Page 10 - Reliance Infrastructure

Reliance Infra rallies 6% as CRISIL changes ratings for NCDs

The stock moved higher by 6% to Rs 479 on the BSE after the company said the rating agency Crisil withdrawn its 'D' ratings for non convertible debentures (NCDs) worth of Rs 7.10 billion.

Anil Ambani-led RInfra wins Rs 2 billion arbitration against NHAI

NHAI will have to pay interest at 12 per cent per annum on the amount if they do not pay Rs 1.5 billion by the deadline

R-Infra defaults on Rs 1.33-bn NCDs, to pay after Mumbai distribution deal

Adani Transmission has a definitive binding agreement signed for 100% stake purchase of R-Infra's Mumbai Power Business in a deal valued at Rs 121 bn

Reliance Infra surges 8% after bagging Versova-Bandra Sea Link contract

Reliance Power, Reliance Capital, Reliance Naval and Engineering and Reliance Communications were up in the range of 2% to 5% on the BSE.

Delhi High Court directs DMRC to pay Rs 3.06 billion: Reliance Infra

Anil Ambani promoted Reliance Infrastructure on Tuesday said the Delhi High Court has given its subsidiary Delhi Airport Metro Express (DAMEPL) an immediate relief directing Delhi Metro Rail Corporation (DMRC) to pay Rs. 3.06 billion to a consortium of banks. The step, the company said, is to ensure that DAMEPL's accounts do not turn into a non performing asset (NPA) by the end of March this year."The High Court held that a party successful in arbitration and Section 34 cannot be allowed to become NPA for want of enforcement of the Award. The Court directed that it is just and necessary that the amount sufficient to avert the declaration of the accounts of the Petitioner as NPA should be paid by DMRC to the eleven banks before March 28, 2018," the company said in its statement.On 6th March, RInfra informed the exchanges the Delhi High Court has upheld its arbitration award of Rs 29.50 billion as compensation along with interest to Delhi Airport Metro Express Private Limited (DAMEPL). .

RInfra subsidiary moves Delhi High Court for DMRC arbitration award

Reliance Infrastructure also added the High Court has also directed DMRC to deposit Rs 35.02 billion in an escrow account within four weeks

RInfra arm moves Delhi HC over arbitration award against DMRC, stocks up 5%

Subsidiary Delhi Airport Metro Express has moved Delhi High Court seeking execution of the arbitration award it had won against DMRC

RInfra wins Rs 50 bn in DMRC arbitration award, will use funds to pare debt

Delhi HC asks Delhi Metro to deposit Rs 35 bn in an escrow account in four weeks

RInfra arbitration notice to Pipavav Defence promoters over Rs 54 bn claims

Anil Ambani-led company cites breach of warranties under purchase agreement for acquisition of Pipavav Defence

R-Infra gains as construction biz get a boost, EPC order book triples

Analysts call it a small positive step, say defence order visibility is key

Reliance Infrastructure Q3 net profit declines 20% to Rs 3 billion

It won two projects worth Rs 50 billion comprising 750 MW combined cycle power plant and 500 MMSCFD floating storage regasification unit

Reliance Infrastructure likely to win NTPC's EPC project worth Rs 5.67 bn

Anil Ambani led Reliance Infrastructure (RInfra) is likely to win a engineering, procurement and construction (EPC) project worth Rs567 crore, according to people to with direct knowledge on the development. " The company has emerged as L1 bidder in a tender floated by NTPC for Flue Gas Desulphurisation (FGD) works of its 3 x 500 MW power plant in Jhajjar, Haryana," according to company sources, who did not wish to be identified.The project involves design, engineering supply, transportation to site, erection and civil work, testing and commissioning of complete FGD system. The project is likely to be completed over a period of 20 months from the date of letter of award for the first unit.. Comprehensive retrofits with flue gas desulphurisation (FGD) system help power plants to meet the revised standards for emissions notified by the Ministry of Environment, Forest and Climate Change (MoEFCC) .The company earlier said it looks to focus on defence and the EPC division for future ...

Reliance Infrastructure's net profit dips 5%

Total income from operations of the Anil Ambani-led infrastructure major rose to Rs 7,734.91 crore in the quarter

Reliance Infra, Adani Transmission in talks for integrated Mumbai power biz

According to Adani Transmission, the proposed transaction will strengthen its footprint in the power transmission sector and also mark its foray into the distribution space

Reliance Infrastructure gains as arm wins Rs 2950 crore award against DMRC

The stock was up 4% at Rs 615 on BSE as compared to 0.06% rise in the S&P BSE Sensex at 9:18 am

Reliance Infra wins arbitration award against DMRC amounting to Rs 2,950 cr

Compensation covers damage as a result of breach of obligations under concession agreement

RInfra revises InvIT issue size downwards to Rs 2,500 crore

InvIT to hold seven against earlier planned 10 road projects

Reliance Infra reports profit of Rs 41 cr, Invit in May

Firm had a Rs 327 cr loss a year ago; has bid for Rs 11,000 cr projects including Shivaji statue

Reliance Infra bags Rs 711 crore highways project in Tamil Nadu

Other bidders for the project included L&T, IL&FS and Punj Lloyd

Reliance Infra demerger plan to be pushed to next fiscal

Anil Ambani-promoted Reliance Infrastructure (R-Infra) islikely to postpone its demerger plan to the next financial year. The companyhas moved the Bombay High Court, which is hearing its scheme of arrangement,seeking to change the effective date of the plan to April 1, 2017 from April 1,2016 earlier. Accordingly, the scheme when approved would take effectin the financial year 2017-18. The court is likely to take up the matter on early nextweek.The Rs 6,282 crore restructuring scheme, by which it plans to hive off the power generation and distribution facilities to a separate entitycalled Reliance Electric Generation and Supply (REGSL), was initiated a year ago as part of its deleveraging efforts.In January, the court had asked R- Infra to obtain a writtenconsent from all the lenders, both secured and unsecured, and the deal alsorequired the consent of Maharashtra Electricity Regulatory Commission (MERC). In a plea seeking the change dated March 15, the company told the court it ...