NCLAT stays insolvency proceedings against Reliance Infrastructure after the company claims it has fully paid all dues, including interest. The matter is set for hearing on August 27
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Reliance Infrastructure and subsidiary Reliance Power will raise Rs 9,000 crore each via equity and debt routes, as board approvals clear fresh capital infusion
Rating agency Ind-Ra on Friday upgraded Reliance Infrastructure's credit rating on its existing non-fund based working capital limits, reflecting its substantial deleveraging efforts, resulting in net zero debt with banks and financial institutions. India Ratings and Research upgraded the credit rating from IND D' to IND B / Stable / IND A4'. Additionally, the company said in a regulatory filing that Ind-Ra has withdrawn the ratings assigned to the earlier proposed fund-based and non-fund-based limits, which were not raised or availed by the company. This upgrade represents a significant improvement of three notches in the company's credit profile, achieved after six years at the IND D rating level, it stated. The upgrade also reflects the company's substantial deleveraging efforts, resulting in net zero debt with banks and financial institutions, it stated. The improvement in rating also reflects Reliance Infra's timely servicing of standalone debt obligations for three consecuti
Reliance Infrastructure and Reliance Power assert that SBI's classification of Reliance Communications' loan account as fraud will have no impact on their business, financials, or stakeholders
According to a statement by Reliance Infrastructure, the partnership will focus on lifecycle support for a range of platforms used by the Indian Armed Forces
The deal with Rheinmetall will support Reliance's plan to be among India's top three defence exporters and includes a major investment in a facility in Ratnagiri, Maharashtra
Mukesh Ambani says Reliance will use artificial intelligence and deep tech to build its next phase of growth, calling it the company's biggest leap after telecom and energy