Anil Ambani’s Reliance Infrastructure-controlled Reliance Defence and Engineering is changing its name to Reliance Naval and Engineering Ltd (RNEL). According to the Company, change of name is in line with company’s focus on building capabilities for the Indian Navy and the Coast Guard.
The company is set to seek shareholders’ approval for the name change in its AGM on August 22. After the Reliance Group acquired a controlling stake in Pipavav Defence and Offshore Engineering in 2016, it changed the name of the company to Reliance Defence and Engineering.
Important Takeaways from Above News-
- Shri Anil Ambani is the Non-Executive Chairman of Reliance Defence.
- K. Subramaniam is the Whole Time Director and Chief Executive Officer of Reliance Defence and Engineering Limited.
Source- The Hindu Business Line