Move triggered by RInfra's failure to repay Rs 2,892 cr debt; Properties include firm's HQ in Mumbai's Santa Cruz East, two floors in Nagin Mahal, Churchgate
Ambani also informed shareholders that Reliance Power had refrained from availing a moratorium on its loans, calling the moratorium a 'financial penalty'
Combined profit before tax of 81 firms down 37.5% y-o-y, worst show in at least 3 years
The defaults, on interest and principal, happened between January 23, 2020 and February 1, 2020
The company will request the Government of Goa to pay the balance of 75 per cent of the arbitral award against bank guarantee immediately as per a recent Niti circular, RInfra said in a statemen
A three-member arbitration tribunal unanimously gave the award in favour of Reliance Infrastructure on December 21
With this, the holding of Reliance Project Ventures and Management Ltd in Reliance Infra has come down from 30.05 per cent to 27.58 per cent, as per the filing.
On November 15, YES Bank had invoked around 16 lakh equity shares of Reliance Capital, owned by promoter Reliance Inceptum Private Limited
Consolidated operating income for the September quarter rose 8% to Rs 5,622 crore from Rs 5,202 crore a year ago
The airport will handle 70 million passengers and 3 million tonnes cargo annually when fully developed.
The move follows multiple developments in the company and the group in the past one month
Reliance Infra said that with this transaction, its debt of will reduce by over 25% to less than Rs 5,000 crore
Anil Ambani-promoted Reliance Group is facing one of its worst debt woes, with lenders invoking pledge shares in some of the group companies
The Supreme Court has also asked DMRC to explain why it should not continue servicing the debt taken for the Airport metro express project
A group of consumers is questioning the non-transfer of land parcels with the distribution business to Adani Electricity Mumbai, the new operator
Reliance Infrastructure (RInfra) said Tuesday that its consortium has inked an MoU with Maharashtra State Road Development Corporation (MSRDC) for the Rs 7,000-crore Versova-Bandra Sea Link Project in Mumbai. "Reliance Infrastructure Limited - Astaldi SpA (Italy) Consortium signed an agreement with MSRDC today for construction of prestigious Versova-Bandra Sea Link Project in Mumbai," the company said in a statement. Reliance Infrastructure-Astaldi had earlier bagged the engineering, procurement and construction (EPC) contract for the Rs 7,000 crore project on a competitive bid basis. The consortium had emerged the most competitive bidder with their bid of Rs 6,993.99 crore. The other bidders in fray were L&T-Samsung and Hyundai Development Company-ITD, it said in a statement adding that the tender for the construction of the second sea link in Mumbai on EPC basis was floated by the MSRDC. With a length of 17.17 km, Versova-Bandra Sea Link is three times the length of the ...
Reliance Infra's debt saw a steep reduction of 65 per cent (from Rs 220 billion to Rs 75 billion) after it closed the sale of Mumbai power transmission business to Adani Group
R-Infra also said that it will utilise the proceeds of this transformative transaction entirely to reduce its debt
Tribunal has also ordered payment of interest at 15% per annum on total award amount if the govt of Goa fails to pay entire award amount by deadline
If the deal follows through, it would be the firm's first major contract in nuclear space