New Delhi, June 18 -- Reliance Infrastructure Ltd's subsidiary Reliance Aerostructure has signed an agreement to manufacture French company Dassault Aviation's Falcon 2000 business jets in India.

The first batch of these jets is expected to be rolled out from Reliance Aerostructure's Nagpur factory in 2028. It would be the first time in Dassault's history for a Falcon aircraft to be completely manufactured outside France.

Shares of Anil Ambani-owned Reliance Infrastructure hit the 5%upper circuit in intraday trade on BSE on Wednesday following the announcement.

"The 'Made in India' Falcon 2000 will stand as a proud symbol of the nation's technological prowess and manufacturing excellence. We strive to firmly position India as a vital h...