Aerostructure (a subsidiary of Reliance Infrastructure) at the Mihan Special Economic Zone (SEZ) here. Major assemblies of other versions of the aircraft, like the Falcon 6X and 8X , will also be made here. For Dassault Aviation, this would be the first-ever manufacturing unit for Falcon outside France. The company is eyeing both global and domestic markets with the Mihan facility. The jets are being made for both commercial and military use. The company aims to make as many as 22 aircraft in a year at Nagpur, though the final numbers would also depend on the order book. Financial closure for the Nagpur project has already been completed, said a source. At present, 300 highly skilled personnel are employed here. The numbers would be taken to 1,000 eventually. Dassault Reliance Aviation Limited (DRAL), the joint venture between Dassault and Reliance, has been operating in Mihan-SEZ since 2017. At present, the facility makes components of both the Falcon and Rafale fighter jets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Forget Furosemide, Use This Household Item To Help Drain Edema Fluid WellnessGuide Learn more Undo DRAL started with making nose cones for Falcon and gradually expanded. The first front section of the Falcon 2000 was delivered in 2019. Over 100 subsections have been delivered so far, finally getting close to making an entire aircraft. The ultimate plan was to make a full-fledged Falcon 2000 jet in Nagpur. It was, however, delayed for various reasons, including Covid impacting the aviation business, said sources. Finally, decks have been cleared for rolling out the Falcon 2000 at Mihan. On Wednesday, DRAL made a formal announcement of the timeline to make the aircraft at Mihan at the Paris Air Show. Dassault chairman Eric Trappier, in a statement, said DRAL will become the first centre of excellence for Falcon series aircraft outside France, which will help establish the final assembly line for the Falcon 2000 in India.
