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Reliance Infrastructure News

Reliance Infra appoints Anshul and Anmol Ambani as Directors

Their appointment is effective from October 9, 2019 and both shall hold office up to the ensuing annual general meeting (AGM) as additional directors, the company said in a BSE filing.

Reliance Infrastructure signs inter-creditor pact

RInfra said it has now achieved standstill for 180 days as per the ICA. According to the RBI circular, the resolution plan of Reliance Infrastructure is to be implemented within 180 days.

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Adani deal slashes Reliance Infrastructure’s debt load

The company, which had a gross debt of about Rs 22,000 crore prior to the deal, has reduced its debt by Rs 13,800 crore from the deal proceeds and is now aiming to be debt free in another year, Reliance Group chairman Anil Ambani said.

Reliance Infrastructure: Rs 133 crore NCD payment due on Aug 20 will be made in few days

"The entire proceeds of the sale transaction have been earmarked for the payment of various debt including final redemption of Series 3 NCDs amounting to Rs 133.38 crore due on August 20, 2018," RInfra said in a BSE filing.

Reliance Infrastructure Q2 net down 4.7 per cent

Reliance Infrastructure on Saturday reported a 4.7 per cent year-on-year decline in Q2FY18 net profit to Rs 543.81 crore.

Birla Corp buys RInfra cement unit for Rs 4,800 cr

RCCPL has an integrated cement capacity of 5.08 million tonne per annum (MTPA) at Maihar, Madhya Pradesh and Kundanganj, Uttar Pradesh and a grinding unit of 0.5 Mtpa at Butibori, Maharashtra.

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RInfra to sell 49% stake in power biz to Canada fund

RInfra will utilise proceeds of stake sale to reduce debt. As part of the deal, generation, distribution and transmission assets of Mumbai will become part of the new SPV.

Reliance Infra acquires Pipavav Defence for Rs819 cr

Apart from Mahindra & Mahindra, the Hero Group too had reportedly shown interest in acquiring the company.

Orissa govt cancels licence of 3 Reliance Infra power discoms

The power reform that it had undertaken in late Nineties, today came a full circle after state power regulator Orissa Electricity...

Metro operator says it’s bleeding, HC verdict on fare today

Tells the court its losses are mounting despite carrying around 2.65 lakh passengers daily on an average.

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Reliance Defence to set up shipyard in Visakhapatnam

Mumbai, Jan 11 (ANI): Reliance Defence has signed an accord with Andhra Pradesh Government to set up a naval facility along the country’s coast with an initial investment of Rs.50 billion. Reliance Defence, a unit of billionaire Anil Ambani’s Reliance Infrastructure, plans to build submarines and aircraft carriers as well as to provide services including maintenance and refitting of ships at the facility. Reliance Chairman Ambani cited estimates saying the Indian navy could spend nearly 200 billion rupees annually over the next 15 years on acquisitions and fleet modernisation of submarines and aircraft carriers.

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