Reliance Infrastructure Limited (RInfra)
India stood 10th worldwide with respect to overall quality infrastructure environment in the country.
Reliance Infrastructure Limited (RInfra) is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads, metro rail and airport in the infrastructure space and the defence sector. The company is also a leading utility company with presence across the chain of power businesses such as generation, transmission, distribution, and power trading. RInfra, through its SPVs, has executed a portfolio of infrastructure projects under BOT such as a metro rail project in Mumbai and eleven road projects with total length of about 1,000 kms. RInfra, along with its wholly owned subsidiary company, has installed capacity of 441 MW of power and distributes power to over 40 lakh consumers in Delhi. RInfra also provides engineering, procurement, and construction (EPC) services for developing power infrastructure and road projects.
Company source: http://www.rinfra.com/
Reliance Infrastructure Limited (RInfra)
| 2021 |
In September 2021, Reliance Infrastructure’s board approved a bid to raise US$ 100 million through unsecured foreign currency convertible bonds (FCCBs). In January 2021, Reliance Infrastructure Limited successfully completed the sale of its entire 74% equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of ~Rs.900 crore (US$ 124.25 million). In January 2021, the company successfully completed the sale of its 100% stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd. for an enterprise value of ~Rs.3,600 crore (US$ 497.03 million). |
| 2020 |
In November 2020, India Grid Trust signed an agreement to acquire 74% stake in Parbati Koldam Transmission Company (PKTCL) from Reliance Infrastructure. PKTCL was incorporated on September 2, 2002 and is a joint venture between Reliance Infrastructure Limited (74%) and Power Grid Corporation of India Limited (26%). Reliance Infrastructure to sell its stakes in Mumbai Metro-1. RInfra owns 69% stake in MMOPL (Mumbai Metro One Pvt Ltd.) Reliance Infrastructure won a major Arbitration Award of Rs. 1,250 crore (US$ 178.85 million) against Damodar Valley Corporation (DVC) |
| 2019 |
Reliance Infrastructure pledged Rs. 1.5 crore (US$ 0.21 million) additional shares in Reliance Power Reliance Infrastructure Ltd secured Rs. 7,000 crore (US$ 1 billion) Versova-Bandra Sea Link Project Reliance Infrastructure applied for Commercial Operations Date (COD) to National Highways Authority of India (NHAI) |
| 2018 |
The company expected to become debt free by 2019 after it sold the power distribution business to Adani Transmission Limited (ATL) Reliance Infrastructure (RInfra) bagged package-7 of Nagpur-Mumbai Samruddhi Expressway project from the Maharashtra State Road Development Corporation (MSRDC) |
| 2013 | The company joined the league to bid for constructing the Rs 27956 crore (US$ 4 billion) Indian railways Churchgate-Virar elevated corridor project. |
| 2008 | Reliance Infrastructure has bagged the contract for four-laning of the Gurgoan-Faridabad road and along with this the upgradation of the Ballabgarh-Sohana road on a build, operate and transfer (BOT) basis. This project involves the construction of 66 km of road on high density traffic zone and the project is expected to be completed in two years from the date of commencement with a concession period of 17 years. Company name has been changed from Reliance Energy Ltd to Reliance Infrastructure Ltd. |
| 2003 | The name of BSES Ltd changed to Reliance Energy Ltd. |
| 1994 | The Company entered into a MOU with National Thermal Power Corporation Ltd. to promote a joint venture company as a subsidiary in order to avail enormous opportunities in the power sector in construction, erection and other project management activities. The Company held 51 per cent of the equity of the subsidiary company. |
| 1992 | The name of the company was changed from Bombay Suburban Electric Supply, Ltd to its abbreviated version BSES Ltd. |
| 1981 | The company was awarded a contract for 34.5 KV distribution systems at A1-Jubail in Saudi Arabia. Another contract valued was awarded by Electricity Corporation of Saudi Arabia for A1 Qaseem Rural Electrification Distribution. |
| 1929 | The company was incorporated on October 1st, at Mumbai under the Companies Act, VII of 1913 as "Bombay Suburban Electric Supply Limited". |
- 11 road projects
- Total length of 970 kms under build, operate and transfer (BOT) scheme
- Consolidated income stood at Rs. 17,665 crore (US$ 2.35 billion) in FY21.
- RInfra is the largest National Highways Authority of India (NHAI) concessionaire under BOT scheme
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