Latest news with #Falcon2000
Mint
a day 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.
Time of India
a day ago
- Business
- Time of India
Reliance Infra shares rally over 1,400% in 5 years. Is there more upside left?
Reliance Infrastructure shares have delivered stellar long-term gains, surging over 1,400% in the past five years. The momentum has continued in recent sessions, with the stock rising 45% in the last one month and gaining 10% in just the past two trading days. The rally picked up pace after the company announced a strategic partnership between its subsidiary, Reliance Aerostructure, and French aerospace major Dassault Aviation to manufacture Falcon 2000 business jets in India. But beyond the news-driven rally, technical indicators suggest there could still be more room to run. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 얼굴 기미, 더 이상 헛돈쓰지말고 이렇게 해보세요 (청담 피부원장 노하우) 두아이연구원 Undo Technical indicators point to further upside Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Kunal V Parar, VP – Technical Research & Algo at Choice Broking, said the stock has shown strong momentum, breaking above a key swing high on the weekly chart—an indicator of potential further gains. "On the weekly chart, the stock is comfortably trading above its 100-week and 200-week moving averages, reflecting a strong bullish trend. On the monthly chart, the stock appears to be on the verge of a Cup and Handle breakout, which suggests a continuation of the ongoing momentum," he said. Live Events He also noted a bullish breakout in the RSI on the weekly timeframe, suggesting strengthening positive breadth in the counter. "We expect the stock to continue its upward journey towards the Rs 420–470 zone, with a strict stop loss at Rs 344," Parar added. Laxmikant Shukla, Senior Manager – Technical Analyst at YES SECURITIES, also pointed to a strong technical reversal. 'The stock formed a bullish tweezer bottom reversal pattern on the daily chart, negating the five-day correction phase and breaking the sequence of lower highs and lower lows,' he said. He noted that the rebound was supported by rising trading volumes and a bullish crossover in the stochastic oscillator, both of which confirm renewed buying interest. "From a risk-reward standpoint, the stock looks well-positioned to extend its upward movement in the near term. We recommend buying Reliance Infra shares in the range of Rs 385–388, with a stop loss at Rs 375 and a target price of Rs 414," Shukla said. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? Dassault jet manufacturing deal Reliance Infrastructure's recent rally was also supported by its aviation venture. The company has partnered with Dassault Aviation to manufacture Falcon 2000 business jets in India—the first time the French firm will assemble these jets outside France. Announced at the Paris Air Show, the agreement involves setting up a final assembly line at Dassault Reliance Aerospace Limited (DRAL) in Nagpur, Maharashtra. The plant will serve as a global centre of excellence for Falcon jets and may also support future Falcon 6X and 8X programs. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? Capital infusion to boost growth plans In a separate update, the company has raised Rs 300 crore through the allotment of 1.25 crore fully paid-up equity shares at Rs 240 per share. The shares were issued to promoter group entity Risee Infinity Private Limited as part of an accelerated warrant conversion. This infusion is part of a larger preferential issue worth Rs 3,014.40 crore announced in October 2024. According to the company, the fresh funds will enhance financial flexibility and support long-term growth. ( 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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Business Standard
a day ago
- Business
- Business Standard
Stock Market LIVE Updates: Sensex, Nifty flat; SMIDs slip; Siemens Energy, Reliance Infra up 5% each
Sensex Today | Stock Market LIVE on Thursday, June 19, 2025: Titan Company, Eicher Motors, Shriram Finance, Kotak Bank, Bharat Electronics, Hero MotoCorp, and Tata Motors were the top Nifty gainers 10:41 AM Stock Market LIVE Updates: Reliance Infrastructure shares gain 5% Stock Market LIVE Updates: Anil-Ambani led Reliance Infrastructure shares extended rally for the second session and gained 10 per cent in two days after Dassault Aviation and Reliance Infrastructure' subsidiary, Reliance Aerostructure Limited (RAL), announced a landmark strategic partnership at the Paris Air Show today. The two companies will manufacture Falcon 2000 business executive jets in India for the global markets. The partnership represents a significant step in advancing India's aerospace manufacturing capabilities. Dassault Aviation will manufacture Falcon 2000 jets outside of France for the first time in its storied history. This pioneering initiative will see India emerge as a strategic center for high-end business jet manufacturing. 9:20 AM Stock Market LIVE Updates: Here's a look at Sensex gainers and losers 9:19 AM Stock Market LIVE Updates: Nifty50 flat below 24,800 Stock Market LIVE Updates: NSE Nifty50 was flat with a neagtive bias and was trading below 24,800-mark. 9:17 AM Stock Market LIVE Updates: Sensex down 70 pts after market opens, below 81,400 Connect with us on WhatsApp
Mint
a day 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.
Times of Oman
a day ago
- Business
- Times of Oman
Reliance Aerostructure, Dassault to manufacture Falcon 2000 jets in India for global market
New Delhi: Reliance Infrastructure Ltd subsidiary, Reliance Aerostructure Limited (RAL) and French manufacturer Dassault Aviation have announced an agreement to manufacture Falcon 2000 LXS Business Executive Jets in India for the Global Market. The development is particularly significant since the French manufacturer will be manufacturing Falcon 2000 jets outside France for the time time, an indication of India's increased importance in the global aviation manufacturing. Dassault Aviation, in a press statement, said that this is an epic moment for India as it joins the elite club of countries manufacturing next-generation business jets after the United States, France, Canada and Brazil. DRAL will be the first Centre of Excellence (CoE) outside of France for Dassault Aviation's Falcon series, including the Falcon 6X and Falcon 8X programs. Eric Trappier, Chairman and CEO, Dassault Aviation said: "This new agreement, which will make DRAL the first centre of excellence for Falcon assembly outside France and which will eventually enable the establishment of a final assembly line for the Falcon 2000, illustrates, once again, our firm intent to meet our 'Make in India' commitments, and to contribute to the recognition of India as a major partner in the global aerospace supply chain. It marks the ramp-up of DRAL, in line with the strategic vision shared with our partner Reliance, which led to its creation in 2017 and is a testament to our unwavering belief in our future in India and serving India." Anil D Ambani, Founder Chairman, Reliance Group said, "This collaboration reflects our commitment to Prime Minister Shri Narendra Modi's vision of 'Atmanirbhar Bharat (Self Reliant India)' and 'Make in India for the World'. Our partnership with Dassault Aviation for manufacturing of Falcon Business Jets in India is a defining moment for the country, Aviation Industry and the Reliance Group. This will help position India as a key force in the global aerospace value chain." The release states that by 2028, the first flight of the "Made in India" Falcon 2000 will take place from the DRAL Facility at MIHAN, Nagpur in the Western State of Maharashtra, India, following the transfer of full fuselage and wing assembly operations and significant facility enhancements. As part of the agreement, Dassault will also transfer the assembly of the front section of Falcon 8X and Falcon 6X, in addition to the wings and complete fuselage assembly of the Falcon 2000 to DRAL. "This landmark initiative will see India emerge as a strategic center for high-end business jet manufacturing, underscoring the nation's growing prominence in the global aerospace ecosystem. The new final assembly line will cater to rising demand in India and other international markets," the release added. In 2017, Dassault Aviation and Reliance Aerostructure formed a joint venture called DRAL. Later that year, a state-of-the-art manufacturing facility was established in Mihan, Nagpur, marking the start of operations. DRAL has constructed more than 100 key subsections for the Falcon 2000 since delivering its first Falcon 2000 front section in 2019, demonstrating its superior precision manufacturing skills and contributing significantly to the Falcon global production program. As per the release, DRAL is expected to recruit several hundred engineers and technicians over the next decade to support its expanding operations. "This growth underscores Dassault Aviation's deep commitment to strengthening India's aerospace manufacturing ecosystem and advancing the nation's emergence as a global center of excellence for high-precision aviation production," the release added. Dassault Aviation has established a reputation for excellence in the design, manufacture, marketing, and maintenance of all kinds of aircraft, from the Rafale fighter to the premium Falcon family of business jets, military drones, and space systems. Over the past century, the company has delivered over 10,000 military and commercial aircraft, including 2,700 Falcons, in more than 90 countries. Dassault Aviation reported EUR6.2 billion in revenue in 2024. The corporation employs 14,600 people.
