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Reliance Infrastructure News

18 Sep 2024

Reliance Power Settles Rs 3,872 Crore Loan, Shares Hit 5% Upper Circuit

At 11:02 am Reliance Power shares were trading at price Rs 32.98 apiece, higher by 5 percent from the previous closing price.

26 Mar 2022

Anil Ambani resigns as director of RPower, RInfra

In a separate filing to the stock exchange, Reliance Infrastructure said that Anil Ambani has stepped down from its board "in compliance of SEBI interim order". During the past one year the company has created immense value for its around 8 lakh shareholders. At present Sarin is a director of Afthonia Private Limited.

Reliance Infrastructure

05 Jun 2021

RInfra meet to consider fundraising, aims to become zero-debt co by next March

Important RInfra meeting. Fundraising through issuing equity shares, rights issue, QIP. Aims to become zero-debt company by March 2022.

Reliance Infrastructure

01 Mar 2018

Rel Infra gets shareholder nod for sale of Mumbai power biz to Adani

Competition Commission of India (CCI) has already approved the transaction which will help Reliance Infra cut its debt.

09 Jan 2018

RInfra moves MERC for sale approval of Mumbai power biz to ATL

In December last year, RInfra signed a definitive binding agreement for 100 per cent sale of its Mumbai power business with Adani Transmission for a total deal value of Rs 13,251 crore.

16 Nov 2017

Mumbai Metro launches mobile ticketing 'Skiiip Q' - No more queues for tickets or top up

The pioneering new digital technology will make a paradigm shift in the way commuters travel and they would be no longer be required to stand in queues for any kind of tickets.

Reliance Infrastructure

10 Nov 2017

Adani to buy Anil Ambani-led RInfra's Mumbai power biz for Rs 13,000 crore

The Hyderabad-headquartered Greenko, backed by Singapore's GIC and Abu Dhabi Investment Authority, had sought to acquire Anil Ambani-led Reliance Infrastructure's flagship Mumbai electricity business for an enterprise value of Rs 13,000-14,000 crore, which lapsed in September.

Reliance Infrastructure

10 Oct 2017

Reliance Infra in exclusivity talks with Adani Transmission

The proposed transaction is subject to confirmatory diligence, definitive documentation and customary approvals.

Reliance Infrastructure

26 Sep 2017

Reliance Infra to participate in bullet train project

According to Ambani, the company is focusing on the EPC (engineering, procurement, construction) segment.

Reliance Infrastructure

02 Jun 2017

Mumbai Metro One ties with Google

Reliance Infrastructure promoted Mumbai Metro One on Friday said it has partnered with Google to display its services in Google Maps application.

Reliance Infrastructure

24 May 2017

RInfra InvIT Fund's IPO gets SEBI approval

Reliance Infrastructure (RInfra) on Wednesday said that RInfra InvIT has received the final approval from securities market regulator SEBI to float its Rs 2,500 crore plus Initial Public Offering (IPO).

Infrastructure Investment Trusts

14 May 2017

Govt exempts InvITs from acceptance of deposit norms

Infrastructure Investment Trusts have been exempted from the ambit of acceptance of deposit rules under the companies law, a move that is expected to ease the compliance requirements for the investment vehicle.

Reliance Infrastructure

11 May 2017

RInfra wins Rs 2,950-crore arbitration award against DMRC

Reliance Infrastructure (RInfra) on Thursday said it has been awarded a compensation worth Rs 2,950 crore by an arbitral tribunal against Delhi Metro Rail Corporation.

15 Apr 2017

Reliance Infrastructure posts Rs 40 crore profit in Jan-Mar quarter

Reliance Infrastructure on Saturday reported a net profit of Rs 40.94 crore for the quarter ended March 31.

Adani Transmission

07 Oct 2016

Adani Transmission rating unaffected by asset purchase: Fitch

Adani Transmission Ltd's (ATL) rating will not be affected by its planned acquisition of three transmission assets of Reliance Infrastructure for over Rs 2,000 crore.

06 Oct 2016

S&P, Moody's ratings on ATL unaffected by RInfra deal

S&P Global Ratings and Moody's Investors Service on Thursday said their ratings on Adani Transmission is unaffected by the company's announcement to acquire Reliance Infrastructure's (RInfra) operational transmission assets.

Anil Ambani Group

22 Aug 2016

RInfra completes 100% sale of cement biz to Birla Corp

Anil Ambani-owned Reliance Infrastructure has completed the sale of its 100 per cent shareholding in Reliance Cement Company (RCCPL) to Birla Corporation, the flagship Company of the MP Birla Group.

Reliance Infrastructure

04 Feb 2016

Birla Corp clinches cement deal with RInfra; to pay Rs 4,800 crore

Reliance Infrastructure (RInfra) Thursday sold its cement business arm to Birla Corporation for Rs 4,800 crore, a deal that will help Anil Ambani-led Group lower its debt burden.

Reliance Infrastructure

24 Dec 2015

Reliance Infrastructure stock surges nearly 8% on buzz of cement biz sale

Stocks of Reliance Infrastructure gained nearly 8 percent on Thursday following reports that the company is in the advanced stage of negotiations to sell its cement business.

Reliance Infrastructure

16 Dec 2015

RInfra buys additional 17% stake in Pipavav for Rs 850 crore

In March, the Anil Ambani group firm had announced plans to acquire a controlling stake in Pipavav Defence for up to Rs 2,082 crore.

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