Shares of Reliance Infrastructure Ltd, led by Anil Ambani, hit the upper circuit on Wednesday after its subsidiary, Reliance Defence, secured an export contract worth Rs 600 crore from Germany’s Rheinmetall Waffe Munition GmbH, a leading defence and ammunition manufacturer.

In a regulatory filing with the BSE, the company said, “Reliance Infrastructure Limited-promoted Reliance Defence Limited, today announced securing of a significant export order worth Rs 600 crore from Rheinmetall Waffe Munition GmbH.” The announcement was made at 2:46 PM.

Following the update, Reliance Infrastructure shares surged 4.99 per cent to close at Rs 404.05, compared to Rs 384.85 at the previous close. The stock hit its upper circuit in the afternoon trading session.

The contract is expected to enhance Reliance Defence’s position in the European defence manufacturing supply chain and marks a notable step forward in the company’s international growth strategy.

Robust stock performance

The Anil Ambani-led company has delivered strong returns to investors in recent years. Over the last five years, Reliance Infrastructure shares have surged more than 1,049 per cent. In the past one year, the stock has risen over 93 per cent. So far in 2025, the stock has gained 26.58 per cent, and it is up 37.71 per cent in the last one month alone.

The company’s shares touched their 52-week high of Rs 421 on June 11, 2025, and the 52-week low of Rs 169.75 on July 23, 2024. As of June 25, 2025, Reliance Infrastructure’s market capitalisation stood at Rs 16,005.68 crore, as per BSE data.