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Reliance- Augur sign pact to build Aerostat and Aeroship

India’s Anil Ambani-led Reliance group has signed an agreement with a Singapore-based firm Augur Overseas Operation to manufacture aerostat and aeroship for the armed forces. The joint venture with Reliance having 51 per cent share, would be involved in the development, production, sales, modification and life support for different sizes of aerostats, airships and lighter-than-air systems.

Source: http://www.deccanherald.com/content/491123/anil-ambani-group-signs-pact.html

 

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