Pipavav Defence to exit CDR post RInfra's open offer
Pipavav Defence & Offshore Engineering plans to exit the corporate debt restructuring (CDR) package, post Reliance Infrastructure open offer.
Nov 26, 2015, 18:50 PM IST
Shares of Pipavav Defence surge over 5% on open offer
Shares of Pipavav Defence and Offshore Engineering Tuesday settled with gains of over 5 percent after Reliance Infrastructure said it will make an open offer to acquire an additional 26 percent in the company.
Nov 17, 2015, 16:47 PM IST
Pipavav Defence jumps over 6% on Reliance Infra open offer
The Rs 1,263-crore open offer is scheduled to start on December 2.
Nov 17, 2015, 12:43 PM IST
Reliance Infrastructure to sell 49% stake Mumbai power biz for Rs 4,000 crore
Reliance Infra will sell 49 percent equity stake in its integrated power business in Mumbai and adjoining areas to Canada's Public Sector Pension Investment Board (PSP Investments).
Nov 16, 2015, 17:15 PM IST
RInfra to move aggressively on defence; quit roads, cement biz
Reliance Infrastructure (RInfra) Wednesday reported a tepid 4.62 percent rise in net profit for July-September quarter at Rs 451.1 crore, and said it will focus on the defence sector, while exiting the cement and road businesses by monetising these assets.
Nov 04, 2015, 22:33 PM IST
RInfra to sell 5.8MT cement business, monetise 8,800 cr projects
In a strategic move to unlock value, Reliance Infrastructure (RInfra) Wednesday said it will sell its 5.8 MTPA cement business and monetise 11 road projects worth Rs 8,800 crore, making the defence sector as primary driver of the company's growth.
Nov 04, 2015, 21:04 PM IST
Reliance Infra Q2 net profit up 5% at Rs 451 crore
Reliance Infrastructure Wednesday reported 4.62 percent increase in consolidated net profit at Rs 451.13 crore for the second quarter ended September 30, 2015-16, on higher income.
Nov 04, 2015, 18:51 PM IST
Reliance Infra to sell cement business to cut debt
As many as 10 global companies have been sounded for 100 percent stake of Reliance Cement, a wholly owned subsidiary of Reliance Infrastructure.
Oct 08, 2015, 12:55 PM IST
RInfra expects Pipavav acquisition to complete in this fiscal
Reliance Infrastructure (RInfra) expects to complete the acquisition of Pipavav Defence and Offshore Company in this fiscal and would rename the entity as Reliance Defence and Engineering.
Sep 30, 2015, 21:49 PM IST
RInfra Q1 net down 12.39% to Rs 401 crore
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.
Aug 12, 2015, 19:04 PM IST
RInfra to seek operational subsidy to keep metro fares low
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.
Jul 20, 2015, 17:13 PM IST
RInfra Q4 profit down 26% to Rs 459 crore
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.
May 27, 2015, 19:32 PM IST
Reliance Infrastructure-Pipavav Defence deal clears CCI test
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.
May 07, 2015, 17:39 PM IST
Pipavav deal: Reliance Infra makes Rs 1,263-cr open offer
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.
Mar 10, 2015, 20:05 PM IST
Reliance Infra acquires Pipavav Defence for up to Rs 2,082 cr
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.
Mar 04, 2015, 19:52 PM IST
Reliance Infrastructure signs MoU with US-based Innovari Inc
Reliance Infrastructure has signed an agreement with US-based Innovari on expanding Automated Demand Side Management (ADSM).
Feb 13, 2015, 15:21 PM IST
Anil Ambani's Reliance Group forays into defence sector
Three subsidiaries have been incorporated for the foray under group firm Reliance Infrastructure, the company said in a regulatory filing.
Feb 12, 2015, 13:49 PM IST
New, higher rates for Mumbai metro come into effect
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.
Jan 09, 2015, 21:17 PM IST
RInfra walks out of Charkop-Mankhurd metro project in Mumbai
Blaming the Maharashtra government for "non-fulfilment of certain critical obligations", Reliance Infrastructure (RInfra) Thursday walked out of the contract to develop the Rs 12,000-crore Charkop-Bandra-Makhurd Metro corridor in Mumbai.
Nov 13, 2014, 22:14 PM IST
Reliance Infra reports marginal rise in net profit
Reliance Infrastructure, a part of the Anil Dhirubhai Ambani Group, has reported a marginal increase in net profit for the second quarter of this fiscal, but indicated this could have been higher but for the loss on account of the Metro rail project here.
Nov 12, 2014, 18:33 PM IST
