Reliance Group Debt-Free Stock Upper Circuit After Partnering with Dassault Aviation

The stock has given multibagger returns of 127.4 per cent from its 52-week low of Rs 169.75 per share.

On Wednesday, shares of Reliance Group infra stock – Reliance Infrastructure Ltd hit a 5 per cent upper circuit to Rs 386.05 per share from its previous closing of Rs 367.70 with an intraday high of Rs 386.05 and an intraday low of Rs 361. The stock’s 52-week high is Rs 421 and its 52-week low is Rs 169.70.

In a landmark strategic partnership announced at the Paris Air Show, Dassault Aviation and Reliance Aerostructure Limited (RAL), a subsidiary of Reliance Infrastructure, revealed plans to manufacture Falcon 2000 business executive jets in India for global markets. This collaboration marks the first time Dassault Aviation will produce Falcon 2000 jets outside of France, positioning India as a crucial hub for high-end business jet manufacturing. This initiative also grants India entry into an exclusive group of countries, including the United States, France, Canada, and Brazil, that produce next-generation business jets.

The joint venture, Dassault Reliance Aerospace (DRAL), will evolve into a Center of Excellence for the entire Falcon series, including the Falcon 6X and Falcon 8X assembly programs—the first such center outside France. A state-of-the-art final assembly line for Falcon 2000 jets will be established in Nagpur, Maharashtra. Additionally, Dassault Aviation will transfer the assembly of the front sections of the Falcon 8X and Falcon 6X, along with the wings and complete fuselage assembly of the Falcon 2000, to DRAL. These transfers and facility upgrades are expected to lead to the first flight of a "Made in India" Falcon 2000 by 2028, catering to both corporate and military needs.

Established in 2017, DRAL began operations with a manufacturing facility in Mihan, Nagpur, and has since delivered over 100 major sub-sections for the Falcon 2000 since 2019, showcasing its precision manufacturing capabilities. This expansion is anticipated to create hundreds of engineering and technical jobs over the next decade, further reinforcing India's aerospace manufacturing ecosystem and its emergence as a global center for high-precision aviation production. The new assembly line aims to meet the increasing demand for Falcon business jets in both Indian and international markets.

About the Company

The Reliance Group, spearheaded by its prominent entities Reliance Infrastructure Limited and Reliance Power Limited, has achieved a remarkable financial milestone, declaring both companies’ debt-free with no outstanding loans from banks or financial institutions. This strong financial position is underpinned by a robust net worth and annual turnover, each totalling Rs 33,000 crore, and a substantial market capitalisation of approximately Rs 45,000 crore, supported by a vast shareholder base exceeding 4 million. Reliance Infrastructure Limited actively engages in the energy sector, particularly in power distribution in Delhi and power generation, while also venturing into defence manufacturing and significant infrastructure development via SPVs, including the Mumbai Metro. Meanwhile, Reliance Power stands as a leading power generation company in India, boasting an impressive installed capacity of 5,305 MW, which notably includes the 4,000 MW Ultra Mega Power Project in Sasan, Madhya Pradesh—currently recognised as the world's largest integrated thermal power plant.

The company has a market cap of over Rs 15,000 crore. The stock has given multibagger returns of 127.4 per cent from its 52-week low of Rs 169.75 per share. The promoters of the company own 16.50 per cent, FIIs own 11.35 per cent, DIIs own 1.36 per cent, the Government own 0.02 per cent and the public & others own the rest of the stake, i.e., 70.77 per cent as of March 2025.

Disclaimer: The article is for informational purposes only and not investment advice.