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Reliance and Dassault’s DRAL: What Changed in 2025?

DRAL was established in 2017, not newly incorporated in 2025. The later headlines concern a broader Falcon manufacturing role and Dassault’s reported move to majority ownership.
From TheFinanceBase Team2 min to read
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Reliance and Dassault Aviation did not incorporate a new joint venture called DRAL in 2025. Dassault Reliance Aerospace Limited (DRAL) was established in 2017. The 2025 news was an agreement to expand its role in Falcon aircraft manufacturing in India, followed by a change in the reported ownership split.

What is DRAL?

DRAL stands for Dassault Reliance Aerospace Limited, a joint venture between Dassault Aviation and Reliance Aerostructure Limited (RAL). Reliance Group announced the venture on 27 October 2017, describing it as a 51:49 partnership between RAL and Dassault Aviation. Its stated purpose included manufacturing components connected with Dassault’s Rafale offset obligation. Reliance Group’s 2017 announcement

The facility is at MIHAN in Nagpur, Maharashtra. Dassault later said the venture was established in 2017 and began operations at the site; a 2021 company statement said the plant had been producing Falcon parts since 2018. Dassault Aviation: Dassault Aviation in India

What did the June 2025 agreement change?

On 18 June 2025, Dassault Aviation and RAL announced an agreement for DRAL to manufacture Falcon 2000 LXS business jets in India for global markets. Dassault also said DRAL would take on Falcon 2000 wing work and complete fuselage assembly, as well as front-section work for the Falcon 6X and Falcon 8X. Dassault Aviation: Dassault Aviation in India

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The announcement described DRAL as set to become the first Falcon Center of Excellence outside France. Dassault CEO Éric Trappier said the agreement would “eventually enable the establishment of a final assembly line for the Falcon 2000.” That is a stated future plan, not confirmation that the final assembly line is already operating. Dassault Aviation: Dassault Aviation in India

Dassault reported that DRAL had assembled more than 100 major Falcon 2000 subsections by the June 2025 announcement. This is the company’s own production figure. Dassault Aviation: Dassault Aviation in India

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How did DRAL’s ownership change?

The original arrangement gave RAL a 51% stake and Dassault Aviation 49%. On 5 September 2025, Reliance Infrastructure disclosed that RAL had transferred 2% of DRAL shares to Dassault Aviation. At the time of that disclosure, the filing described the ownership before the transfer as 51% for RAL and 49% for Dassault. Reliance Infrastructure investor announcements

Dassault Aviation’s 2025 annual report subsequently reported that it owned 51% of DRAL. The available company disclosures establish the reported change in majority ownership, but do not establish the exact effective date of the transfer that resulted in the 51% position. Dassault Aviation annual reports

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Timeline: DRAL from formation to expansion

Date Development
27 October 2017 Reliance Group announces DRAL as a 51:49 joint venture between RAL and Dassault Aviation.
2018 Dassault later said the Nagpur plant had begun producing Falcon parts.
2019 Dassault reported DRAL’s delivery of its first Falcon 2000 front section. Dassault Aviation: Dassault Aviation in India
18 June 2025 Dassault and RAL announce the expanded Falcon manufacturing agreement, including Falcon 2000 LXS production in India for global markets.
5 September 2025 Reliance Infrastructure discloses a 2% share transfer from RAL to Dassault Aviation.
2025 annual report Dassault Aviation reports a 51% stake in DRAL.

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