Reliance and Diehl forge ₹10,000 crore defence pact to manufacture Vulcano precision ammunition in India

Reliance Defence has signed a strategic cooperation agreement with Germanys Diehl Defence to manufacture Vulcano 155mm precision-guided munitions in India. A new facility in Ratnagiri, Maharashtra, will support this production, aligning with the governments Make in India and Atmanirbhar Bharat goals. The partnership could generate ₹10,000 crore in revenue and marks Reliances fourth major global defence collaboration. With over 50% indigenous value addition, the deal strengthens Indias defence manufacturing base and boosts its export ambitions.