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RELINFRA - Reliance Infrastructure News Story

₹53.05 4.8  10.0%

Last Trade - 11/05/21

Sector
Industrials
Size
Small Cap
Market Cap £134.3m
Enterprise Value £698.2m
Revenue £1.56bn
Position in Universe 754th / 3109

BRIEF-Reliance Infrastructure says Dassault Reliance Aerospace been incorporated

Thu 16th February, 2017 6:33am
Feb 16 (Reuters) - Reliance Infrastructure Ltd  RLIN.NS  
    * Says Dassault Reliance Aerospace Limited (DRAL) 
incorporated 
    * Says Eric Trappier to be chairman and Anil Ambani 
co-chairman of DRAL 
    * Says joint venture company to be held 51% by Reliance and 
49% by Dassault Aviation 
    * Says DRAL to lead execution of Rs 30,000 crore offsets for 
36 aircraft program 
    * Says  DRAL will be a key player in the execution of offset 
obligations 
    * Will also focus on promoting research and development 
projects under the IDDM program 
    * Says construction work for the greenfield facility will 
start in may 2017, and production by end-2017 
    * DRAL to execute programs in phases, with phase I resulting 
in generation of more than 700 direct jobs and 2,800 indirect 
jobs. 
    * Says  DRAL has finalized the infrastructure requirements 
at dhirubhai aerospace park at Mihan, Nagpur 
 
Source text - (http://bit.ly/2lkuUG9) 
Further company coverage:  RLIN.NS  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
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