Reliance Defence and Strata Manufacturing to collaborate on advanced aerospace manufacturing

Strata Manufacturing PJSC, the advanced composite aero-structures manufacturing company, wholly owned by Mubadala Development Company, the United Arab Emirates and Reliance Defence Ltd, a wholly-owned subsidiary of Reliance Infrastructure Ltd, have signed a Memorandum of Understanding to collaborate on advanced aerospace manufacturing capabilities between India and the UAE.
 
The potential partnership, which has materialised following extensive discussions between the two companies, will look at opportunities in the production of carbon fibre composites aerostructures, prepegs as well as 3D printing of aerospace components and airframe panels.
 
Reliance Infrastructure had a bad day on the bourses. The stock of the company ended the day in the red. Over the last one year, the stock had surged by 28 per cent. HDFC Mutual Fund is among the top fund houses that has invested in the stock.