Reliance Infrastructure to raise Rs 750 crore through bond issue
NEW DELHI: Reliance Infrastructure on Saturday said its board has approved raising up to Rs 750 crore by issuing foreign currency convertible bonds (FCCBs) on a private placement basis. Reliance Infrastructure in a BSE filing also said that Sandeep Khosla has been appointed as Chief Financial Officer (CFO) of the company. “We hereby inform you […]
Reliance Infrastructure completes stake sale in PKTCL to India Grid for Rs 900 crore
NEW DELHI: Reliance Infrastructure on Saturday said it has completed the sale of its entire 74 per cent stake in PKTCL to India Grid Trust for Rs 900 crore. The proceeds will be utilised for debt reduction, and the company’s dues will come down by 6 per cent to Rs 13,100 crore from Rs 14,000 […]
IndiGrid inks pact to acquire 74% stake in Parbati Koldam from Reliance Infrastructure
NEW DELHI: India Grid Trust on Saturday said that it has inked an agreement to acquire 74 per cent stake in Parbati Koldam Transmission Company from Reliance Infrastructure. “India Grid Trust has signed share purchase agreement on November 28th, 2020 for acquisition of 74 per centin Parbati Koldam Transmission Company Ltd (PKTCL) from Reliance Infrastructure […]
Reliance Infra’s total financial indebtedness at Rs 6,073 crore at December end
NEW DELHI: Reliance Infrastructure on Friday said its total financial indebtedness stood at over Rs 6,000 crore at the end of December 2019. The company has submitted to the stock exchanges a disclosure of defaults on payment of interest/repayment of principal amount on loans from banks/financial institutions and unlisted debt securities for the quarter ended […]
Reliance Infrastructure pledges 1.5 crore more shares in Reliance Power
NEW DELHI: Reliance Infrastructure on Friday pledged 1.5 crore additional shares in Reliance Power. According to a regulatory filing by the company, the reason for encumberance was “invocation of pledge against non-convertible debentures (NCDs) issued by Reliance Infrastructure Ltd”. The filing showed that the fresh pledge was done on September 9 in favour of lDBI […]
Reliance Infrastructure bags Rs 7,000 crore Versova-Bandra Sea Link project in Mumbai
NEW DELHI: Reliance Infrastructure on Wednesday said it has bagged Rs 7,000 crore Versova-Bandra Sea Link project contract from Maharashtra State Road Development Corporation (MSRDC) in Mumbai. Versova-Bandra Sea Link is a marquee project with a length of 17.17 km, which is three times the length of the Bandra-Worli Sea Link of 5.6 km. Reliance […]
Reliance wins Rs 648 crore contract from AAI to build new airport at Rajkot
NEW DELHI: Reliance Infrastructure (RInra) on Tuesday said the company has bagged a Rs 648 crore contract from the Airport Authority of India to build a new airport at Hirasar, in Rajkot district of Gujarat. The new airport is being constructed near National Highway-8B connecting Ahmedabad and Rajkot, nearly 36 km from the existing Rajkot […]