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Reliance Infra in advanced talks to sell cement unit for $394 million

Reliance Infrastructure`s cement unit has three plants with total installed capacity of 5.8 million tonne per annum (MTPA).

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

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.

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.

Steep metro fare hike plan to be challenged in SC: Maharashtra CM Fadnavis

The dispute between Reliance Infra-led Mumbai Metro One and the state is set to intensify with Maharashtra Chief Minister Devendra Fadnavis saying his administration will challenge the proposal to increase fares up to Rs 110 for the 11.4-km metro service, in the Supreme Court.

Reliance Infra allowed to hike Mumbai Metro fares

The Bombay High Court Thursday dismissed a plea by the Maharashtra government challenging revised fares proposed by Reliance Infra for the Mumbai Metro One Pvt. Ltd. (MMOPL).

RInfra justifies Metro fare in HC; says it`s based on cost

Anil Ambani-led Reliance Infrastructure today justified in the Bombay High Court its decision to charge fares in the range of Rs 10-40 for various destinations for the Mumbai Metro route connecting Versova and Andheri in the west to Ghatkopar in the East.

Mumbai Metro Rail services to commence Sunday

Maharashtra`s first Metro Rail is scheduled to be inaugurated here Sunday, with its developer, Reliance Infra (RInfra) announcing a one-way promotional fare of Rs.10 for a month.

RInfra notches Rs 1,914 crore net profit last fiscal

The total income for financial year 2014 was Rs 20,274 as against Rs 23,433 crore in the previous financial year.

Reliance Infra`s Gurgaon-Faridabad toll plaza vandalised

GF Toll Road Private Ltd, the Reliance Infrastructure subsidiary that operates the Gurgaon-Faridabad expressway, has alleged that the toll plaza on the road was vandalised by some political activists who refused to pay the levy.

Mumbai Metro closer to ops, to get speed certificate this week

Railway`s research arm RDSO is likely to issue `speed certificate` to the much-awaited Mumbai Metro this week, sources said.

Anil Ambani meets Delhi LG over CAG audit

ADAG Chairman Anil Ambani Wednesday met Lt Governor Najeeb Jung and is understood to have discussed the CAG audit of two power distribution companies of Reliance Infra ordered by previous AAP government and other issues related to electricity supply.

BSES complains to Delhi govt on tariff reduction

Reliance Infra-backed BSES Rajdhani Power Ltd has sought Delhi Government`s intervention in overcoming its "precarious financial" condition in absence of "cost-reflective" electricity tariff.

Reliance Infra to enter Nifty Midcap 50; Vijaya Bank to exit

Nifty Midcap 50 index consists of stocks with average free float market capitalisation.

Reliance Infra falls around 4% on debt downgrade

Shares in Reliance Infrastructure fell around 4 percent after rating agency Crisil downgrades its rating on the company's debt programmes and long-term bank facilities to "A+/Negative" from "CRISIL AA-/Negative".

Wipro to replace Reliance Infra in Nifty

Wipro had been excluded from the NSE index from April 1.

Wipro to enter Nifty from Sep 27; Reliance Infra to exit

Earlier, Wipro was dropped from the CNX Nifty index from April 1 as its non-IT businesses were hived off into a separate unit.

R-Infra to emerge as leading firm in its segment: Anil Ambani

The company will look at every adversity as opportunity for growth, he added.

Anil Ambani group cos' stocks gain; RInfra climbs over 8%

In-sync with an overall strong stock market, shares of Anil Ambani-led Reliance Group companies were in limelight Thursday, with Reliance Infrastructure gaining over 8 percent.

Reliance Infra starts Jaipur-Reengus road project

The four laning of the 52 km Jaipur-Reengus road has been completed and toll collection has started.

DMRC begins preparations to operate Airport Express line

Delhi Metro Rail Corporation on Saturday said it has started all the necessary arrangements required to take over operations of the 22.7 km long express link.