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Reliance Naval Looking To Bid For Six Submarines Contracts Worth Rs 40,000 Crore



Reliance Naval Looking To Bid For Six Submarines Contracts Worth Rs 40,000 Crore.

Billionaire Anil-Ambani on Tuesday said that Reliance group’s company Reliance Naval is looking to bid for six submarines contracts worth Rs 40,000 crore. He made the announcement at the Annual General Meeting of its parent company Reliance Infrastructure.Earlier known as Reliance Defence and Engineering Ltd (RDEL), the company was renamed to Reliance Naval to reflect its focus on naval shipbuilding as its principal segment.

Anil Ambani’s led Reliance Infrastructure further plans to raise funds via rights issue to increase its stake in the company. RDEL (now, Reliance Naval), the erstwhile Pipavav Defence & Offshore Engineering, had reportedly got the bankers’ approval to exit a corporate debt restructuring exercise after reworking its loans worth over Rs 6,000 crore in April.

Speaking at the AGM, Anil Ambani said that India’s 90% of defence needs are imported which cannot continue for long and that it will become an export hub to Airbus and Boeing on very sensitive aircraft parts. Reliance Naval is one of the two private sector shipyards qualified to build large programmes of Indian Navy and Indian Coast Guard. The firm already has the credit being the first private sector company to building a warship in its kitty.

Earlier last year, RDEL (now, Reliance Naval) had got an approval from the Reserve Bank of India to exit the debt restructuring exercise upon refinancing its Rs 6,800 crore worth of loans with a longer maturity of 20 years and a reduced interest rate at 11%. The company’s exit from the debt rejig exercise comes after Reliance Infrastructure bought a 35% equity stake in Pipavav Defence & Offshore Engineering in December 2015 through an open offer, and reconstituted the board.

At the AGM, Anil Ambani also said that the Reliance Infrastructure is in talks with Japanese companies for the bullet project. The company is also planning to launch Infrastructure Investment Trusts to raise Rs 2,500 crore in the road sector.

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2 Comments

  • debayan basu says:

    Saala yeah Modi ka baccha kya kar raha hai????
    Walchand ko turbine banana aata hai submarines k liye….
    Tata advanced systems ko control systems banana aata hai submarines k…..
    L&T ko submarine ka hull banana aata hai….
    DRDO ko submarine ka sonar, torpedoes aur air independent propulsion bhi banana aata hai…
    Toh sala hum QQQQQ…. kharide submarines foreign countryO se???
    DRDO ko bolo ki diesel electric engine banaye yah phir nuclear reactor se bhi chala sakte hai… Bhabha atomic research centre ko aata hai PWR banana aur koi boel ki PWR ka bohot kharcha aata hai toh foreign company jitne paise lete hai utne mai aaram se nuclear submarine bana lenge hum log…
    Toh phir Q yeah haram khor Modi suar ka baccha foreign companyO ka dalali kar raha hai???
    Modi suar k bacche ko america ka muu mai lene mai bohot maza aata hai isiliye pahele Obama ka aur abhi Trump ka chatne jata hai sala Aur is waje se Russia bhi Pakistan ko CPEC mai support kar raha hai….
    Modi randi ka baccha American's aur European's ka bhadwa hai saala…
    M777 howitzer kharide jis ka per unit cost 35 crore se bhi zayada hai aur kya huya, trails k dauran barrel hi phat gayee(twice), bharat fordge bhi waisi hi ek titanium howitzer k uper R&D kar rahi thi mager Modi madarchod ne unki madat nagi ki jo ki made in India tha and made, developed by Indian's… Aur cost efficient bhi tha…
    Rafael jet ka deal karne ki kya jaroorat thi us gandu ko????
    $10 Billion ka deal tha(70,000 crore rupees), woh bhi sirf 36 jets k liye!!!!!
    Per unit cost aata hai karib karib 2,000 crore rupees😵😵😵, abe itne mai toh 10 tejas aajate ek Rafael k daam mai…
    Aur jo afterburning turbofan engine develop karne ka agreement mai sign huya tha us Rafael deal mai abhi tak kuch huya?????
    Sala humare jawanO ko accha bullet proof jackets, helmets aur dhang ka rifles tak nahi milte, jo ki 2-3 hazar crore kharach ne se India mai hii, Indian companies bana denge woh nahi ho raha… Q??? MCIWS jo rifle hai woh accha hai, uska trials q nahi ho rahe hai aur agar koi drawbacks hai toh use improve karke induct karo… Lakin nahi… woh kaam nahi karega Modi… Dhanush guns ka order woh jaldi nahi dega aur dega bhi toh bohot kam…
    Conclusion: After 3.5 years of Modi's regime he has turned out to be a certified Dalal…. of American and European companies… This is the naked truth… Believe me or not, once even I used to be a Modi fan but now as I understand what future Modi will give us…. Judge yourself….

  • debayan basu says:

    Saala yeah kya hai????
    Technology ho na ho, billionaire hone se koi bhi submarine banane lag jaiga?????😡😡😡😡😡😡😡

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