Page 7 - Reliance Infrastructure

Reliance Infra to receive Rs 595 cr from Damodar Valley Corp by July end

Reliance Infrastructure Limited (Reliance Infra) is set to receive a sum of Rs 595 crore from Damodar Valley Corporation (DVC) by July 31.

No VC hearings in the Supreme Court today; physical hearings to continue

Delhi was hit by a thunderstorm on Monday evening, leading to several parts of the national capital facing blackouts

RInfra posts 72% loss at Rs 449 crore in Q4, total income down by 8%

Reliance Infrastructure on Friday reported a loss of Rs 449.13 crore in the March 2022 quarter. The company had reported a consolidated net profit of Rs 1,611.02 crore in the corresponding quarter of FY21, a BSE filing said. The total income in the quarter under review declined to Rs 4,467.61 crore from Rs 7,860.81 crore in the year-ago period. In FY22, the company reported its consolidated net loss at Rs 938.39 crore, while it had posted a consolidated net profit of Rs 1,125.25 crore in the preceding fiscal. Total income in the fiscal also came down to Rs 19,132.55 crore from Rs 20,914.89 crore in 2020-21. It said that in FY22, Delhi Metro Rail Corporation paid Rs 1,766 crore to Delhi Airport Metro Express Ltd against arbitration award, which was used for debt reduction. Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in t

RInfra's subsidiary plea: DMRC provides details of funds in its bank a/c

As per the filing, DMRC has Rs 5,694 crores in its various bank accounts, as against DAMEPL's claim of above Rs 6,208 crores

Delhi High Court seeks DMRC's stand on due payment to DAMEPL

DAMEPL says that it wants the execution of arbitral award at the earliest and is not agreeable to any alternate proposal from DMRC

DMRC in contempt of HC order, fails to furnish bank a/c info: RIL infra arm

The Reliance Infrastructure subsidiary, DAMEPL has filed an application in the Delhi High Court on January 7 stating that DMRC in contempt, has failed to comply with the last order of the court

Hit by Covid-19 pandemic, DMRC finds it hard to pay R-Infra dues

The transport major's net loss stood at Rs 541.05 crore in the financial year 2019-20, widening from a loss of Rs 462.23 crore in 2018-19.

Stocks to Watch: Indigo, ONGC, PNB, Tata Power, RInfra, FMCG, Cement shares

Analysts expect under-performance by FMCG shares to continue

Will pay Rs 1,000 cr to Reliance Infra's arm in 48 hrs: DMRC tells HC

DMRC also suggested taking over the Reliance Infrastructure subsidiary's debt to the extent of the award money

HC to hear RInfra plea on Monday against DMRC to enforce SC order

The Supreme Court has dismissed the review petition filed by state-owned firms against its order upholding an arbitral award to Reliance Infrastructure subsidiary.

HC dismisses DMRC's plea for refund of Rs 678 crore paid to DAMEPL

The Delhi High Court has dismissed an application by DMRC seeking a refund of Rs 678 crore which was paid by it to the lenders of Reliance Infrastructure subsidiary DAMEPL in 2018

Stocks to Watch:GSK Pharma, Jet Airways, Rel Infra, auto, bank, FMCG shares

Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant

Supreme Court upholds arbitral award in favour of Anil Ambani firm

A Bench of Justices L Nageswara Rao and S Ravindra Bhat said no case for review is made out

Reliance Infra plans series of measures to prune group debt by March

As part of the comeback plan, Reliance Infrastructure received Rs 550 crore fund infusion from the Anil Ambani family

Reliance Infrastructure to raise Rs 750 crore through bond issue

Reliance Infrastructure in a BSE filing also said that Sandeep Khosla has been appointed as Chief Financial Officer (CFO) of the company.

Anil Ambani tells shareholders Rs 7,100-cr claim on DMRC to help prune debt

At AGM, RInfra chief says Supreme Court upheld arbitral award favouring Delhi Airport Metro Express Pvt Ltd, an RInfra arm that once ran Delhi Airport Metro Line

BSES ties up 3.3 Gw green power for supply in Delhi as it exits older PPAs

When the deal is concluded, the company would become the discom with the highest green energy tie-ups, claimed company executives

Reliance Infra raises Rs 550.56 cr via preferential allotment of securities

Reliance Infrastructure had earlier said the funds would be utilised for long-term resources for general corporate purposes, to fund future growth and also to reduce debt.

Reliance Power allots 59.50 cr equity shares, 73 cr warrants to RInfra

After approval from shareholders, through postal ballot, Reliance Power has allotted 59.50 crore equity shares and 73 crore warrants convertible to Reliance Infrastructure, a listed promoter company.

R-Infra gets shareholders nod to raise Rs 550 cr via preferential allotment

Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis