Latest news with #RelianceInfra
India.com
2 days ago
- Business
- India.com
From Defence to Green energy deals, how Anil Ambani is quietly reviving his Reliance Group with the help of...
Anil Ambani (File) Anil Ambani has not tasted the same level of professional success as his illustrious older sibling, Mukesh Ambani– Asia's richest man. But the junior Ambani has witnessed a recent turnaround of fortunes, and is quietly, yet steadily reviving his debt-ridden Reliance Group business empire with the help of his two sons, Jai Anmol Ambani and Jai Anshul Ambani. While other conglomerates have moved to sectors like AI and related areas, Anil Ambani has focused on two emerging sectors, green energy and defense, which are a key part of Indian government's Viksit Bharat 2047 vision. Ambani's focused vision has paid off as Reliance Power and Reliance Infrastructure, two of Reliance Group's last remaining profitable companies, are now completely debt-free and churning out profits after years of bankruptcy. Anil Ambani's focus on green energy, defense Reliance Power has several inked major deals this year, including its subsidiary, Reliance NU Energies, securing an allocation of 350 MW of solar generation capacity paired with a 175 MW/700 MWh battery storage system. Reliance NU Suntech, another Reliance Power subsidiary, has 25-year purchase agreement with the Solar Energy Corporation of India (SECI) to build Asia's largest integrated solar and battery storage project, at an investment of up to Rs 10,000 crore, The mega solar power project is aimed to build a 930 MW solar capacity paired with 465 MW/1860 MWh battery storage. Additionally, the Reliance Group has also acquired a Rs 2000 crore contract for a setting up a 500 MW solar project, and a 750 MW hydroelectric project in Bhutan in partnership with Druk Holding. In the defense sector, Reliance Defence, a subsidiary of Reliance Infrastructure, has partnered with German arms maker Rheinmetall AG to manufacture propellants and explosives in Maharashtra's Ratnagiri district. The two partners will set up a factory as part of the proposed 1,000-acre Dhirubhai Ambani Defence City. Earlier, Reliance Defence signed similar deals with French Dassault Aviation and Thales. In a recent statement, Anil Ambani revealed that his goal was to make Reliance Defence among India top three defence exporters. How Anil Ambani made Reliance Infra and Reliance Power debt-free? Last year, Anil Ambani raised Rs 17,600 crore to further reduce the debt burden of his companies. According to media reports, only two listed companies of Anil Ambani's Reliance Group, Reliance Infra and Reliance Power, have managed to become completely debt-free, while most of group's other firms still owe substantial amounts to creditors. Both Reliance Infra and Reliance Power, along with their subsidiaries, started repaying loans in September last year, and are now debt-free, as per reports. Anil Ambani began investing funds into both these companies in August 2024, and funds were raised through Foreign Convertible Currency Bonds (FCCB) and Preferential Issue. Together, Reliance Infra and Reliance Power issued a preferential equity issue worth Rs 4500 crore, apart from raising Rs 7100 crore from Varde Partners via FCCB. Additionally, the two firms also raised Rs 3000 crore each Qualified Institutional Placement (QIP). Anil Ambani's sons powering Reliance Group revival? The remarkable comeback story of Anil Ambani is powered by none other than his two sons, Jai Anmol Ambani, and his younger brother, Jai Anshul Ambani. The two brothers, who joined their father's business when everything was going downhill, have revived the Reliance Group with their sharp business acumen. Jai Anmol and Jai Anshul have taken up leadership roles within the indebted Reliance Group, and have helped the Anil Ambani-led company to secure new deals, and cut down the mammoth debt faced by many of the group's companies. Anil's elder son, Jai Anmol Ambani, attempted a revival of Reliance Capital, but despite his best efforts, could not save the debt-ridden firm from going bust and being taken over Hinduja Group's IndusInd International Holdings Ltd (IIHL), while Jai Anshul Ambani, Anmol's younger sibling is assisting the Reliance Group in two new ventures, Reliance Nippon Life Insurance, and Reliance Capital Asset Management. Notably, both Anil Ambani and his son Jai Anmol have recently stepped from management of Reliance Power and Reliance Power, and even sought declassification as promoter shareholders, though company filing still contain their names.
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Business Standard
3 days ago
- Business
- Business Standard
Anil Ambani Reliance Group stock nears 52-week high; soars 48% in 3 weeks
Reliance Infrastructure share price today Share price of Reliance Infrastructure has moved higher by 11 per cent to ₹347.65 on the BSE in Friday's intra-day trade amid heavy volumes in otherwise a subdued market. The stock price of Anil Ambani Reliance Group Company is trading close to its 52-week high level of ₹350.90 touched on September 24, 2024. In the past three weeks, the stock price of Reliance Infrastructure has zoomed 48 per cent. It bounced back 75 per cent from its March 2025 low of ₹198.20 on the BSE. At 02:36 PM, Reliance Infrastructure was quoting 7 per cent higher at ₹336.20, as compared to a 0.2 per cent decline in the BSE Sensex. The average trading volumes on the counter nearly doubled, with a combined nearly 26 million equity shares having changed hands on the NSE and BSE. Reasons behind Reliance Infra stock rally Reliance Infrastructure posted a consolidated profit after tax (PAT) of ₹4,387 crore in the January to March 2025 quarter (Q4FY25), against a loss of ₹ 3,298 crore in the year-ago quarter. Adjusted earnings before interest, tax, depreciation, and amortisation (Ebitda) rose to ₹8,876 crore in Q4, a 681 per cent increase on a quarter-on-quarter (Q-o-Q) basis. For the full year FY25, the infrastructure and power major reported a consolidated PAT of ₹4,938 crore, against a loss of ₹1,609 crore in FY24. Full-year consolidated Ebitda (excluding exceptional items) more than doubled to ₹12,288 crore, from ₹4,842 crore in FY24, and operating income rose 7 per cent year-on-year (Y-o-Y) to ₹23,592 crore. Reliance Infrastructure's consolidated net worth rose by ₹5,859 crore year-on-year, to ₹14,287 crore as of March 31, 2025, up 70 per cent from ₹8,428 crore as on March 31, 2024. The company said standalone net debt from banks and financial institutions is 'zero' as on March 31, 2025. Its consolidated external net debt-to-equity ratio dropped sharply to 0.28x, from 0.78x a year earlier. Reliance Infra's strategic partnerships Meanwhile, on May 22, 2025, Reliance Infrastructure promoted Reliance Defence, and Düsseldorf-based Rheinmetall AG agreed on a strategic partnership in the field of ammunition. This marks the third major partnership for Reliance Defence, following its successful strategic alliances with Dassault Aviation and the Thales Group of France. The collaboration between the companies will include the supply of explosives and propellants for medium & large calibre ammunition to Rheinmetall by Reliance. Furthermore, the two companies intend to engage in joint marketing activities for selected products and are aiming to further extend their cooperation based on future opportunities, Reliance Infrastructure said in its exchange filing. The strategic partnership will strengthen India's defence manufacturing capabilities, aligning with the Government of India's flagship 'Make in India' and 'Atmanirbhar Bharat' initiatives. It advances the vision of Hon'ble Prime Minister Shri Narendra Modi to position India among the world's leading defence exporters, the company said. Anil D. Ambani, Founder and Chairman, Reliance Group, said, 'Our objective is clear – to position Reliance Defence among the Top 3 Defence Exporters, enabling India to not only meet its domestic defence needs, but also emerge as a key player in the global defence supply chain. This project marks a major step in the Reliance Group's long-term strategy to invest in the fast-growing defence manufacturing sector.' About Reliance Infrastructure Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high-growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector. Reliance Infrastructure is a major player in providing Engineering and Construction (E&C) services for developing power, infrastructure, metro and road projects. Reliance Infrastructure, through its SPVs, has executed a portfolio of infrastructure projects such as a metro rail project in Mumbai on a build, own, operate and transfer (BOOT) basis and road projects on a build, operate and transfer (BOT) basis. Reliance Infrastructure is also a leading utility company with having presence in power distribution.
India.com
4 days ago
- Business
- India.com
Masterstroke by Anil Ambani as he invests Rs 17600000000 in..., Ambani raised these funds from...
Anil Ambani (File) Anil Ambani, the younger brother of Asia's richest man, Mukesh Ambani has witnessed a remarkable turnaround of fortunes of late, especially in the current financial year, with many of his Reliance Group companies now debt-free and making significant profits. Anil Ambani's sons Jai Anmol Ambani and Jai Anshul Ambani have set the Reliance Group on the path of revival, with the group's companies recently acquiring some major contracts, including Japanese firm Nippon making a substantial investment in Reliance Capital. The impact of the Nippon deal was quickly visible as the debts of several Reliance Group companies began to decrease, but the group is still facing a mountain of loans which it needs to settle in order to avoid bankruptcy. How Reliance Infra and Reliance Power became debt-free? Last year, Anil Ambani raised Rs 17,600 crore to further reduce the debt burden of his companies. According to media reports, only two listed companies of Anil Ambani's Reliance Group, Reliance Infra and Reliance Power, have managed to become completely debt-free, while most of group's other firms still owe substantial amounts to creditors. Both Reliance Infra and Reliance Power, along with their subsidiaries, started repaying loans in September last year, and are now debt-free, as per reports. Anil Ambani began investing funds into both these companies in August 2024, and funds were raised through Foreign Convertible Currency Bonds (FCCB) and Preferential Issue. How Anil Ambani raised Rs 17,600 crore? Together, Reliance Infra and Reliance Power issued a preferential equity issue worth Rs 4500 crore, apart from raising Rs 7100 crore from Varde Partners via FCCB. Additionally, the two firms also raised Rs 3000 crore each Qualified Institutional Placement (QIP). Thus, Anil Ambani revived Reliance Infra and Reliance Power by raising Rs 17,600 crore. Meanwhile, the combined market cap of Reliance Power and Reliance Infra reached Rs 33000 crore on Thursday, even as as shares of three Reliance Group companies witnessed a strong uptick last week. Recently, Reliance Group acquired a Rs 2000 crore contract for a setting up a solar project in Bhutan, while Reliance Defence– a subsidiary of Anil Ambani-led Reliance Infrastructure Limited– has signed a deal with German arms maker Rheinmetall AG to manufacture ammunition.
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Business Standard
7 days ago
- Business
- Business Standard
Reliance Infra Q4: Net profit rises to ₹4,387.08 cr, income down 12%
Reliance Infrastructure has posted a net profit of ₹4,387.08 crore in the fourth quarter of financial year 2024–25 (Q4 FY25). The conglomerate had reported a loss of ₹220 crore in the corresponding quarter of the previous financial year. However, the income from operations declined by 12 per cent to ₹4,108.01 crore in the quarter under review. It had reported ₹4,685.96 crore in income from operations in the same quarter last year. In Q4 FY25, the company's consolidated EBITDA, after adjusting for an exceptional income of ₹514 crore, stood at ₹8,876 crore. This marks a sharp increase of approximately 681 per cent quarter-on-quarter compared to ₹1,136 crore in Q3 FY25. Additionally, consolidated net worth increased by ₹5,859 crore to ₹14,287 crore as of 31 March 2025, from ₹8,428 crore as of 31 March 2024, representing a year-on-year growth of 70 per cent. For the full financial year FY25, the company recorded consolidated operating income of ₹23,592 crore, a 7 per cent year-on-year increase from ₹22,067 crore in FY24. The consolidated PAT for FY25 stood at ₹4,938 crore, compared to a loss of ₹1,609 crore in FY24. As of 31 March 2025, the company's standalone net debt from banks and financial institutions was zero, reflecting a reduction of approximately ₹3,300 crore in FY25. The consolidated external net debt-to-equity ratio also improved substantially to around 0.28 times as of 31 March 2025, down from approximately 0.78 times as of 31 March 2024. During Q4 FY25, Reliance Infra's Delhi discoms added over 44,549 new households, taking the total number of connected households to approximately 5.22 million. Transmission and distribution (T&D) losses in Delhi discoms fell below 7 per cent on a rolling basis, driven by enhanced operational efficiency. The Delhi discoms also successfully met a combined peak electricity demand of 3,623 MW during the quarter under review. Both BSES Delhi discoms received the highest 'A+' rating from REC Ltd in the Consumer Service Rating of Discoms (CSRD) for FY24. In Mumbai, the weekday ridership of Reliance Infra's Metro One reached the milestone of 500,000 riders in Q4 FY25, supported by an impressive train availability and punctuality rate of 99.99 per cent.
Economic Times
7 days ago
- Business
- Economic Times
Reliance Infra clears Rs 3,300 cr debt in FY25, standalone net debt to banks and FIs at 'zero'
Reliance Infrastructure Ltd, led by Anil Ambani, has achieved debt-free status on a standalone basis by FY25, eliminating bank and financial institution loans. The company reported a consolidated profit of Rs 4,387 crore in Q4 FY25, with adjusted EBITDA soaring by 681%. Operational improvements include reduced transmission losses in Delhi and increased ridership on Mumbai Metro Line 1. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Reliance Infra on operational front Over 44,500 new households were added by Delhi discoms in Q4. Transmission & Distribution (T&D) losses in Delhi fell below 7% due to operational gains. BSES Delhi discoms secured top 'A+' rating from REC for consumer service. Mumbai Metro Line 1 weekday ridership hit 500,000, with 99.99% punctuality. Anil Ambani-led Reliance Infrastructure achieved a major financial milestone by bringing its standalone net debt from banks and financial institutions down to zero, marking a significant reduction of approximately Rs 3,300 crore during FY25, the company said in an exchange filing. Reliance Infra posted a consolidated profit of Rs 4,387 crore in Q4 FY25. Adjusted EBITDA soared to Rs 8,876 crore in Q4, a 681% quarter-on-quarter the full year, the infrastructure and power major reported a consolidated PAT of Rs 4,938 crore, recovering from a loss of Rs 1,609 crore in FY24. Full-year consolidated EBITDA (excluding exceptional items) more than doubled to Rs 12,288 crore, and operating income rose 7% year-on-year to Rs 23,592 crore. Reliance Infrastructure 's consolidated net worth rose by Rs 5,859 crore year-on-year, reaching Rs 14,287 crore as of March 31, 2025, up 70% from Rs 8,428 crore a year consolidated external net debt-to-equity ratio dropped sharply to 0.28x, from 0.78x a year Infrastructure, which has a presence across power, metro, roads, and defense sectors, said the debt reduction reinforces its financial resilience and positions it for future growth across core infrastructure segments.
