Reliance Defence gets clearance for defence projects
The Defence Ministry has cleared the capacity assessment of India's largest shipbuilding company Reliance Defence and Engineering (RDEL), making it eligible for defence projects. With this, RDEL aims to participate in the Indian Navy’s ten-year acquisition plans worth over ₹3 lakh crore. Notably, RDEL and L&T are the only two private companies qualified to participate in Indian Naval projects.