The share price of Reliance Infra shoots up by 5 percent after it announces a bond with the company that produces Rafale jet Dassault Aviation

 

The share price of Reliance Infra shoots up by 5 percent after it announces a bond with the company that produces Rafale jet Dassault Aviation

The share price of the Reliance Infra moved up by a high margin of 5 per cent on Thursday to 404 per share on National Stock Exchange after the enterprise declared a strategic tie with French aerospace major Dassault Aviation.

Company shares headed by Anil Ambani were opened at 309.50 Indian Rupee as against the previous close of 386.50 Indian Rupees. Reliance infra shares has rewarded its investors with an excellent increase by rising above 44 per cent in a month and almost 37 per cent in six months even in a developing market.

Reliance Infra- Dassault Aviation deal

Reliance Infra's subsidiary company Reliance Aerostructure, will partner with Dassault to produce Falcon 2000 business jets domestically in India.

This is the first time when Dassault will be building its Falcon plane outside France. This milestone will make India one of the few countries to manufacture business aircrafts in the world following only US, France, Canada and Brazil.

India has project to produce the first Falcon 2000 aircraft by 2028 that would fulfill both corporate and military needs.

The agreement, unveiled at the Paris Air Show, involves setting up final assembly line at Dassault Reliance Aerospace Limited (DRAL) located in Nagpur, Maharashtra. The facility will serve as a centre of excellence world wide with the Falcon series and also this facility will also be supporting future assembly projects of the Falcon 6X and 8X.

As per the agreement, Dassault Reliance Aerospace Limited (DRAL) will install an ultra modern final assembly facility of the Falcon 2000 aircraft in Nagpur in the state of Maharashtra that is a joint venture between Dassault and Reliance Aerospace. The facility will equally act as a Centre of Excellence (CoE) to Dassault Falcons, to facilitate future assembly programmes of the Falcons such as Falcon 6X and Falcon 8X.

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