India, June 30 -- Reliance Defence Limited, promoted by Anil Ambani, on Monday announced an agreement with US firm Coastal Mechanics to jointly explore opportunities in India's Rs.20,000-crore defence maintenance, repair, overhaul (MRO) and upgrade market.

"Reliance Defence and Coastal Mechanics will focus on providing end-to-end MRO, upgrade, and lifecycle support solutions for the Indian armed forces, targeting a wide range of critical platforms such as 100+ Jaguar fighter aircraft, 100+ MiG-29 fighter aircraft, the fleet of Apache attack helicopters, L-70 air defence guns, and other legacy systems that require long-term sustainment and modernization," the company said.

The segment represents a high-value, long-duration opportunity dr...