Reliance Infra Shares Extend Rally on Falcon Jet Deal; Stock Gains Up to 5% Today

Reliance Infrastructure shares extended gains on June 19, today and rose up to 4.8% to touch its intraday high on the National Stock Exchange. The stock has gained 10% since Tuesday's close. This rally comes after the company, on June 18, announced that its subsidiary, Reliance Aerostructure, has teamed up with France-based Dassault Aviation to manufacture Falcon 2000 business jets in India for global markets.

It hit the 5% upper circuit on the NSE on June 18 and closed 128% higher than its 52-week low level, while 8% below than its 52-week high level, which it touched earlier this month. Shares of the company have gained over 83% in the last one year, and 27% in 2025 so far. The stock has gained over 38% in the last one month.

As part of the said partnership, Dassault Aviation will manufacture Falcon 2000 jets for the first time outside of France. “It marks a historic moment for Indian aerospace and manufacturing industry, as the landmark agreement paves way for India’s entry into the elite club of countries producing next-generation business jets, alongside the United States, France, Canada, and Brazil,” Reliance Infrastructure said in an exchange filing.

The company said that the final assembly line for Falcon 2000 jets will be set up in Nagpur, Maharashtra. The joint venture between Dassault Aviation and Reliance Aerostructure, which was established in 2017, commenced its operations with the setting up of a manufacturing facility at Mihan, Nagpur. It delivered first Falcon 2000 front section in 2019.

In a separate filing, the company informed that it has allotted 1.25 crore fully paid-up equity shares at ₹240 per share to its promoter group entity Risee Infinity. This resulted in a total fund infusion of ₹300 crore, upon conversion of warrants.

“This enhances financial flexibility and supports sustainable growth, positioning the company to capitalise on future opportunities and drive long-term value creation,” Reliance Infrastructure said.

Earlier the month, the National Company Appellate Tribunal put bankruptcy proceedings against the company on hold. The proceeding had been initiated by IDBI Trusteeship Services over an alleged default of ₹88 crore.