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Reliance Defence eyes ₹20k-cr defence MRO mkt with new JV
Mint Kolkata
|July 01, 2025
Reliance Defence Ltd on Monday signed a pact with US-based defence contractor Coastal Mechanics Inc. (CMI), as the Anil Ambani-promoted company eyes India's ₹20,000-crore defence maintenance, repair, overhaul (MRO) and upgrade market.
Reliance Defence is a 100% subsidiary of Reliance Infrastructure Ltd. According to the agreement, Reliance Defence and CMI will set up a joint venture (JV) unit at Mihan in Maharashtra to provide MRO, upgrade and modernization services for air and land defence platforms used by the Indian armed forces.
The JV will look to modernize and upgrade over 100 Jaguar, 100 MiG-29 fighter aircraft, 20 Apache attack helicopters and L-70 air defence guns.
Dit verhaal komt uit de July 01, 2025-editie van Mint Kolkata.
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