Reliance Infrastructure

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

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.

Jan 09, 2018, 17:11 PM IST
Mumbai Metro launches mobile ticketing 'Skiiip Q' - No more queues for tickets or top up

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.

Nov 16, 2017, 18:30 PM IST
Adani to buy Anil Ambani-led RInfra's Mumbai power biz for Rs 13,000 crore

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.

Nov 10, 2017, 10:38 AM IST

Reliance Infra in exclusivity talks with Adani Transmission

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

Oct 10, 2017, 11:42 AM IST
Reliance Infra to participate in bullet train project

Reliance Infra to participate in bullet train project

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

Sep 26, 2017, 18:51 PM IST

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.

Jun 02, 2017, 19:19 PM IST
RInfra InvIT Fund's IPO gets SEBI approval

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).

May 24, 2017, 17:09 PM IST

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.

May 14, 2017, 16:50 PM IST
RInfra wins Rs 2,950-crore arbitration award against DMRC

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.

May 11, 2017, 17:54 PM IST
Reliance Infrastructure posts Rs 40 crore profit in Jan-Mar quarter

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.

Apr 15, 2017, 22:03 PM IST

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.

Oct 07, 2016, 13:57 PM IST
S&P, Moody's ratings on ATL unaffected by RInfra deal

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.

Oct 06, 2016, 15:04 PM IST

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.

Aug 22, 2016, 19:23 PM IST
Birla Corp clinches cement deal with RInfra; to pay Rs 4,800 crore

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.

Feb 04, 2016, 21:03 PM IST

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.

Dec 24, 2015, 18:51 PM IST
RInfra buys additional 17% stake in Pipavav for Rs 850 crore

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.

Dec 16, 2015, 20:26 PM IST
Pipavav Defence to exit CDR post RInfra's open offer

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.

Nov 26, 2015, 18:50 PM IST

Shares of Pipavav Defence surge over 5% on open offer

Shares of Pipavav Defence and Offshore Engineering Tuesday settled with gains of over 5 percent after Reliance Infrastructure said it will make an open offer to acquire an additional 26 percent in the company.

Nov 17, 2015, 16:47 PM IST

Pipavav Defence jumps over 6% on Reliance Infra open offer

The Rs 1,263-crore open offer is scheduled to start on December 2.

Nov 17, 2015, 12:43 PM IST
Reliance Infrastructure to sell 49% stake Mumbai power biz for Rs 4,000 crore

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).

Nov 16, 2015, 17:15 PM IST