Page 4 - Reliance Infrastructure

Reliance Infra to receive Rs 1,100 cr equity infusion from promoters

Anil Ambani's flagship firm, Reliance Infrastructure Ltd is set to receive Rs 1,100 crore equity infusion from the promoters and another Rs 1,910 crore from two Mumbai-based investment firms, according to a filing by the company. The board of the company had on Thursday approved Rs 6,000 crore fund raise plan, of which Rs 3,014 crore was to be raised through preferential allotment of shares and Rs 3,000 crore share issue to institutional buyers. In the first phase, the company is launching Rs 3,014 crore preferential placement under which 12.56 crore equity shares or convertible warrants will be issued at an issue price of Rs 240 per share, according to the company's postal ballot seeking shareholder nod for share issue. Out of this, Rs 1,104 crore will be invested by promoters of Reliance Infrastructure through promoter company Risee Infinity Private Limited. Risee will subscribe to 4.60 crore shares. The two other investors participating in the preferential issue are Mumbai-based

RInfra pares debt by 87% to Rs 475 cr; clears dues with banks and ARCs

RInfra said, "Invent Assets Securitisation and Reconst­ruction Private has novated certain charged securities to recover its dues"

Reliance Infra cuts standalone external debt by 88% to Rs 475 crore

The company recently announced its plan of raising long-term capital

Reliance Infra rises 8% on paring debt, resolving power business dispute

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 Infra settles Rs 235 cr debt with Edelweiss and Rs 600 cr with LIC

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 gains 8% on plans to raise long-term funds

Reliance Infrastructure said a meeting of the board is scheduled for September 19 to discuss the fundraising

ADAG stocks crack up to 10% as Sebi bans Anil Ambani from markets for 5 yrs

Sebi bans Anil Ambani news: According to a PTI report, Sebi has barred Anil Ambani, and 24 other entities, from the securities market for a period of five years

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.

Sebi penalises RInfra, others for non-submission of no default statement

Capital markets regulator Sebi on Wednesday imposed penalties on seven entities including Reliance Infrastructure, Reliance Power and Incredible Realcon for non-submission of no default Statement (NDS) to credit rating agencies. The regulator levied a fine of Rs 1 crore each on Reliance Infrastructure, Reliance Power and Incredible Realcon, Rs 20 lakh on Paranjape Schemes (Construction) Ltd, Rs 14 lakh on PVP Ventures, Rs 5 lakh on Hindustan Cleanenergy and Rs 1 lakh on Ginni Filaments. These firms have been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its 90-page order. The matter pertains to the requirement of listed entities who have issued debt securities or other entities who have chosen to list their debt securities, to file No Default Statement (NDS) to the Credit Rating Agencies (CRAs). Sebi's rule mandates the companies or issuers to submit the NDS information to CRAs on a monthly basis. "The non-filing of NDS may have

The 'default' path: PSBs classify Reliance Infrastructure's SPV as NPA

Recently, RBI proposed to increase standard asset provision requirements for project loans during the construction phase to 5% from 0.40% now

RIL gets S&P, Fitch thumbs-up as strong earnings keep leverage in check

Reliance Industries Ltd has won a vote of confidence from global rating agencies S&P and Fitch after its robust earnings in the fiscal year ended March 31, 2024, supported its growth aspirations and kept leverage under check. S&P Global Ratings and Fitch Ratings in separate notes spoke of its EBITDA (loosely known as pre-tax profit) rising in the current fiscal year and next on rising revenue and past investments. "Reliance Industries Ltd's (RIL) strong earnings will keep leverage in check as the company continues to pursue growth ambitions. We expect the company's debt-to-EBITDA ratio to remain commensurate with the rating (BBB+/Stable/--)," S&P said in a note. The oil-to-telecom-and-retail conglomerate's growth aspirations remain intact, it said, adding the company has ramped up investments in the media business in recent months. In 2024, it entered into binding definitive agreements with The Walt Disney Co for a media joint venture in which RIL will invest Rs 11,500 ...

NCLT disposes case of bankruptcy plea filed by against Mumbai Metro One

In a relief to Reliance Infrastructure, National Company Law Tribunal (NCLT) has disposed of insolvency case filed by SBI and IDBI Bank against Mumbai Metro One Pvt Ltd (MMOPL). Mumbai Metro One Pvt Ltd (MMOPL) is a 74:26 joint venture of Reliance Infrastructure Ltd and Mumbai Metropolitan Regional Development Authority (MMRDA). "We wish to inform you that the Section 7 petitions of SBI and IDBI Bank are disposed of by NCLT Mumbai in view of OTS (one-time debt settlement) issued by all lenders, against Mumbai Metro One Pvt Ltd (MMOPL)," Reliance Infrastructure Ltd said in a regulatory filing on Monday. An application under Section 7 of Insolvency and Bankruptcy Code (IBC) is initiated by a financial creditor either on their own or jointly with other financial creditors for initiation of Corporate Insolvency Resolution Process against a corporate debtor. State Bank of India (SBI) had in August 2023 filed an application before the NCLT against the Mumbai Metro, to recover Rs 416.08 .

Anil Ambani's Reliance Infra says SC imposed no liability on company

Anil Ambani's Reliance Infrastructure Ltd on Wednesday said no liability has been imposed on it by the Supreme Court order that set aside a Rs 8,000-crore arbitral award that was granted in favour of Delhi Airport Metro Express Pvt Ltd (DAMEPL). Setting aside the award, the top court ordered DAMEPL to refund all sums previously paid by the Delhi Metro Rail in accordance with the arbitral award. DMRC had paid Rs 3,300 crore to DAMEPL. "Reliance Infrastructure wishes to clarify that the Order dated April 10, 2024, passed by the Supreme Court does not impose any liability on the company and the company has not received any money from DMRC / DAMEPL under the arbitral award," the firm said in a stock exchange filing. While DAMEPL is a subsidiary of Reliance Infrastructure, it is a separate entity and the liability falls on it.

Reliance Infra hits 5-year high; stock zooms 41% in 3 days

Reliance Infrastructure was trading 8 per cent higher at Rs 256.40, compared to 0.16 per cent decline in the S&P BSE Sensex

Reliance Infra Q3 results: Net loss widens to Rs 421 cr on higher expenses

Reliance Infrastructure Ltd on Friday reported widening of consolidated net loss to Rs 421.17 crore in the December quarter, due to higher expenses. It had clocked a net loss of Rs 267.46 crore in the year-ago period, the company said in an exchange filing. The company's total income, however, rose to Rs 4,717.09 crore from Rs 4,224.64 crore in the same period a year ago. Its expenses surged to Rs 5,068.71 crore from Rs 4,840.87 crore in the third 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.

NCLT approves resolution plan for Reliance Communications Infrastructure

Last week, the NCLT gave its approval for the sale of specific real estate properties of Reliance Communications Limited

Reliance Infrastructure Q2 result: Net loss widens to Rs 294 crore

Reliance Infrastructure Ltd (RInfra) on Wednesday reported a widening of net loss to Rs 294.06 crore during the September quarter as expenses increased. It had clocked Rs 162.15 crore net loss during the July-September period of the preceding 2022-23 fiscal, the company said in a regulatory filing. The company's total income, however, increased to Rs 7,373.49 crore over Rs 6,411.42 crore in the year-ago quarter. Expenses surged to Rs 7,100.66 crore from Rs 6,395.09 crore in the same quarter a year ago. RInfra is engaged in the business of providing Engineering and Construction (E&C) services for power, roads, metro rail and other infrastructure sectors. The company is also engaged in the implementation, operation and maintenance of several projects in the defence sector and infrastructural areas through its special purpose vehicles.

BSE SmallCap index tumbles 3.5% in second sharpest single-day fall of 2023

Total 14 stocks including Jai Corp, Kesoram Industries, MMTC, Ashapura Minechem, HPL, Omaxe, Prakash Industries and Reliance Infrastructure were locked in their respective lower circuits

Three bidders in race to acquire RInfra road projects for Rs 6,000 crore

The sale of the entire road portfolio of Reliance Infrastructure is anticipated by the end of this month

Contract reform seeks to settle disputes, make doing business easier

Second edition of the Vivad Se Vishwas scheme nudges government officers not to pursue adverse arbitration orders endlessly