RInfra Q1 net down 12.39% to Rs 401 crore

Last Updated: Wednesday, August 12, 2015, 19:04

Reliance Infrastructure Wednesday reported over 12.39 percent drop in its net profit at Rs 400.91 crore for the April-June quarter due to factors including higher finance cost and statutory payments related to Delhi Airport Metro.

RInfra to seek operational subsidy to keep metro fares low

Last Updated: Monday, July 20, 2015, 17:13

Reliance Infrastructure-led Mumbai Metro One Monday said it will seek metro operational subsidy from the state government to keep the fares lower, even as the fare fixation committee has recommended its revision in the range of Rs 10 to Rs 110 for the over 11-km-long corridor.

RInfra Q4 profit down 26% to Rs 459 crore

Last Updated: Wednesday, May 27, 2015, 19:32

The company, led by Anil Ambani, had clocked a net profit of Rs 621.42 crore in the January-March quarter of the last fiscal.

Reliance Infrastructure-Pipavav Defence deal clears CCI test

Last Updated: Thursday, May 7, 2015, 17:39

Anti-trust watchdog CCI has approved Reliance Infrastructure's proposed acquisition of controlling stake in Pipavav Defence and Offshore Engineering in a Rs 2,000-crore deal.

Pipavav deal: Reliance Infra makes Rs 1,263-cr open offer

Last Updated: Tuesday, March 10, 2015, 20:05

Taking forward its proposed takeover of Pipavav Defence, Reliance Infrastructure Tuesday made an open offer for acquisition of further 26 percent stake from public shareholders for Rs 1,263 crore.

Reliance Infra acquires Pipavav Defence for up to Rs 2,082 cr

Last Updated: Wednesday, March 4, 2015, 19:52

In the biggest deal in the defence sector, billionaire Anil Ambani-led Reliance Infrastructure Wednesday announced acquisition of controlling stake in Pipavav Defence and Offshore Engineering for up to Rs 2,082.3 crore.

Reliance Infrastructure signs MoU with US-based Innovari Inc

Last Updated: Friday, February 13, 2015, 15:21

Reliance Infrastructure has signed an agreement with US-based Innovari on expanding Automated Demand Side Management (ADSM).

Anil Ambani's Reliance Group forays into defence sector

Last Updated: Thursday, February 12, 2015, 13:49

Three subsidiaries have been incorporated for the foray under group firm Reliance Infrastructure, the company said in a regulatory filing.

New, higher rates for Mumbai metro come into effect

Last Updated: Friday, January 9, 2015, 21:17

The new rates for the 11.4 km Versova-Andheri-Ghatkopar corridor, the first phase of metro in Mumbai, are Rs 10, Rs 20, Rs 30 and Rs 40.

Sanjay Nirupam defends `agitation` to lower power bills

Last Updated: Thursday, January 16, 2014, 00:23

Defending his agitation to lower the power tariff in Maharashtra, Congress MP Sanjay Nirupam on Wednesday continued his diatrive against the private electricity providers.

MERC decides electricity tariff in Mumbai: Reliance Infra

Last Updated: Tuesday, January 14, 2014, 16:22

Reliance Infrastructure has said that the demand for revision in electricity tariff in Mumbai can only be considered by Maharashtra power regulator MERC.

Infra cos pay over $1 bn in finance, interest costs in H1

Last Updated: Sunday, November 24, 2013, 13:44

India's major 10 infrastructure companies have together paid out more than USD 1 billion towards finance and interest costs during the first half of fiscal, resulting in huge dents in margins in some cases.