RELINFRA

** 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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** Shares of Reliance Infrastructure RLIN.NS and Axis Bank AXBK.NS drop 2.3% and 1.5%, respectively

** 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, financial implications are unascertainable at this stage

** Axis Bank did not immediately respond to a Reuters request for comment on the matter

** RLIN stock on track to log first weekly loss in three; AXBK shares extend losing streak for a fifth straight session

** YTD, RLIN has risen 37%, AXBK has gained 2.4%

(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

Source text: [ID:]

Further company coverage: RLIN.NS

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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) - Indian industrialist Anil Ambani's Reliance Infrastructure RLIN.NS said on Tuesday it will invest 100 billion rupees ($1.19 billion) over the next ten years on a project to produce explosives, ammunition and small arms.

India, which counts the Tata Group, the Adani Group and Larsen & Toubro as major private defence manufacturers, has been pushing to increase domestic production of defence equipment, with exports hitting an all-time high of 210.83 billion rupees in the previous fiscal year.

Reliance Infra will set up the project in the western state of Maharashtra and is aiming for potential joint ventures with six global defence companies, the company said in an exchange filing, without giving any further details.

It currently operates JVs with French defence firms Dassault Aviation AM.PA and Thales TCFP.PA. The JVs export to countries such as France, and their products include engine doors for the Rafale fighter jet.

Reliance Infra, whose units already have licences from the government to make arms and ammunition, has exported defence equipment worth more than 10 billion rupees over an unspecified period.

($1 = 84.0460 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Varun H K)

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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:]

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** Shares of Reliance Infrastructure RLIN.NS settle 20% higher at 282.73 rupees, marking its best day in two years

** Engineering and construction firm said it reduced its standalone external debt to 4.75 billion rupees ($56.8 million) from 38.31 billion rupees

** RLIN hits its highest level since early April

** Stock rises for a third straight session, gaining 33% in the period

** More than 52 mln shares traded, 5x their 30-day avg

** RLIN up 12% YTD

($1 = 83.6850 Indian rupees)

(Reporting by Vijay Vaidyanathan)

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Sept 17 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• SETTLEMENT AGREED BETWEEN CO, EDELWEISS ASSET RECONSTRUCTION

• SETTLEMENT FOR OBLIGATIONS OF DEBENTURES OF 3.85 BILLION RUPEES

Source text for Eikon: ID:nBSE1BhY5X

Further company coverage: RLIN.NS

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

• RELIANCE INFRASTRUCTURE LTD - TO CONSIDER AND APPROVE RAISING OF LONG TERM RESOURCES

Source text for Eikon: ID:nBSE64TcpS

Further company coverage: RLIN.NS

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By Aditi Shah

NEW DELHI, Sept 6 (Reuters) - India's Reliance Infrastructure RLIN.NS is considering plans to manufacture electric cars and batteries, and has hired the former India head at China's BYD Co 002594.SZ to advise on its plans, two sources briefed on the matter told Reuters.

The company, part of Anil Ambani's Reliance Group, has hired external consultants to conduct a "cost feasibility" study for setting up an EV plant with an initial capacity of about 250,000 vehicles a year, to be scaled up to 750,000 over some years, the first source said.

It is also looking at the feasibility of building a battery plant starting with 10 gigawatt hours (GWh) of capacity and scaling up over a decade, the person added.

Reliance Infrastructure did not respond to a request for comment on its plans, which are being reported for the first time.

Former BYD executive Sanjay Gopalakrishnan, who has joined as a consultant to advise on the EV project, did not respond to a request for comment.

Anil Ambani is the younger brother of Mukesh Ambani, Asia's richest man and head of Reliance Industries RELI.NS, which has interests ranging from oil and gas to telecoms and retail. The brothers split the family business in 2005.

Mukesh's company is already working to locally manufacture batteries and this week won a bid to receive government incentives for 10 GWh of battery cell production.

If Anil's group decides to press ahead with its plans, the brothers will go head-on in a market where EVs have a niche presence but are growing fast.

Electric models made up less than 2% of the 4.2 million cars sold in India last year, but the government wants to grow this to 30% by 2030. It has budgeted over $5 billion in incentives for companies locally manufacturing EVs and their components, including batteries.

Battery making is yet to take-off in India but some local manufacturers like Exide EXID.NS and Amara Raja AMAR.NS have tied-up with Chinese players for technology to manufacture lithium-ion battery cells in the country.

Reliance Infrastructure is also looking for partners, including Chinese companies, and is aiming to finalise its plans within a few months, the first source said.

India's Tata Motors TAMO.NS is the country's largest EV player with a nearly 70% share of the market, with rivals like SAIC's 600104.SS MG Motor and BYD gaining pace. Overall auto market leaders Maruti Suzuki MRTI.NS and Hyundai Motor 005380.KS plan to launch EVs in 2025.

Gopalakrishnan retired from BYD this year after spending more than two years there, setting up BYD's India business, launching three EVs, and establishing a dealership network.

Government records reviewed by Reuters show Reliance Infrastructure in June formed two new wholly-owned subsidiaries related to autos.

One is named Reliance EV Private Ltd, whose "main objective" is to "manufacture, deal, in vehicles of every description and components for transport and conveyance using any nature of fuel".

(Reporting by Aditi Shah
Editing by Mark Potter)

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** Shares of Anil Ambani's Reliance Group companies drop on Mon, extending losses to 9-11% in past two sessions

** Reliance Infrastructure RLIN.NS and Reliance Home Finance RLIC.NS erase all YTD gains

** Losses after Indian markets regulator SEBI late on Thurs banned Ambani, 24 others from securities market for 5 years on charges of funds diversion

** Ambani is reviewing order, his spokesperson said

** Reliance Infrastructure down 11.3% in two days

** Reliance Home Finance down 10% in two days

** Reliance Power RPOL.NS down 9.7% in two days, but is still up 40.6% for the year

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Anil Ambani's Reliance Group are down between 4%-9%

** India's markets regulator banned businessman Anil Ambani and 24 others from the securities market for five years due to diversion of funds

** The Reliance Group was created in July 2006 following a demerger from Reliance Industries Ltd RELI.NS , which is led by Anil's brother Mukesh Ambani

** India's SEBI says Anil Ambani orchestrated scheme to siphon off funds from public company

** Reliance Infrastructure RLIN.NS down nearly 9%, Reliance Home Finance RLIC.NS shed 5% and Reliance Power RPOL.NS drop 4%

(Reporting by Nishit Navin)

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Aug 2 (Reuters) - Life Insurance Corporation of India LIFI.NS:

• OTS PROPOSAL AGREED BETWEEN CO, LIC

• OTS SETTLEMENT OF ENTIRE OBLIGATIONS TO NCD ISSUED BY CO OF 6 BILLION RUPEES

• TILL DUES ARE SETTLED ALL LEGAL PROCEEDINGS BETWEEN COS WILL BE IN ABEYANCE

Source text for Eikon: ID:nBSE7CTM3Y

Further company coverage: LIFI.NS

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June 20 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RELIANCE INFRASTRUCTURE LTD - COMMON ADJUDICATION ORDER PASSED AGAINST SEVERAL COMPANIES ACROSS INDUSTRY

• RELIANCE INFRASTRUCTURE LTD - PENALTY OF 10 MILLION RUPEES IS LEVIED ON CO

Source text for Eikon: ID:nNSE5DWb6k

Further company coverage: RLIN.NS

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** Shares of Reliance Infrastructure RLIN.NS up 3.3% at 204.25 rupees

** Engineering and construction firm said National Company Law Tribunal (NCLT) disposed off bankruptcy petitions against its Mumbai Metro One JV by SBI SBI.NS and IDBI Bank IDBI.NS

** Reliance Infra on track to snap 4-day losing streak in which it shed ~34%

** Stock now down 2.7% YTD after three years of gains

** Trading volume on the day is 1.4x its 30-day moving avg

(Reporting by Kashish Tandon in Bengaluru)

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

• RELIANCE INFRASTRUCTURE LTD- SUPREME COURT HAS ALLOWED CURATIVE PETITION FILED BY DELHI METRO RAIL CORPORATION AGAINST DELHI AIRPORT METRO EXPRESS

• RELIANCE INFRASTRUCTURE LTD- ORDER DOES NOT IMPOSE ANY LIABILITY ON COMPANY AND CO HAS NOT RECEIVED ANY MONEY FROM DMRC

Source text for Eikon: ID:nBSE7CqsNs

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Corrects third bullet to say Friday, not Saturday

** Shares of Reliance Infrastructure RLIN.NS rise as much as 10.5% to 262.5 rupees, last up 9.5%

** Stock of engineering and construction co hits highest level since February 1, 2019

** RLIN said on Friday, that co along with Reliance Power signed a settlement agreement with ICICI Bank ICBK.NS

** Entire obligation in terms of borrowings of Reliance Power with ICICI Bank settled; any potential obligation of co with respect to corporate guarantee extinguished - RLIN said in an exchange filing

** More than 15.5 mln shares change hands; most active trading session since July 21, 2023

** RLIN has gained for three consecutive years since 2021

(Reporting by Anisha Ajith in Bengaluru)

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Feb 9 (Reuters) - Reliance Infrastructure Ltd RLIN.NS:

• RELIANCE INFRASTRUCTURE DEC-QUARTER CONSOL NET LOSS 4.21 BILLION RUPEES VERSUS LOSS 2.67 BILLION RUPEES

• RELIANCE INFRASTRUCTURE DEC-QUARTER CONSOL INCOME FROM OPERATIONS 46.57 BILLION RUPEES VERSUS 41.11 BILLION RUPEES

Source text for Eikon: ID:nBSE9CGlpj

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** Shares of Indian Energy Exchange Ltd IIAN.NS down 6.8% at 137.25 rupees, extending losses to over 16% in the last two sessions

** Stock of the power exchange fell 10.3% on Wednesday, logged its worst day since March 2020

** Reuters could not immediately verify a reason for stock movement

** IIAN's 2-day loss its worst since early June, when India's power ministry decided to go ahead with market coupling where all exchanges will follow uniform clearing price for electricity

** More than 44 mln shares traded, 2.3x 30-day avg volume

** Nine analysts covering IIAN rate it "sell" on avg; median PT is 132.5 rupees - LSEG data

** Stock rose 20% in 2023, its smallest YTD gain since 2018

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Indian Energy Exchange (IEX) IIAN.NS up 4.3% to 168.5 rupees, highest since mid-Aug, 2022

** Reuters could not immediately ascertain the reason for the move

** More than 69.4 mln shares change hands so far, most active session since June 9

** Mean rating of nine analysts is "sell"; median PT is 127.5 rupees, 24.3% lower than current price - LSEG data

** IEX only stock among major peers NTPC NTPC.NS, Power Grid Corp PGRD.NS, Tata Power TTPW.NS, and CESC CESC.NS with avg "sell" rating

** Stock's roughly 20% climb in 2023 outpaced by peers NTPC, PGRD, TTPW, CESC

(Reporting by Varun Vyas in Bengaluru)

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

• INDIA'S RELIANCE INFRASTRUCTURE LTD SEPT-QUARTER CONSOL NET LOSS 2.94 BILLION RUPEES VERSUS LOSS 1.62 BILLION RUPEES

• RELIANCE INFRASTRUCTURE LTD SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 71.37 BILLION RUPEES VERSUS 62.29 BILLION RUPEES

Source text for Eikon: ID:nBSE45TJ3N

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** Shares of Indian Energy Exchange IIAN.NS up as much as 3.5% to 141.9 rupees, their highest level since June 8

** Stock on track for seventh consecutive session of gains, if trends hold

** IEX in an exchange filing said it achieved 8,469 mln units total electricity volume in August 2023, up 21% YoY

** The day ahead market volume in August rose 7.3% YoY to 3,810 million units

** Real time market volume grew 21% YoY to 2,738 mln units, while market clearing price was 6.89 rupees per unit during the month, up 33% from a year earlier

** More than 12 mln shares change hands by 9:44 a.m. IST, 1.3x 30-day avg of over 8 mln shares

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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