IndianTiger
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(Updates with Reliance
spokesmans comment in
second paragraph.) Feb. 12 (Bloomberg) -- Reliance
Industries Ltd., owner of the
worlds biggest oil refining
complex, and Dassault
Aviation SA have signed an
agreement to explore defense projects jointly, an official at
the Indian company said. Weve signed a preliminary
agreement with Dassault
broadly in the defense sector,
Tushar Pania, Reliances
spokesman said in a telephone
interview, after the Press Trust of India earlier reported
the deal. Dassault emerged last month
as the lowest bidder to supply
126 fighter jets to the Indian
Air Force, and entered into an
exclusive negotiation with
the South Asian countrys government over its Rafale
planes. Indian billionaire Mukesh
Ambanis Reliance Industries
reported on Jan. 20 its first
quarterly profit drop in two
years as margins for crude-oil
refining sank to the lowest in eight quarters
spokesmans comment in
second paragraph.) Feb. 12 (Bloomberg) -- Reliance
Industries Ltd., owner of the
worlds biggest oil refining
complex, and Dassault
Aviation SA have signed an
agreement to explore defense projects jointly, an official at
the Indian company said. Weve signed a preliminary
agreement with Dassault
broadly in the defense sector,
Tushar Pania, Reliances
spokesman said in a telephone
interview, after the Press Trust of India earlier reported
the deal. Dassault emerged last month
as the lowest bidder to supply
126 fighter jets to the Indian
Air Force, and entered into an
exclusive negotiation with
the South Asian countrys government over its Rafale
planes. Indian billionaire Mukesh
Ambanis Reliance Industries
reported on Jan. 20 its first
quarterly profit drop in two
years as margins for crude-oil
refining sank to the lowest in eight quarters
