Reliance Infra

The National Company Law Tribunal, Mumbai bench, admitted an insolvency petition filed by Canara Bank against HK Toll Road Private Limited, a wholly owned subsidiary of Reliance Infrastructure, for a claim of ₹282.6 crore. HK Toll Road operated a 59.87 km highway stretch under a concession from NHAI, which was terminated in January 2024. Reliance Infrastructure said it had already provided for its ₹355 crore exposure in its books. The order appoints Sanjay Kumar Mishra as interim resolution professional and imposes a moratorium on the subsidiary's assets. The parent company remains locked in separate arbitration and Supreme Court proceedings with NHAI over the same project.

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June 8 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RELIANCE INFRASTRUCTURE - UNDERTAKEN STEPS TO INCORPORATE AI AND RELATED TECHNOLOGY-DRIVEN ACTIVITIES

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Further company coverage: RLIN.NS

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Sept 30 (Reuters) - India's financial crime fighting agency is conducting searches at six premises of Reliance Infrastructure RLIN.NS over alleged violation of foreign exchange laws, a source told Reuters on Tuesday.

Reliance Infrastructure did not immediately respond to a Reuters request for comment.

(Reporting by Nikunj Ohri and Urvi Dugar; Editing by Mrigank Dhaniwala)

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Sept 5 (Reuters) - Reliance Infrastructure RLIN.NS said its unit would sell a 2% stake in its Indian joint venture to its partner, Dassault Aviation AM.PA, making the French fighter plane maker a majority owner of the firm with a 51% stake.

The deal will fetch the Anil Ambani group company - which will hold a 49% stake - 1.76 billion rupees (nearly $20 million) and is expected to be closed by November 1, Reliance Infrastructure said in an exchange filing on Friday.

Dassault Reliance Aviation currently makes parts for the Rafale fighter aircraft used by India's air force, as well as some components for Dassault's Falcon 2000 business jets.

($1 = 88.2516 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)

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** Reliance Infrastructure RLIN.NS and Reliance Power RPOL.NS both fall 5%

** India's federal agency filed a criminal case against industrialist Anil Ambani and his company Reliance Communications RLCM.NS on Saturday over a 30 billion rupee (~$344 million) fraud complaint brought by State Bank of India SBI.NS

** RLIN, RPOL say the criminal investigation has no impact on business operations and financial performance

** A spokesperson for Ambani told Reuters "Mr. Ambani strongly denies all allegations and charges, and will duly defend himself"

** An email query to SBI was not answered immediately

** RLIN down ~14% YTD while RPOL up 4.5%

($1 = 87.3650 Indian rupees)

(Reporting by Urvi Dugar)

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Aug 19 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RECEIVES LETTER OF AWARD FROM NHPC

• PROJECT WILL HAVE INSTALLATION OF 700 MWP SOLAR DC CAPACITY

• WINNING TARIFF WAS DISCOVERED AT 3.13 RUPEES/KWH

• PROJECT WILL ALSO HAVE 780 MWHR BATTERY ENERGY STORAGE SYSTEM CAPACITY

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Further company coverage: NHPC.NS

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Aug 8 (Reuters) - India’s Reliance Infrastructure RLIN.NS said on Friday that its power distribution companies in New Delhi will recover 214.13 billion rupees ($2.44 billion) in unpaid dues, following a Supreme Court ruling earlier this week that upheld their claims.

The dues stem from historical tariff shortfalls, where electricity prices approved by regulators did not fully cover the cost of supply.

Reliance Infra is part of the Anil Ambani-run Reliance Group. He is the younger brother of billionaire Mukesh Ambani.

Under a court-approved mechanism, the amount will be recovered from consumers over four years starting April 2024, likely through higher electricity tariffs.

On Wednesday, the Supreme Court ordered electricity regulators across India to clear deferred costs and unpaid dues owed to power distribution companies.

The court also instructed state regulators to conduct audits and submit recovery roadmaps.

In New Delhi alone, three distribution companies — including a unit of Tata Power TTPW.NS — had accumulated 272 billion rupees in unpaid dues by March 2024, according to the court document.

The Delhi Electricity Regulatory Commission will oversee the recovery process, which is expected to result in increased electricity bills for consumers in the national capital.

($1 = 87.6140 Indian rupees)

(Reporting by Sethuraman NR in New Delhi; Editing by Sonia Cheema)

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July 29 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RELIANCE INFRASTRUCTURE LTD - MMRDA DEPOSITS 5.60 BILLION RUPEES FOR MMOPL AWARD

Source text: ID:nNSEbQ9GX2

Further company coverage: RLIN.NS

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** Shares of Reliance Infrastructure REII.NS fall 3% to 331 rupees, their lowest since June 2

** Engineering and construction co posts a 98.6% Q/Q decline in June-qtr profit to 598.4 mln rupees ($6.92 mln); rev from ops rises 43.8% Q/Q

** More than 3.3 mln shares change hands, 1.4x of 30-day avg

** Stock up 8.8% YTD

($1 = 86.5130 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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July 25 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RELIANCE INFRASTRUCTURE JUNE-QUARTER CONSOL NET PROFIT 598.4 MILLION RUPEES

• RELIANCE INFRASTRUCTURE JUNE-QUARTER CONSOL INCOME FROM OPERATIONS 59.08 BILLION RUPEES

• RELIANCE INFRASTRUCTURE: NO IMPACT FROM RECENT ED ACTION ON CO, BUSINESS OPERATIONS, FINANCIAL PERFORMANCE

Source text: ID:nBSE9S6C0y

Further company coverage: RLIN.NS

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** India's Anil Ambani-led Reliance group's Reliance Power RPOL.NS and Reliance Infra RLIN.NS drop 5% each

** India's financial crime fighting agency will cover over 35 premises, 50 companies and over 25 persons associated with Anil Ambani's Reliance Group in a search operation on Thursday, Reuters reports, citing a government source

** Enforcement Directorate is investigating Anil Ambani-led group entities for alleged money laundering, report adds

** Companies did not immediately respond to Reuters' requests for comment

(Reporting by Kashish Tandon in Bengaluru)

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July 16 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• TO RAISE 60 BILLION RUPEES VIA EQUITY ISSUANCE

• TO ISSUE 30 BILLION RUPEES DEBENTURES

Source text: ID:nBSEt8hzW

Further company coverage: RLIN.NS

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July 3 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• SBI ACTION ON RELIANCE COMMUNICATIONS HAS NO IMPACT ON RELIANCE INFRASTRUCTURE

Source text: ID:nBSEb2jzw

Further company coverage: RLIN.NS

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June 30 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• FORMS STRATEGIC PARTNERSHIP WITH COASTAL MECHANICS, USA

• PARTNERSHIP WILL PROVIDE COMPREHENSIVE MAINTENANCE, REPAIR FOR INDIAN FIGHTERS AIRCRAFTS

Source text: ID:nnAZN425F1N

Further company coverage: RLIN.NS

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June 23 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RELIANCE INFRASTRUCTURE LTD - JR TOLL ROAD PAYS 2.73 BILLION RUPEES DEBT TO YES BANK

Source text: ID:nBSE8Hz8tt

Further company coverage: RLIN.NS

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June 18 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• DASSAULT AVIATION PARTNERS WITH RELIANCE INFRASTRUCTURE SUBSIDIARY

• UNIT TO MANUFACTURE FALCON 2000 BUSINESS JETS IN INDIA

• DASSAULT TO MANUFACTURE FALCON 2000 JETS OUTSIDE FRANCE FOR FIRST TIME

• FINAL ASSEMBLY LINE FOR FALCON 2000 JETS TO BE ESTABLISHED IN NAGPUR

• DASSAULT AVIATION TO DELIVER FIRST 'MADE IN INDIA' FALCON 2000 JET BY 2028

• DASSAULT AVIATION PARTNERS WITH RELIANCE INFRASTRUCTURE SUBSIDIARY

Source text: ID:nBSE4GWhpQ

Further company coverage: RLIN.NS

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** Shares of Reliance Infrastructure RLIN.NS drop 4.4% to five-month low of 239.05 rupees

** Roads and highways builder says Q3 net loss surged to nearly 33 bln rupees ($380 mln) from 4.21 bln rupees a year ago

** Says latest quarter included a 30.71 bln rupee one-time charge; did not give additional details

** Income from ops grew ~9% y/y, expenses fell 2% y/y

** Stock down 20% YTD, it gained ~45% in 2024

($1 = 86.7350 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Dec 27 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RELIANCE INFRASTRUCTURE - UNIT RECEIVES NOTICES FROM AXIS BANK AND IDFC FIRST BANK

• RELIANCE INFRASTRUCTURE LTD - NOTICES INVOKE RIGHT OF SUBSTITUTION UNDER CONCESSION AGREEMENT

• RELIANCE INFRASTRUCTURE LTD - NOTICES CITE ALLEGED DSRA DEFAULTS BY UNIT

• RELIANCE INFRASTRUCTURE - FINANCIAL IMPACT ON CO UNDETERMINED AT THIS STAGE

Source text: ID:nBSE3kWTMJ

Further company coverage: RLIN.NS

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Updates with Axis Bank's response, stock levels at close

** Shares of Reliance Infrastructure RLIN.NS gives up most of the session's losses to end flat; Axis Bank AXBK.NS reverses course to rise 0.2%

** RLIN said India's Supreme Court issues show-cause notice to co's unit, Delhi Airport Metro Express Pvt Ltd, and Managing Director of AXBK

** Notice from Supreme Court asks why contempt proceedings should not be initiated against them for violation of directions contained in an April 2024 judgment

** RLIN said its unit will take "appropriate steps to protect its interest" in the matter, adding financial implications are unascertainable at this stage

** Contempt petition not been served on the bank, Axis Bank spokesperson says, adding will review the contempt petition on receipt and take appropriate legal recourse

** RLIN logs first weekly loss in three; AXBK shares snap four-session losing streak

** RLIN has risen over 40%, while AXBK has gained 4% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

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Dec 12 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RELIANCE INFRASTRUCTURE - SUPREME COURT ISSUED NOTICE TO MD OF DAMEPL, AXIS BANK

• RELIANCE INFRASTRUCTURE - CO NOT PARTY TO PROCEEDINGS INITIATED BY DMRC

• RELIANCE INFRASTRUCTURE - APRIL 10 JUDGMENT DOES NOT IMPOSE ANY LIABILITY UPON CO

Source text: ID:nBSE47VMlK

Further company coverage: RLIN.NS

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Dec 10 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• UNIT RELIANCE VELOCITY INCORPORATED UNIT RELIANCE EV GO PVT LTD

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** Reliance Infrastructure's shares RLIN.NS up 5% to 267 rupees

** Co said on Tuesday said it will invest 100 bln rupees ($1.19 bln) over the next ten years on a project to produce explosives, ammunition and small arms

** Stock ended lower in last two sessions; has gained 27% YTD

(Reporting by Yagnoseni Das in Bengaluru)

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Oct 22 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RELIANCE DEFENCE TO SET UP INTEGRATED PROJECT FOR EXPLOSIVES, AMMUNITION AND SMALL ARMS UNDER DHIRUBHAI AMBANI DEFENCE CITY

• PROJECTED INVESTMENT OF UPTO 100 BILLION RUPEES SPREAD OVER NEXT 10 YEARS

• PROJECTS ENVISAGE POTENTIAL JOINT VENTURE WITH UPTO SIX GLOBAL DEFENCE COMPANIES

Source text for Eikon: ID:nBSE2h8PH8

Further company coverage: RLIN.NS

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Corrects to clarify in paragraph 2 that the company issued the news on Tuesday

MUMBAI, Oct 4 (Reuters) - India's Reliance Infrastructure RLIN.NS said it plans to raise up to $350 million by issuing foreign currency convertible bonds (FCCBs) to VFSI Holdings, an affiliate of investment firm Varde Investment.

The convertible bonds will have an "ultra-low cost" interest of 5% per annum with a long maturity of 10 years, the company said in a statement on Tuesday.

The FCCBs will be convertible into equity at 330 rupees per share.

The company, however, has not given any timeline for the issuance of the convertible bonds.

FCCBs are a mix of debt and equity instruments but act like bonds as they have regular coupon payments and give holders the option to convert the bonds into equity.

(Reporting by Bhakti Tambe; Editing by Savio D'Souza)

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** Shares of Reliance Infrastructure RLIN.NS and Reliance Power RPOL.NS up 2% and 5%, respectively

** Anil Ambani-run Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm Druk Holding and Investments

** The Indian conglomerate, run by the younger brother of Asia's richest man Mukesh Ambani, will form a new unit equally owned by Reliance Infra and Reliance Power

** RPOL stock hit exchange allowed max of 5%, its highest since mid-Jan 2018

** RPOL stock has gained over twofold and RLIN up 61%, YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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Oct 2 (Reuters) - Anil Ambani-run Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm.

The Indian conglomerate, run by the younger brother of Asia's richest man Mukesh Ambani, will form a new subsidiary that is equally owned by Mumbai-listed units Reliance Power RPOL.NS and Reliance Infrastructure RLIN.NS.

The subsidiary will develop 500 megawatts of solar power projects and 770 megawatts of hydro power projects with Bhutan's Druk Holding and Investments.

The conglomerate did not disclose the investment amount for the projects.

Reliance Power aims to expand in the renewable energy sector. The electric utility company last week raised $183 million last week and plans to raise more funds on Thursday.

The Mumbai-headquarted company had last week said that it had no debt from banks and financial institutions after settling dues of $461 million towards its unit.

In June, Indian billionaire Gautam Adani's ports-to-power conglomerate signed an agreement for a 570 megawatt green hydro project in Bhutan.

($1 = 83.9370 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Leroy Leo)

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** Shares of Reliance Infrastructure Ltd RLIN.NS up 5.3%

** RLIN, on Sat, said a court upheld arbitration award of 7.80 bln rupees ($93 mln), along with interest, payable to Co

** RLIN up 63% in Sept, set for best month since June 2020

(Reporting by Nandan Mandayam in Bengaluru)

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Sept 26 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• TO CONSIDER AND APPROVE RAISING OF LONG TERM RESOURCES

Source text for Eikon: ID:nBSE8fsC7

Further company coverage: RLIN.NS

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BENGALURU, Sept 23 (Reuters) - India's Reliance Power RPOL.NS, part of Anil Ambani's Reliance Group, said on Monday that it plans to raise up to 15.25 billion rupees ($183 million) through a preferential allotment.

The company aims to use the funds for business expansion and debt reduction.

It will raise funds by issuing 462 million shares or warrants worth 33 rupees each.

The Reliance Group-backed company named Reliance Infrastructure RLIN.NS, Authum Investment and Infrastructure, and Sanatan Financial Advisory Services as investors in its fundraising effort.

Following the fundraising, Reliance Infrastructure will increase its equity stake in the power company by over 6 billion rupees, it added.

The power-generating company stated that the additional capital will help support its involvement in the renewable energy sector.

This comes a month after Reliance Group chairman Anil Ambani was banned from the securities market for five years and fined about $3 million by the country's markets regulator on charges of diversion of funds.

Shares of Reliance Power closed 5% higher on Monday, taking its yearly gain to nearly 64%.

($1 = 83.5300 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Tasim Zahid)

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Sept 19 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RELIANCE INFRASTRUCTURE - ISSUANCE OF UPTO 125.6 MILLION SHARES OR WARRANTS AT 240 RUPEES PER SHARE

• RELIANCE INFRASTRUCTURE - APPROVES RAISING OF FUNDS 30 BILLION RUPEES

• RELIANCE INFRASTRUCTURE - FUNDRAISE VIA QUALIFIED INSTITUTIONAL PLACEMENT

Source text for Eikon: [ID:]

Further company coverage: RLIN.NS

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