Ahmedabad: Within days of acquiring controlling stake in Pipavav Defence and Offshore Engineering, Reliance Group chief Anil Ambani on Sunday said that he will make it the country’s biggest defence manufacturer.
Addressing about 4,000 Pipavav Defence and Offshore Engineering workers during his maiden visit to the facility in Gujarat, he said he will “leave no stones unturned to make it India’s largest defence manufacturing company”.
Mr Ambani along with top officials of the group also met Nikhil Gandhi of the Pipavav Group. The development comes barely days after Reliance Infrastructure, in the biggest deal in the defence sector announced acquisition of controlling stake in Pipavav Defence and Offshore Engineering for up to Rs 2,082.3 crore. Apart from acquiring 18 per cent from promoters, Reliance Infra will make an open offer for 26 per cent.
