Page 3 - Reliance Infra

Rel Infra to consider raising long-term capital; board meeting on Sept 19

The company had previously raised Rs 550 crore by issuing shares on a preferential basis in July 2021

Reliance Infra board to meet on September 19 for preferential issue

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.

Reliance Infra plans to manufacture electric cars, taps ex-BYD executive

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

Reliance Infrastructure Q1 results: Net loss narrows to Rs 69.47 cr

Reliance Infrastructure Ltd on Wednesday said its consolidated net loss narrowed to Rs 69.47 crore in the June 2024 quarter. It had clocked a net loss of Rs 494.83 crore in the year-ago period, the company said in an exchange filing. The company's total income, however, rose to Rs 7,256.21 crore from Rs 5,645.32 crore a year ago. Its expenses rose to Rs 6,799.30 crore from Rs 6,372 crore in the first quarter of the previous fiscal. Reliance Infrastructure is engaged in the business of providing engineering and construction services for power, roads, metro rail, and other infrastructure sectors.

Q1FY25 results today: Glenmark Pharma among over 400 firms to post earnings

Q1FY25 company results: Cosco India, Bajaj Healthcare, Reliance Infrastructure, and Coffee Day Enterprises will be releasing their quarter results on Aug 14

DMRC not required to pay Rs 8,000 crore to Reliance Infra arm, says SC

The court clarified that the amounts deposited by the DMRC shall be refunded

Top headlines: Haldiram family to invest Rs 2,500 cr, Jio wages price war

Business Standard brings you the top headlines at this hour

DMRC review petition against Reliance Infra to be heard on March 29

The order said that if permission is given to DMRC it should deposit the entire amount payable along with interest within a month

Delhi HC fixes Feb 13 for next hearing in DMRC-DAMEPL case, may pass order

RInfra arm says it isn't immune from insolvency, pleads for court order to DMRC to release award amount to ease pressure from banks on DAMEPL

After SC rap, DMRC launches Rs 7,100 crore rights issue for RInfra dues

Transporter asks Centre, Delhi govt to infuse equity of Rs 3,500 crore each

Law for enforcement of arbitral award no different for govt: SC to DMRC

Comment follows non-payment of Rs 4,500 cr by Delhi Metro Rail to Reliance Infra, out of a total Rs 7,200 cr in an arbitral award passed by the top court

SC slams DMRC over non-payment of Rs 4,500 crore to Reliance Infra

There are public speeches on making India an international arbitration hub but the court's order not enforced, says bench

Reliance Infra moves SC against DMRC for payment of Rs 4,500 crore

Court issues notice to DMRC, seeks reply by Dec 12

DMRC would fall into a debt trap if it raises loans to pay DAMEPL: AG

The court has now given the Delhi Metro two weeks to work out the modalities for payment of the arbitration award to DAMEPL. The case will now be heard on October 31.

Delhi HC grants more time to DMRC to pay Reliance Infra arbitral award

The Delhi High Court granted time till October 31 to the Delhi Metro Rail Corporation to formulate a plan for the payment of the arbitral award amount to the Delhi Airport Metro Express Private Ltd

Reliance Infra had filed arbitration claim of Rs 500 crore: Adani

Reacts to RInfra statement of last week, which said it has filed a claim of Rs 13,400 crore; Adani says it has filed counterclaims

Reliance Infrastructure files Rs 13K-crore claim in Adani power deal

Reliance cited a breach of a December 2017 share purchase agreement relating to the transfer of its Mumbai power distribution business to Adani Transmission

DMRC seeks to raise Rs 2,700-crore loan to pay Reliance Infrastructure

As of May 31, DMRC has incurred an interest liability of over Rs 300 crore solely on account of delays in payment to DAMEPL

Reliance Industrial Infrastructure profit drops 65% in March quarter

The company had posted a consolidated profit of Rs 3 crore in the year-ago period, Reliance Industrial Infrastructure Ltd (RIIL) said in a filing to BSE

SC dismisses DMRC's review petition over arbitral award to RInfra unit

As per the Reliance Infrastructure's latest annual report, the award is worth around Rs 4,600 crore including the interest