Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Reliance Industries, Dassault Sign Deal for Defense Projects

Feb. 12 (Bloomberg) -- Reliance Industries Ltd., owner of the world’s biggest oil refining complex, and Dassault Aviation SA have signed an agreement to explore defense projects jointly, an official at the Indian company said.

“We’ve signed a preliminary agreement with Dassault broadly in the defense sector,” Tushar Pania, Reliance’s spokesman said in a telephone interview, after the Press Trust of India earlier reported the deal.

Dassault emerged last month as the lowest bidder to supply 126 fighter jets to the Indian Air Force, and entered into an exclusive negotiation with the South Asian country’s government over its Rafale planes.

Indian billionaire Mukesh Ambani’s Reliance Industries reported on Jan. 20 its first quarterly profit drop in two years as margins for crude-oil refining sank to the lowest in eight quarters.

To contact the reporters on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net

To contact the editors responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.