Reliance Industries and Rolls-Royce unveil a strategic partnership to co-develop an indigenous fifth-generation combat engine for India’s advanced fighter jets, marking a significant boost to domestic defence manufacturing.
Reliance Industries and Rolls-Royce are set to draw market attention on Monday after the two companies announced a strategic intent to work together on an indigenous combat engine for the fifth-generation Advanced Medium Combat Aircraft programme. According to Rolls-Royce, the group has long supplied engines to India’s armed forces and has said it wants to support the country’s manufacturing push by transferring engine capability and expertise. Industry reports earlier this year said the companies were exploring co-development of a 120 kN-class combat jet engine core with full technology transfer and intellectual property rights for India, underlining the strategic importance of the tie-up at a time when New Delhi is still weighing co-production options for advanced fighter propulsion.
IFGL Refractories may also stay in focus after it named Ashok Kumar Kedia and Frank Mitchell as co-presidents of Mono Ceramics, its US material subsidiary, effective August 16. The company had already disclosed the leadership change in earlier filings, and the move follows the end of Mukesh Harshadrai Rawal’s tenure as president of the subsidiary on August 15.
A wider list of stocks could see interest after fresh corporate updates. Kalpataru Projects said it won orders worth ₹3,526 crore across industrial plants, transmission and distribution, and residential work. ONGC said it received a US licence that could allow fuller activity in Venezuela, while Dr Reddy’s Laboratories disclosed four FDA observations after a factory inspection in Hyderabad. PB Fintech said a regulatory notice to its insurance broking arm is not expected to have a material financial impact. BEML, Dixon Technologies, Kitex Garments, Hazoor Multi Projects, Texmaco Rail and Juniper Green Energy also announced new contracts, guarantees, fund-raising plans or project awards that could keep trading in their shares active.
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