The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Madhya Pradesh as part of a FEMA investigation being conducted against Anil Ambani Group company Reliance Infrastructure, official sources said. At least six premises of some linked entities in Mumbai and Mhow in Indore were searched, they said. The surprise action was part of a Foreign Exchange Management Act (FEMA) investigation being conducted against Reliance Infrastructure on charges of making some illegal remittances abroad, they said. The company said in a statement that the ED action was in relation to a matter "dating back 15 years". "In 2010, the company had awarded an EPC contract for the construction of the JR Toll Road (Jaipur ?Ringus Highway) to Prakash Asphaltings & Toll Highways." "This was a domestic contract with no foreign exchange involved," it said in a statement. The work was completed and the company has no continuing connection or relationship with the said contractor. The toll ..
The CBI has filed chargesheets alleging fraudulent transactions between Anil Ambani's group companies (RCFL and RHFL), Yes Bank, and companies linked to the family of former Yes Bank chief Rana Kapoor
Recent action by CBI on Reliance Communications has had no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders, Reliance Power and Reliance Infrastructure said on Sunday. In two separate exchange filings, the Reliance Group companies said they are separate and independent listed entities with no business or financial linkage to Reliance Communications. Further, Anil D. Ambani is not on the Board of Reliance Power Ltd for more than 3.5 years. Accordingly, any action in relation to Reliance Communications has no bearing or impact on their governance, management, or operations, the companies said. The companies said they "wish to clarify on the media reports that the recent action by Central Bureau of Investigation on Reliance Communications Ltd and on Anil D Ambani has no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders." At present, Reliance Communications is being ..
Reliance Infrastructure plans to monetise its Pune-Satara Toll Road project at an enterprise value of ₹2,000 crore, with Cube Highways set to acquire the asset
Reliance Infra to sell Pune-Satara Toll Road for ₹2,000 crore, cut ₹1,400 crore debt, and free ₹600 crore equity to fund future business growth opportunities
Reliance Infrastructure secures Rs 4,000 crore NHPC solar and BESS project, adding 700 MWp solar and 780 MWh storage capacity to become India's largest integrated solar-BESS player
Reliance Infrastructure on Tuesday said it has received a Letter of Award from state-owned NHPC for a 390 MW solar power Project and 780 MWhr battery energy storage system. Once commissioned, the platform will add 700 MWp of solar DC capacity and 780 MWhr of BESS capacity to Reliance Group's portfolio, consolidating its leadership in new energy solutions, a company statement said. According to the statement, Reliance Infrastructure Ltd has received a Letter of Award (LoA) from NHPC, a Navratna central public sector enterprise, for a 390 MW interstate transmission system (ISTS)-connected solar power project coupled with a Battery Energy Storage System (BESS). The winning tariff was discovered at Rs 3.13/kWh, positioning the project among the most competitively priced offerings in India's energy transition landscape. Reliance Power, a listed entity in the Reliance Group, already has a renewable energy portfolio of nearly 2.5 GWp of Solar and 2.5 GWhr of BESS capacity. With this ...
R-Infra posted a profit (attributable to owners of the parent company) for the first quarter of FY26 of Rs 59.84 crore against a loss of Rs 233.74 crore incurred in Q1 FY25
The Enforcement Directorate has issued a lookout notice against Anil Ambani in connection with a money laundering case, preventing him from leaving India without prior approval
The company further stated that it had a net exposure of Rs 6,500 crore, which was duly disclosed in its financial statements over the past four years
The Bombay High Court had directed MMRDA to pay Rs 1,169 crore to Reliance Infra arm MMOPL in an arbitration case related to the Versova-Andheri-Ghatkopar metro line
Reliance Infrastructure and Reliance Power clarify that Enforcement Directorate's actions have concluded at all locations, with no impact on business operations, financial performance, or stakeholders
FMCG arm to be demerged from Reliance Retail
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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
Reliance Infrastructure on Monday said its wholly-owned subsidiary JR Toll Road Private (JRTR) has paid the entire debt settlement amount of Rs 273 crore to Yes Bank Ltd (YBL). Reliance Infrastructure in a regulatory filing said the agreement has also resulted in full settlement/discharge of the company's obligation as a guarantor for the said loan on behalf of JRTR. YBL does not hold any shares in the Company and is neither a related party nor part of the promoter group, it added. " ...we hereby inform that JR Toll Road Private Limited (JRTR), a wholly owned subsidiary of the Company has entered into an addendum to the settlement agreement today with Yes Bank Limited (YBL) for the entire outstanding debt obligation of Rs 273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount," Reliance Infrastructure said.
Yes Bank classified the ₹273-crore loan to JRTR as an NPA after prolonged losses, which impaired timely repayments
Dassault partners Reliance to assemble Falcon jets in Nagpur, marking the first Falcon manufacturing base outside France; DRAL named global Centre of Excellence
MMOPL has been operating Mumbai's first metro line between the Versova-Andheri-Ghatkopar Corridor -- which recently completed 11 years of operations
NCLAT suspends insolvency order by NCLT after Reliance Infra argues it has cleared ₹92.68 crore dues linked to Dhursar Solar Power; next hearing set for July 18