India-based company Reliance Infrastructure has received approval to change the name of its defence subsidiary Reliance Defence and Engineering to 'Reliance Naval and Engineering', as it intends to shift its focus to naval shipbuilding.
Reliance is currently one of the two private companies in India that carry out major programmes for the Indian Navy and Indian Coast Guard, reported IANS.
Reliance Infra was quoted by Business Standard as saying: “The change in name substantiates company's intensive efforts to concentrate on naval shipbuilding as a principal focus segment.
“It is the first private sector company to build warships. The company created history in July 2017 by tandem launching two Naval Offshore Patrol Vessels (NOPVs).”
The newly renamed Reliance Naval and Engineering possesses substantial shipbuilding and repair infrastructure in India, and is the country’s first private sector firm to have attained a licence and contract for the construction of NOPVs for the Indian Navy.
Its shipbuilding facility also has the capacity to manufacture fabricated and outfitted blocks.
The fabrication site is built over an area of more than 2.1 million square feet and has an annual capacity of 144,000t.
The shipyard features a 780m-long outfitting berth, in addition to a 980m-long and 40m-wide pre-erection berth and two Goliath cranes with a total lifting capacity of 1,200t.
Reliance has also recently partnered with Dassault Aviation to establish a subsidiary known as Dassault Reliance Aerospace (DRAL), which will oversee the delivery of 36 Rafale aircraft.
Additionally, the company has established a joint venture with Rafael Defence of Israel named Reliance Rafael Defence Systems.