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 company results: Cosco India, Bajaj Healthcare, Reliance Infrastructure, and Coffee Day Enterprises will be releasing their quarter results on Aug 14
The court clarified that the amounts deposited by the DMRC shall be refunded
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The order said that if permission is given to DMRC it should deposit the entire amount payable along with interest within a month
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
Transporter asks Centre, Delhi govt to infuse equity of Rs 3,500 crore each
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
There are public speeches on making India an international arbitration hub but the court's order not enforced, says bench
Court issues notice to DMRC, seeks reply by Dec 12
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.
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
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 cited a breach of a December 2017 share purchase agreement relating to the transfer of its Mumbai power distribution business to Adani Transmission
As of May 31, DMRC has incurred an interest liability of over Rs 300 crore solely on account of delays in payment to DAMEPL
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
As per the Reliance Infrastructure's latest annual report, the award is worth around Rs 4,600 crore including the interest
As part of the comeback plan, Reliance Infrastructure received Rs 550 crore fund infusion from the Anil Ambani family
Analysts attribute sudden interest in ADAG stocks to the anticipation of the company becoming more proactive and aggressive to prune its debt obligations
Our top headlines on Tuesday track the latest developments