The company posts a profit in Q4 FY25 after a year-ago loss, aided by strong EBITDA and lower debt; Delhi Discoms and Mumbai Metro show operational improvement
Q4 FY25 results today, April 16: Wipro, Angel One, and Reliance Infra to release earning report for the January-March quarter
CPL's assets of Rs 5,777.13 crore stand assigned or transferred to R-Infra
Q3 FY25 company results today: Reliance, Infosys, LTIMindtree, Havells, and Axis Bank are among 36 firms to release their earnings report for the Oct-Dec quarter on January 16
Reliance Industrial Infrastructure Ltd on Wednesday reported a 24 per cent decline in its third-quarter net profit as lower utilisation of infrastructure assets led to a fall in revenue. Consolidated net profit in October-December - the third quarter of April 2024 to March 2025 (FY25) fiscal - fell to Rs 2.74 crore from Rs 3.62 crore a year back, the company said in a statement. Its revenue fell 9.4 per cent to Rs 18.60 crore from Rs 20.52 crore in October-December 2023. This was "on account of lower utilisation of infrastructure assets," the statement said. "The company continues to provide infrastructure support services, which include transportation of petroleum products and raw water through pipelines and other support services mainly to Reliance Industries Limited," it said. "The company presently does not have any expansion plans on the anvil.
63 Moons, Mercury Ev-Tech, Axiscades, JSW Holdings, Indo Tech Transformers, Zaggle, Motisons, Sunflag Iron and EPACK Durable from the BSE Smallcap index were locked at 5% upper limit on Wednesday.
A bench of the court issued the notice to the parties for disobeying the court's orders to refund the money to DMRC that it had deposited in the escrow account
The new export-oriented project will be the largest greenfield defence initiative in India undertaken by a private sector company
Calcutta High Court has upheld Rs 780 crore arbitration award in favour of Reliance Infrastructure in the West Bengal-based Damodar Valley Corporation dispute
The arbitration award is worth approximately Rs 780 crore, including accrued interest, and bank guarantees of Rs 600 crore will also be released
The company recently received Rs 1,100 crore equity infusion from the promoters and another Rs 1,910 crore from two Mumbai-based investment firms
The company's Board has approved to raise Rs 3,014 crore through preferential issue. It will also consider a QIP worth Rs 3,000 crore
Looks to raise another Rs 3000 cr from QIP
RInfra said, "Invent Assets Securitisation and Reconstruction Private has novated certain charged securities to recover its dues"
Reliance Infrastructure has cleared its dues to LIC, Edelweiss Asset Reconstruction Company, ICICI Bank, Union Bank, and other lenders, apart from resolving disputes related to the transfer of its Mum
Reliance Infrastructure has brought down its external debt liability to Rs 475 crore. The company's net worth now stands at approximately Rs 9,041 crore
Reliance Infrastructure said a meeting of the board is scheduled for September 19 to discuss the fundraising
The company had previously raised Rs 550 crore by issuing shares on a preferential basis in July 2021
The board of Reliance Infrastructure Ltd will meet on September 19 to consider a preferential issue of shares to raise funds, the firm said in a stock exchange filing on Monday. The company had raised Rs 550 crore in July 2021 by issuing shares on preferential basis, wherein promoters infused Rs 400 crore and Varde Capital Partners -- an international investor -- subscribed to shares aggregating Rs 150 crore. In the filing, the firm said its board on September 19 will "consider and approve raising of long term resources from domestic and/or global markets, inter alia, by issue of equity shares/ equity linked securities/ warrants convertible into equity shares, by way of preferential issue and/ or qualified institutional placement and/or rights issue or any other method including determination of issue price". It, however, did not disclose the amount the firm was looking to raise.
It is also looking at the feasibility of building a battery plant starting with 10 gigawatt hours (GWh) of capacity and scaling up to 75 GWh over a decade, the person added