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Reliance Infrastructure Ltd

06 Jun 2021

Reliance Infrastructure board approves preferential issue to promoters

The Board approved seeking approval of the members of the company for the above proposal through postal ballot. The funds raised would be utilised for long term resources, for general corporate purposes, fund future growth, and also to reduce debt. RInfra is also a leading utility company having presence in power distribution business in Delhi.

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.

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

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).

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.

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.

Pipavav Defence & Offshore Engineering

26 Nov 2015

Pipavav Defence to exit CDR post RInfra's open offer

Pipavav Defence & Offshore Engineering plans to exit the corporate debt restructuring (CDR) package, post Reliance Infrastructure open offer.

Reliance Infrastructure

17 Nov 2015

Reliance Infrastructure to sell 49% stake Mumbai power biz for Rs 4,000 crore

Reliance Infra will sell 49 percent equity stake in its integrated power business in Mumbai and adjoining areas to Canada's Public Sector Pension Investment Board (PSP Investments).

Reliance Infrastructure

06 Nov 2015

RInfra to move aggressively on defence; quit roads, cement biz

Reliance Infrastructure (RInfra) Wednesday reported a tepid 4.62 percent rise in net profit for July-September quarter at Rs 451.1 crore, and said it will focus on the defence sector, while exiting the cement and road businesses by monetising these assets.

Reliance Infrastructure

04 Nov 2015

RInfra to sell 5.8MT cement business, monetise 8,800 cr projects

In a strategic move to unlock value, Reliance Infrastructure (RInfra) Wednesday said it will sell its 5.8 MTPA cement business and monetise 11 road projects worth Rs 8,800 crore, making the defence sector as primary driver of the company's growth.

Reliance Infrastructure

30 Sep 2015

RInfra expects Pipavav acquisition to complete in this fiscal

Reliance Infrastructure (RInfra) expects to complete the acquisition of Pipavav Defence and Offshore Company in this fiscal and would rename the entity as Reliance Defence and Engineering.

Reliance Infrastructure

12 Aug 2015

RInfra Q1 net down 12.39% to Rs 401 crore

Reliance Infrastructure Wednesday reported over 12.39 percent drop in its net profit at Rs 400.91 crore for the April-June quarter due to factors including higher finance cost and statutory payments related to Delhi Airport Metro.

Reliance Infrastructure

13 Nov 2014

RInfra walks out of Charkop-Mankhurd metro project in Mumbai

Blaming the Maharashtra government for "non-fulfilment of certain critical obligations", Reliance Infrastructure (RInfra) Thursday walked out of the contract to develop the Rs 12,000-crore Charkop-Bandra-Makhurd Metro corridor in Mumbai.

Reliance Infrastructure

30 Sep 2014

RInfra plans to triple cement capacity in 3 yrs to 15mt

Reliance Infrastructure (RInfra) plans to nearly triple its cement generation capacity to 15 million tonne per annum (mtpa) over the next three years.

18 Jul 2014

RInfra posts marginal rise in Q1 net profit

Reliance Infrastructure (RInfra) Friday posted a marginal rise in net profit on the back of increased incomes for the first quarter of the current fiscal, at Rs.244 crore over the Rs.240 crore recorded in the same quarter of 2013-14.

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