Reliance Infrastructure board approves raising up to Rs 550.56 crore via preferential allotment
The funds raised would be utilised for long term resources, for general corporate purposes, fund future growth, and also to reduce debt.
Jun 06, 2021, 20:04 PM IST
Reliance Infra meet to consider fundraising, aims to become zero-debt co by next March
Infusion of fresh liquidity will enhance the company's financial flexibility and enable it to become a zero-debt company by March next year, Reliance Infrastructure said.
Jun 05, 2021, 17:27 PM IST
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.
Mar 01, 2018, 15:00 PM IST
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
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
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
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 on Saturday reported a net profit of Rs 40.94 crore for the quarter ended March 31.
Apr 15, 2017, 22:03 PM IST
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
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
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
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.
Nov 04, 2015, 22:33 PM IST
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.
Nov 04, 2015, 21:04 PM IST
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.
Sep 30, 2015, 21:49 PM IST
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.
Aug 12, 2015, 19:04 PM IST
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.
Nov 13, 2014, 22:14 PM IST
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.
Sep 30, 2014, 21:43 PM IST
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.
Jul 18, 2014, 20:41 PM IST
