Page 2 - Rinfra

RInfra to sell entire stake in Delhi-Agra Toll Roadway for Rs 3,600 crore

Reliance Infrastructure Ltd Thursday said it will sell its entire stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani led company's debt will be reduced by 25 per cent to less than Rs 5,000 crore. Reliance Infrastructure (RInfra) has entered into a pact with Cube Highways in this regard. Cube Highways and Infrastructure III Pte Ltd is a Singapore-based company formed by global infrastructure fund - I Squared Capital and a wholly-owned subsidiary of the Abu Dhabi Investment Authority. The transaction is in line with Reliance Infrastructure's strategic plan of monetising non-core business and focus on major growth areas like engineering & construction (E&C) business. RInfra today announced the signing of Definitive Binding Agreement with Cube Highways and Infrastructure III Pte Ltd for the sale of its 100 per cent stake in Delhi-Agra (DA) Toll Road Private Limited, the company said in a statement. "The total deal .

Succession plan? Anil Ambani's younger son Jai Anshul to join RInfra board

With this induction, one more person from the next generation of the Ambanis has now joined the family business. Induction of Anshul would coincide with the birthday of the late Dhirubhai Ambani

RInfra Q2 net profit posts 49% slip to Rs 2.77 bn from Rs 5.43 bn

The company's consolidated income increased to Rs 72.07 billion in the July-September quarter, over Rs 58.98 billion in the year-ago period

Anil Ambani-led RInfra settles dues worth Rs 26.40 bn of Maharashtra govt

RInfra had this week announced the completion of the sale of its entire Mumbai energy business to Adani Transmission for Rs 188 billion

RInfra bags Rs 19-bn contract for package 7 of Nagpur-Mumbai e-way

The work is expected to be completed in 30 months from the appointed date

Anil Ambani's RInfra completes sale of Mumbai power assets biz to Adani

The deal includes Reliance Infrastructure's integrated business of Generation, Transmission and Retail Electricity Distribution

Reliance Infrastructure wins Rs 10.81 billion EPC project for Kudankulam

RInfra expects to target EPC opportunities worth Rs 2 trillion, with an aim to increase its EPC order book to Rs 500 billion in the current financial year

RInfra bags 2 NH road projects worth Rs 19 billion in Bihar, Jharkhand

he six-laning of both the roads projects is under the Government of India's flagship National Highway Development Program (Phase V) and is funded by NHAI, RInfra said

RInfra transfers western region ops to its arms ahead of sale to Adani

Sale proceeds to be used for debt reduction

RInfra's Rs 3,000-cr InvIT fund gets NHAI approval

RInfra has portfolio of 11 road projects with total length of around 1,000 km on build, operate

RInfra to sell transmission business to Adani Transmission

Assets part of RInfra's transmission business have an asset base of Rs 7,000 crore