By Admin 
Reliance infrastructure: The shares of Anil Ambani -led company Reliance Infrastructure may have a 11 percent lead in the last business session, but the company’s shares declined by 5 percent on Thursday. However, the company’s shares could see further boom.
New design of RIL’s 155 mm artillery ammunition
In fact, Reliance Infrastructure has become the first such company in the private sector in India, four types of designs of new generation of artillery ammunition.
This is a major achievement of India’s Defense Manufacturing sector under ‘Make in India’ initiative. It has been developed under the Design-Cum-Production Partner Program in association with the Defense Research and Development Organization (DRDO) Unit Armament Research and Development Establishment. Its most special thing is that completely indigenous technology has been used in making it.
Order of 10 thousand crores can be received from the government
A spokesman for Reliance Infrastructure has confirmed that all four projects have been completed. Ten Indian companies have been included in the supply chain. Production is expected to start soon. Under this, the company is also expecting an order of Rs 10,000 crore from the Ministry of Defense of India in the next 10 years. This is because in the coming time, the Indian Army spending on ammunition is estimated to increase from Rs 7,000 crore to Rs 12,000 crore annually by 2032.
This is the new plan of the company
Meanwhile, Reliance Infrastructure plans to take an entry in the export market with a new range of ammunition. The company estimates that in the next 10 years, there will be an additional increase of Rs 10,000 crore in the company’s export revenue. Reliance is also creating a greenfield explosive and ammunition manufacturing facility in Ratnagiri, Maharashtra. This plant being built within Dhirubhai Ambani Defense City includes an investment of Rs 5,000 crore.
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