Reliance Infrastructure shares traded at ₹390 on the National Stock Exchange, up ₹3.50 or 0.91 per cent as of 11.46 AM today, following the announcement of a landmark partnership with French aerospace giant Dassault Aviation.
The company’s subsidiary, Reliance Aerostructure Limited (RAL), signed a strategic agreement with Dassault Aviation to manufacture Falcon 2000 business jets in India for global markets. This marks the first time Dassault Aviation will produce these aircraft outside France in its history.
Under the partnership announced at the Paris Air Show on June 18, Dassault Reliance Aerospace (DRAL) will establish a final assembly line for Falcon 2000 jets in Nagpur, Maharashtra. The facility will serve as Dassault’s first Center of Excellence for Falcon series assembly outside France, including programs for Falcon 6X and Falcon 8X aircraft.
Dassault Aviation will transfer assembly operations for the front section of Falcon 8X and Falcon 6X, along with wings and complete fuselage assembly of Falcon 2000 to DRAL. The first “Made in India” Falcon 2000 jet is expected to take flight by 2028.
DRAL, established in 2017, has already delivered over 100 major sub-sections for the Falcon 2000 since 2019. The expansion is expected to create several hundred engineering and technical jobs over the next decade, positioning India among the elite group of countries manufacturing business jets alongside the United States, France, Canada, and Brazil.