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Reliance Infrastructure Ltd (RLIN.NS)

RLIN.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Reliance Infrastructure Wins 2 Bln Rupee Arbitration Award Against NHAI
Monday, 3 Sep 2018 

Sept 3 (Reuters) - Reliance Infrastructure Ltd ::WINS 2 BILLION RUPEE ARBITRATION AWARD AGAINST NHAI.SAYS CO TO GET 1.50 BILLION RUPEES FROM NHAI BY NOVEMBER 29, 2018.SAYS TRIBUNAL ALSO AWARDED CO COMPENSATION AT 13.5 PERCENT OF ACTUAL REVENUE FOR LOSS OF REVENUE SUFFERED DUE TO CHANGE IN LOCATION OF TOLL PLAZA.  Full Article

Reliance Infra Chairman Says Co's Debt Comes Down To 75 Bln Rupees Through Mumbai Power Business Sale
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Reliance Infrastructure Ltd Chairman Anil Ambani ::CHAIRMAN SAYS DEBT OF CO COMES DOWN TO 75 BILLION RUPEES THROUGH SALE OF MUMBAI POWER BUSINESS.CHAIRMAN SAYS CO EXPECTS TO BE ZERO DEBT COMPANY BY END OF NEXT YEAR.CHAIRMAN SAYS CO HAS PLANS TO TRANSFORM INTO HIGH GROWTH AND CAPITAL LIGHT BUSINESS.CHAIRMAN SAYS CO DOESNT NEED TO PURSUE ANY OTHER ASSET MONETISATION FOR REDUCING DEBT ANY MORE.  Full Article

Reliance Infrastructure To Consider Transfer Of A Business To Adani Transmission
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Adani Transmission Ltd ::RELIANCE INFRASTRUCTURE LTD - TO CONSIDER TRANSFER OF INTEGRATED MUMBAI POWER BUSINESS TO ADANI TRANSMISSION LIMITED.  Full Article

India's Reliance Infrastructure June-Qtr Consol Net Profit Down About 18.5 Pct
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Reliance Infrastructure Ltd ::JUNE QUARTER CONSOL NET PROFIT 2.72 BILLION RUPEES VERSUS PROFIT OF 3.34 BILLION RUPEES LAST YEAR.JUNE QUARTER CONSOL TOTAL INCOME FROM OPERATIONS 76.17 BILLION RUPEES VERSUS 76.56 BILLION RUPEES LAST YEAR.  Full Article

Reliance Infra Gets Maharashtra Electricity Regulatory Commission Nod for Sale Of Integrated Mumbai Power Business
Thursday, 28 Jun 2018 

June 28 (Reuters) - Reliance Infrastructure Ltd ::MAHARASHTRA ELECTRICITY REGULATORY COMMISSION APPROVES SALE OF CO'S INTEGRATED MUMBAI POWER BUSINESS TO ADANI TRANSMISSION.SAYS TOTAL CONSIDERATION VALUE ESTIMATED AT 188 BILLION RUPEES.TRANSACTION EXPECTED TO CLOSE IN JULY 2018.GOING FORWARD, CO WILL FOCUS ON UPCOMING OPPORTUNITIES IN ASSET LIGHT EPC AND DEFENCE BUSINESSES.CO WILL UTILIZE PROCEEDS OF TRANSACTION ENTIRELY TO REDUCE ITS DEBT, BECOMING DEBT FREE, UP TO 30 BILLION RUPEES CASH SURPLUS.  Full Article

Reliance Infrastructure Says Co's JV With Astaldi S.P.A (Italy) Gets EPC Contract For Versova-Bandra Sea Link Project
Monday, 7 May 2018 

May 7 (Reuters) - Reliance Infrastructure Ltd ::SAYS CO, ASTALDI S.P.A (ITALY) IN JV BAGGED EPC CONTRACT FOR VERSOVA-BANDRA SEA LINK PROJECT IN MUMBAI.SAYS LOA FOR PROJECT ISSUED BY MAHARASHTRA STATE ROAD DEVELOPMENT CORP.SAYS RELIANCE INFRASTRUCTURE-ASTALDI S.P.A JV BID FOR CONTRACT AT 69.94 BILLION RUPEES.SAYS VERSOVA-BANDRA SEA LINK PROJECT IS TO BE COMMISSIONED IN 60 MONTHS.  Full Article

Reliance Infrastructure Gets EPC Contract For Railway Project Worth 7.74 Bln Rupees
Thursday, 19 Apr 2018 

April 19 (Reuters) - Reliance Infrastructure Ltd ::RELIANCE INFRASTRUCTURE -GETS EPC CONTRACT FROM RAIL VIKAS NIGAM LIMITED FOR RAILWAY PROJECT WORTH 7.74 BILLION RUPEES.RELIANCE INFRASTRUCTURE - WORKS TO BE COMPLETED WITHIN 48 MONTHS.RELIANCE INFRASTRUCTURE - IS PURSUING PROJECT OPPORTUNITIES TO INCREASE ITS EPC ORDER BOOK TO 500 BILLION RUPEES BY FY19.  Full Article

India's Reliance Infrastructure Dec Qtr Consol Profit Falls
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Reliance Infrastructure Ltd ::DEC QUARTER CONSOL NET PROFIT 3.01 BILLION RUPEES VERSUS PROFIT OF 3.75 BILLION RUPEES LAST YEAR.DEC QUARTER CONSOL TOTAL OPERATING INCOME 58.61 BILLION RUPEES VERSUS 57.24 BILLION RUPEES LAST YEAR.  Full Article

Reliance Infrastructure Moves Applications To MERC For Assignment Of Transmission And Distribution Licenses
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Reliance Infrastructure Ltd ::MOVED APPLICATION TO MERC FOR ASSIGNMENT OF TRANSMISSION AND DISTRIBUTION LICENSES FOR MUMBAI POWER BUSINESS TO CO'S UNIT.  Full Article

Reliance Infrastructure to Sell Integrated Mumbai Power Business​ To Adani Transmission
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Reliance Infrastructure Ltd ::SIGNS DEFINITIVE BINDING AGREEMENT WITH ADANI TRANSMISSION LTD FOR 100% SALE OF ITS INTEGRATED MUMBAI POWER BUSINESS​.SAYS TOTAL DEAL VALUE IS 132.51 BILLION RUPEES.SAYS TOTAL CONSIDERATION VALUE ESTIMATED AT 188 BILLION RUPEES.PROCEEDS FROM DEAL TO BE UTILISED ENTIRELY FOR DEBT REDUCTION.SAYS CO WILL BECOME DEBT FREE AND UP TO 30 BILLION RUPEES CASH SURPLUS WITH THIS TRANSACTION.  Full Article

CORRECTED-Italy - Factors to watch on May 7

(Corrects conversion of 69.94 billion rupees to 870 million euros, not 87 million euros) The following factors could affect Italian markets on Monday.