Business Standard

Reliance Infra reports profit of Rs 41 cr, Invit in May

Firm had a Rs 327 cr loss a year ago; has bid for Rs 11,000 cr projects including Shivaji statue

As Reliance group shrinks, questions emerge
Premium

Amritha Pillay Mumbai
Anil Ambani-promoted Reliance Infrastructure reported a profit of Rs 41 crore against a loss of Rs 327 crore in the same period a year ago, on the back of improved operational performance. The company plans to launch its planned Infrastructure investment Trust (InvIT)in May.

The company’s total income fell to Rs 5,249.65 crore, from Rs 6,098.45 crore largely due to reduced income from its engineering, procurement and construction segment. Owing to reduction in EPC projects, the company expenses also declined to Rs 6,476.06 crore from Rs 7,266.31 crore in the same period a year ago.

“Revenue from the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in