Page 7 - Reliance Infrastructure

Reliance Infra wins arbitration award against DMRC amounting to Rs 2,950 cr

Compensation covers damage as a result of breach of obligations under concession agreement

RInfra revises InvIT issue size downwards to Rs 2,500 crore

InvIT to hold seven against earlier planned 10 road projects

Reliance Infra reports profit of Rs 41 cr, Invit in May

Firm had a Rs 327 cr loss a year ago; has bid for Rs 11,000 cr projects including Shivaji statue

Reliance Infra bags Rs 711 crore highways project in Tamil Nadu

Other bidders for the project included L&T, IL&FS and Punj Lloyd

Reliance Infra demerger plan to be pushed to next fiscal

Anil Ambani-promoted Reliance Infrastructure (R-Infra) islikely to postpone its demerger plan to the next financial year. The companyhas moved the Bombay High Court, which is hearing its scheme of arrangement,seeking to change the effective date of the plan to April 1, 2017 from April 1,2016 earlier. Accordingly, the scheme when approved would take effectin the financial year 2017-18. The court is likely to take up the matter on early nextweek.The Rs 6,282 crore restructuring scheme, by which it plans to hive off the power generation and distribution facilities to a separate entitycalled Reliance Electric Generation and Supply (REGSL), was initiated a year ago as part of its deleveraging efforts.In January, the court had asked R- Infra to obtain a writtenconsent from all the lenders, both secured and unsecured, and the deal alsorequired the consent of Maharashtra Electricity Regulatory Commission (MERC). In a plea seeking the change dated March 15, the company told the court it ...

Reliance Defence to collaborate with UAE's Mubadala

This collaboration is in line with Strata's vision to become one of the top aerospace companies globally

Reliance Infrastructure gets repair contract from US Navy

The firm has been selected after a detailed site survey by US govt representatives in the of end Oct 2016

RInfra net profit up 49% at Rs 375 crore on strong operational show

Firm looks to raise Rs 3,000 cr via InvIT route, eyes Rs 50,000 cr order book by FY19-end

R-Infra looks for refinance options on Mumbai Metro

Project cost during its development stage surged to Rs 4,026 cr, of which debt is around Rs 1,900 cr

Reliance Infrastructure drops plans to sell stakes in airports

Company says debt will be negligible by March 2018

RInfra exits IEX, sells 4% stake for Rs 103 cr to an FPI

Sale price is 10x the purchase value; deal follows sale of similar stake by JSPL to Motilal Oswal PE

Reliance Infra files DRHP for InvIT fund

Proceeds would be used to pay premiums due to NHAI

RInfra's InvIT fund files DRHP with Sebi to raise Rs 3,000 cr

The InvIT offers an investment opportunity in a portfolio of income-generating assets in key growth markets

R-Infra agrees to LIC's conditions on demerger

Tells HC ready to comply with all conditions of the insurer

LIC lists conditions for R-Infra rejig

The move comes as Reliance Infrastructure's billionaire owner Anil Ambani plans to sell stake in the Mumbai power business and pare debt across his conglomerate

All 11 RInfra toll plazas to go cashless from midnight

It becomes the first NHAI concessionaire to introduce cashless toll payments at all its toll plazas

Reliance Infrastructure InvIT Fund gets Sebi registration

Source said initially the plan is for its road projects, valued around Rs 10,000 crore and later for other sectors

Reliance Infra's Q2 profit rises 34%

R-Infra reported a net profit of Rs 570.55 crore, 34% higher from Rs 462.32 crore reported in the same period last year

RInfra evaluating InvIT for Metro, power transmission businesses

Anil Ambani-promoted Reliance Infrastructure may form an infrastructure investment trust (InvIT) for its assets like power transmission and Metro."For roads, we are clearly looking at a strategic buyer. We are also exploring InvIT for a host of infrastructure assets," said Lalit Jalan, chief executive officer, Reliance Infrastructure. He added that assets like power transmission and Metro could be looked at for InvIT.RInfra's board on Monday approved a proposal to amend the memorandum of association of the company to allow for activities related to setting up any trust, including venture capital funds, InvITs, real estate investment trusts, the company said in a statement to BSE. The company will now seek shareholders' approval for the proposal through postal ballot.The company operates 11 projects under its roads portfolio. Part of its power transmission business are assets worth Rs 7,000 crore and comprise about 6,280 circuit kilometres of transmission lines with a presence across se

Our debt will be negligible after exiting power distribution, roads: Lalit Jalan

Interview with CEO, Reliance Infrastructure