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.

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.

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).

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.

RInfra expects Pipavav acquisition to complete in this fiscal

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.

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.

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.

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.

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.

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 creates record, carries 1 mn riders in 59 hrs

In less than a week after its inauguration, the Mumbai Metro has already created a record by ferrying one million passengers in a span of just 59 hours.

Mumbai Metro creates record, carries 1 mn riders in 59 hrs

In less than a week after its inauguration, the Mumbai Metro has already created a record by ferrying one million passengers in a span of just 59 hours.

Huge public response for Mumbai Metro

Some 240,000 people travelled Sunday on the inaugural service of the Mumbai Metro, run by Reliance Infrastructure (RInfra), which said it is overwhelmed by the public response.

Huge public response for Mumbai Metro

Some 240,000 people travelled Sunday on the inaugural service of the Mumbai Metro, run by Reliance Infrastructure (RInfra), which said it is overwhelmed by the public response.

RInfra Q4 net profit dips 14% to Rs 621.41 cr; revenue down 24%

Reliance Infrastructure on Monday reported a near 14 percent decline in consolidated net profit for the fourth quarter ended March 31, 2014 at Rs 621.42 crore due to decline in revenues which fell by 24 percent to Rs 4,707.69 crore.

HC allows RInfra to amend defamation suit against AAP

Bombay High court allowed Reliance Infrastructure (RInfra) to amend Rs 100 crore defamation suit filed against Aam Aadmi Party (AAP) which alleged that the company was overcharging consumers.

Sebi nod for merger of 2 transmission cos with RInfra

The proposal is for amalgamation of Western Region Transmission (Gujarat) Pvt Ltd (WRTGL) and Western Region Transmission (Maharashtra) Pvt Ltd (WRTML) with Anil Ambani group firm RInfra.

RInfra posts 12% jump in Q2 net at Rs 427 crore

The company had posted a net profit of Rs 382 crore in the corresponding quarter of previous year (2012-13), Reliance Infrastructure said in a statement.

CERC to hear Power Grid's petitions against RInfra next week

The regulator CERC has directed North Karanpura Transmission Company and Talcher-II Transmission Company to file implementation status of the project at the ground level.