Edition:
India

Reliance Infrastructure Ltd (RLIN.NS)

RLIN.NS on National Stock Exchange of India

37.75INR
23 Aug 2019
Change (% chg)

Rs1.05 (+2.86%)
Prev Close
Rs36.70
Open
Rs35.90
Day's High
Rs38.95
Day's Low
Rs33.05
Volume
31,069,750
Avg. Vol
26,865,144
52-wk High
Rs489.55
52-wk Low
Rs33.05

Latest Key Developments (Source: Significant Developments)

India's Reliance Infrastructure June-Qtr Consol Net Profit Rises
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - Reliance Infrastructure Ltd ::JUNE-QUARTER CONSOL NET PROFIT 2.99 BILLION RUPEES VERSUS 2.50 BILLION RUPEES YEAR AGO.JUNE-QUARTER CONSOL INCOME FROM OPERATIONS 54.69 BILLION RUPEES VERSUS 53.74 BILLION RUPEES YEAR AGO.  Full Article

Reliance Infrastructure Says Inter-Creditor Agreement Signed Amongst 16 Lenders
Thursday, 11 Jul 2019 

July 11 (Reuters) - Reliance Infrastructure Ltd ::INTER-CREDITOR AGREEMENT (ICA) SIGNED AMONGST ITS 16 LENDERS.AS PER RBI CIRCULAR OF JUNE 7, 2019, 100% OF THE LENDERS HAVE SIGNED ICA.COMPANY AIMS TO BE DEBT FREE IN 2020.RELIANCE INFRASTRUCTURE - ACHIEVED STANDSTILL FOR 180 DAYS AS PER ICA & RESOLUTION PLAN OF RELIANCE INFRASTRUCTURE TO BE IMPLEMENTED WITHIN 180 DAYS.  Full Article

Reliance Infrastructure To Monetise Reliance Center In Santacruz East
Monday, 1 Jul 2019 

July 1 (Reuters) - Reliance Infrastructure Ltd ::SAYS PLANS TO MONETISE ITS MARQUEE RELIANCE CENTER IN SANTACRUZ EAST BY WAY OF LONG-TERM LEASE.SAYS RELIANCE INFRASTRUCTURE TO UTILISE 100% OF PROCEEDS ONLY FOR DEBT REDUCTION.SAYS RELIANCE INFRASTRUCTURE AIMS TO BE DEBT FREE IN 2020.RELIANCE INFRASTRUCTURE-CURRENT STAFF OPERATING FROM RELIANCE CENTER TO BE RELOCATED TO MULTIPLE PROPERTIES OWNED BY GROUP ACROSS MUMBAI.  Full Article

Reliance Infrastructure Says Sale Of Delhi-Agra Toll Road To Close By Aug End
Thursday, 27 Jun 2019 

June 27 (Reuters) - Reliance Infrastructure Ltd ::SALE OF DELHI-AGRA (DA) TOLL ROAD TO CUBE HIGHWAYS AND INFRASTRUCTURE III PTE LTD. TO CLOSE BY AUGUST END.SAYS SALE FOR ENTERPRISE VALUE OF 36 BILLION RUPEES.TOLL ROAD COLLECTION PERIOD IS UNTIL 2038.CO TO UTILISE 100% OF PROCEEDS ONLY FOR DEBT REDUCTION.APPLIED FOR COMMERCIAL OPERATIONS DATE (COD) TO NATIONAL HIGHWAYS AUTHORITY OF INDIA (NHAI) FOR PROJECT.POST SALE, DEBT OF RELIANCE INFRASTRUCTURE WILL REDUCE BY OVER 25% TO LESS THAN 50 BILLION RUPEES.  Full Article

Reliance Infrastructure Says Life Insurance Corp Of India Cuts Stake In Co To 3.304 Pct
Thursday, 14 Mar 2019 

March 14 (Reuters) - Reliance Infrastructure Ltd ::LIFE INSURANCE CORP OF INDIA CUTS STAKE IN CO BY 2.086 PERCENT TO 3.304 PERCENT.  Full Article

Reliance Infrastructure Signs Agreement With Cube Highways And Infrastructure III
Thursday, 14 Mar 2019 

March 14 (Reuters) - Reliance Infrastructure Ltd ::SIGNS DEFINITIVE BINDING AGREEMENT WITH CUBE HIGHWAYS AND INFRASTRUCTURE III PTE LTD..TOTAL DEAL ENTERPRISE VALUE IS OVER 36 BILLION RUPEES.PROCEEDS TO BE UTILISED ENTIRELY FOR DEBT REDUCTION.SAYS CO'S DEBT WILL REDUCE BY OVER 25 PERCENT TO LESS THAN 50 BILLION RUPEES WITH DEAL.RELIANCE INFRASTRUCTURE-IN ADDITION, NHAI CLAIMS OF 12 BILLION RUPEES TO BE FILED BY DA TOLL ROAD WILL FLOW DIRECTLY TO CO.  Full Article

Reliance Infrastructure Gets Airport Authority Of India Contract Worth 6.48 Bln Rupees
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Reliance Infrastructure Ltd ::SAYS GOT AIRPORT AUTHORITY OF INDIA CONTRACT FOR NEW GREENFIELD AIRPORT AT HIRASAR IN RAJKOT, GUJARAT.SAYS BID VALUE FOR CONTRACT IS 6.48 BILLION RUPEES.  Full Article

L&T Finance Says Sale Of Reliance ADAG Group Cos' Shares Is Per Contractual Rights, And Legal
Friday, 8 Feb 2019 

Feb 8 (Reuters) - L&T Finance Holdings Ltd ::L&T FINANCE CONFIRMS THAT SALE OF SHARES OF RELIANCE ADAG GROUP COMPANIES IS AS PER CONTRACTUAL RIGHTS AND IS LEGAL.REFUTES, DENIES ALLEGATIONS MADE BY RELIANCE ADAG GROUP IN RESPECT OF SALE OF PLEDGED SHARES OF RELIANCE ADAG GROUP.L&T FINANCE HAD GRANTED LOANS AGAINST PLEDGE OF SHARES TO RELIANCE ADAG GROUP COMPANIES.BORROWER DID NOT CURE VARIOUS EVENTS OF DEFAULTS INCLUDING PROVIDING MARGIN FOR SHORTFALL IN THE STIPULATED SECURITY COVER.DESPITE VARIOUS NOTICES IN THE PAST FEW MONTHS, EVENTS OF DEFAULTS CONTINUED.CO ENFORCED ITS RIGHTS OF INVOCATION, SOLD PLEDGED SHARES TO EXTENT OF ITS OUTSTANDING DUES VIA DUE PROCESS OF CONTRACT AND LAW.  Full Article

Reliance Infrastructure Says Crisil Withdrew Its 'D' Ratings For Co's NCDs Worth 7.10 Bln Rupees
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Reliance Infrastructure Ltd ::SAYS CRISIL WITHDRAWS ITS 'D' RATINGS FOR CO'S NCDS TOTALLING 7.10 BILLION RUPEES.  Full Article

Reliance Infrastructure Says Court Directed Delhi Metro To Take Over Debt Servicing To Lenders Of Co's Unit
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Reliance Infrastructure Ltd ::DELHI HIGH COURT DIRECTS DMRC TO TAKE OVER ENTIRE DEBT SERVICING TO LENDERS OF DAMEPL OF 16.18 BILLION RUPEES.DMRC WILL HAVE TO START SERVICING DAMEPL DEBT TO 11 BANKS WHO HAD LENT TO CO'S UNIT TO RUN DELHI AIRPORT METRO EXPRESS LINE.  Full Article

CARE ratings for Indian debt instruments-Jun 26

Jun 26 Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of June 25, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------- ---------- ------ ------- --------- SHORT TERM RATINGS: ------------------- Aaren Intpro ST Bk Fac