Latest news with #Falcon6X
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.
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.
Canada Standard
2 days ago
- Business
- Canada Standard
Reliance Aerostructure, Dassault to manufacture Falcon 2000 jets in India for global market
New Delhi [India], June 18 (ANI): 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. (ANI)
India Gazette
2 days ago
- Business
- India Gazette
Reliance Aerostructure, Dassault to manufacture Falcon 2000 jets in India for global market
New Delhi [India], June 18 (ANI): 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. (ANI)
