Latest news with #RelianceInfrastructure
Time of India
a day ago
- Business
- Time of India
Reliance Power, Reliance Infrastructure to raise Rs 9,000 crore each
Representative image Reliance Infrastructure and Reliance Power on Wednesday said their boards have approved raising up to Rs 9,000 crore each through various financial instruments. The companies will look to raise up to Rs 6,000 crore each issuing equity or linked instruments "by way of QIP or follow-on public offer", separate filings said. Further, the companies' boards gave their go-ahead to the issuance of debentures up to Rs 3,000 crore each. The issue of the above securities is subject to requisite permissions, sanctions and approvals and according to the applicable provisions of law. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
2 days ago
- Business
- Business Standard
Anil Ambani's Reliance Infra, Power to raise ₹9,000 cr each via QIP, NCDs
Reliance Infrastructure and subsidiary Reliance Power will raise Rs 9,000 crore each via equity and debt routes, as board approvals clear fresh capital infusion Mumbai The board of directors at Anil Ambani-promoted Reliance Infrastructure approved raising funds of Rs 9,000 crore on Wednesday. Of this, the company will raise Rs 6,000 crore through the issuance of equity shares and/or equity-linked instruments or other eligible securities to qualified institutional buyers by way of a Qualified Institutions Placement (QIP), follow-on public offer (FPO), or a combination thereof. Meanwhile, the company will issue secured or unsecured, redeemable, non-convertible debentures (NCDs) of up to Rs 3,000 crore, in one or more tranches or series, on a private placement basis or otherwise. The issue of the above securities shall be subject to requisite permissions, sanctions and approvals, and as per the applicable provisions of law. Like Reliance Infrastructure, Reliance Power will raise Rs 6,000 crore through the issuance of equity shares and/or equity-linked instruments or other eligible securities to qualified institutional buyers by way of a QIP, FPO, or a combination thereof. Reliance Power will issue secured or unsecured, redeemable, non-convertible debentures of up to Rs 3,000 crore, in one or more tranches or series, on a private placement basis or otherwise, the company informed the stock exchanges on Wednesday. Recently, Reliance Infrastructure's 'default' credit rating was removed after six years, as ratings firm India Ratings and Research (Ind-Ra) upgraded the company's credit rating on its existing non-fund-based working capital limits from 'IND D' to 'IND B / Stable'. Additionally, on Wednesday, Reliance Infrastructure's shares listed on the Bombay Stock Exchange (BSE) closed at Rs 400.35 per equity share, while those of Reliance Power closed at Rs 66.06 per equity share.
Economic Times
2 days ago
- Business
- Economic Times
Reliance Infra board approves Rs 6,000 crore fundraising plan via QIP
Reliance Infrastructure and Reliance Power boards approved plans to raise Rs 6,000 crore each via QIP or other modes. Both firms also cleared NCD issues worth Rs 3,000 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The board of Reliance Infrastructure on Wednesday approved a Rs 6,000 crore fundraising plan through the Qualified Institutional Placement (QIP) and other modes. The Anil Ambani-promoted company plans to raise funds through the issuance of equity shares or equity linked instruments to qualified institutional buyers (QIBs).The company informed about the development via filing to the exchanges. The decision was taken in a meeting held today after market company's board also approved issuance of secured/unsecured, redeemable, non-convertible debentures up to Rs 3,000 crore, in one or more tranches, on a private placement basis or from Reliance Infra, the board of Reliance Power also approved a Rs 6,000 crore worth fundraising plan via the QIP or follow on public offer modes. The latter's board also approved issuance of secured/unsecured, redeemable, non-convertible debentures up to Rs 3,000 crore, in one or more tranches, on a private placement basis or of Reliance Infra have been multibagger, rallying 106% over the past one year. It has significantly outperformed headline indices BSE Sensex and Nifty whose returns in the same period stand at 2.5% and 2.4%, respectively. In 2025, so far, the stock has yielded 25%.Reliance Infrastructure shares today ended the session at Rs 400.35 on the BSE, gaining by Rs 13.05 or 3.4%.Reliance Power shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 349.4 and Rs 289.4, respectively according to Trendlyne data. But the rally has not come without its share of volatility as the stock has traded at a high beta of Infra reported a consolidated net profit of Rs 4,387 crore in the quarter ended March 31, 2025. The company had reported a loss of Rs 221 crore in the quarter ended on March 31, profit after tax for 2024-25 stood at Rs 4,938 crore, compared to a loss of Rs 1,609 crore in the previous financial from operations declined 12% to Rs 4,108.01 crore in the quarter to March. The company had reported Rs 4,685.96 crore in income from operations during the year-ago the full 2024-25, the company recorded consolidated operating income of Rs 23,592 crore, a 7% year-on-year increase from Rs 22,067 crore in 2023-24.
Time of India
2 days ago
- Business
- Time of India
Reliance Infra board approves Rs 6,000 crore fundraising plan via QIP
The board of Reliance Infrastructure on Wednesday approved a Rs 6,000 crore fundraising plan through the Qualified Institutional Placement (QIP) and other modes. The Anil Ambani-promoted company plans to raise funds through the issuance of equity shares or equity linked instruments to qualified institutional buyers (QIBs). The company informed about the development via filing to the exchanges. The decision was taken in a meeting held today after market hours. Explore courses from Top Institutes in Select a Course Category CXO Product Management Management Digital Marketing Artificial Intelligence Others Operations Management Finance Data Science MCA Leadership Technology Cybersecurity Project Management PGDM Design Thinking Public Policy Data Science others Degree MBA Data Analytics Healthcare healthcare Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo The company's board also approved issuance of secured/unsecured, redeemable, non-convertible debentures up to Rs 3,000 crore, in one or more tranches, on a private placement basis or otherwise. Apart from Reliance Infra, the board of Reliance Power also approved a Rs 6,000 crore worth fundraising plan via the QIP or follow on public offer modes. The latter's board also approved issuance of secured/unsecured, redeemable, non-convertible debentures up to Rs 3,000 crore, in one or more tranches, on a private placement basis or otherwise. Shares of Reliance Infra have been multibagger, rallying 106% over the past one year. It has significantly outperformed headline indices BSE Sensex and Nifty whose returns in the same period stand at 2.5% and 2.4%, respectively. In 2025, so far, the stock has yielded 25%. Live Events Reliance Infrastructure shares today ended the session at Rs 400.35 on the BSE, gaining by Rs 13.05 or 3.4%. Reliance Power shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 349.4 and Rs 289.4, respectively according to Trendlyne data. But the rally has not come without its share of volatility as the stock has traded at a high beta of 1.6. Reliance Infra reported a consolidated net profit of Rs 4,387 crore in the quarter ended March 31, 2025. The company had reported a loss of Rs 221 crore in the quarter ended on March 31, 2024. Consolidated profit after tax for 2024-25 stood at Rs 4,938 crore, compared to a loss of Rs 1,609 crore in the previous financial year. Income from operations declined 12% to Rs 4,108.01 crore in the quarter to March. The company had reported Rs 4,685.96 crore in income from operations during the year-ago period. For the full 2024-25, the company recorded consolidated operating income of Rs 23,592 crore, a 7% year-on-year increase from Rs 22,067 crore in 2023-24.
Time of India
3 days ago
- Business
- Time of India
Reliance Infrastructure stock rally: Shares of Anil Ambani-led company see 101% returns in 12 months; what's driving the move?
Reliance Infra stock currently trades near a critical resistance level, with technical experts suggesting potential upside to Rs 500. (AI image) Reliance Infrastructure share price: Anil Ambani-led Reliance Infrastructure's stock has surged impressively by 101% in the last 12 months, driven by significant debt reduction, a substantial three-level improvement in credit rating, and positive developments in the infrastructure industry. The stock currently trades near a critical resistance level, with technical experts suggesting potential upside to Rs 500, contingent on sustained momentum and positive catalysts, according to an ET report. As the company prepares for a significant board meeting this week focusing on capital raising, investors are evaluating whether the current rally can maintain its run. Is Reliance Infrastructure share price rally sustainable? According to the ET report, market observers highlight positive technical indicators and strengthening business metrics, whilst cautioning about increased market fluctuations and key resistance points that could influence investor sentiment in the immediate future. The share price maintains positive returns of 4.7% weekly, 53.3% quarterly, 42% half-yearly, and 22.5% since the year began. Technical analysis shows the stock maintaining positions above all significant simple moving averages, spanning from 5-day to 200-day periods, indicating positive trends across various timeframes. The RSI measurement of 57.3 suggests balanced market conditions, whilst the MACD indicator remains positive despite being under the signal line. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dementia Has Been Linked To a Common Habit. Do You Do It? Memory Health Learn More Undo According to Ajit Mishra, SVP Research at Religare Broking, Reliance Infrastructure demonstrates robust positive movement, maintaining levels above crucial moving averages without showing signs of weakness. He noted that "elevated volumes on up-days suggest sustained buying interest and healthy participation." The stock's immediate support lies between Rs 365-380, with resistance near Rs 400, Mishra was quoted as saying. He suggests that crossing above Rs 400 could trigger a movement towards Rs 420-425. His advice to short-term traders is to await either a confirmed breakthrough or a substantial retreat to support levels. INVasset PMS's Fund Manager and Partner, Anirudh Garg, anticipates more significant price movements. "On the upside, Rs 415–Rs 420 is an immediate resistance zone—the stock attempted to break out here recently but saw rejection, marking it as a short-term ceiling. Sustained move above Rs 420 could open gates toward Rs 500," he was quoted as saying. Regarding downside risks, Garg noted, "on the downside, Rs 325–Rs 340 serves as strong support, aligned with previous breakout levels and volume clusters. A breach below that could trigger deeper retracement. The broader range remains Rs 340–Rs 420 unless either side is taken out with strong volume." Credit Rating Enhancement and Financial Recovery India Ratings & Research elevated Reliance Infrastructure's credit standing from 'IND D' to 'IND B/Stable/IND A4' last week, signalling a substantial improvement in investor confidence. This three-level advancement ended the company's six-year period in the default category. The official exchange filing said, "This upgrade represents a significant improvement of three notches in the Company's credit profile, achieved after six years at the IND D rating level. The upgrade also reflects the Company's substantial deleveraging efforts, resulting in net zero debt with banks and financial institutions." Garg described the rating improvement as a "major fundamental shift," attributing it to the company's virtually debt-free standalone position and enhanced debt servicing capabilities. Reliance Infra achieved a legal victory earlier this year when NCLAT halted insolvency proceedings initiated by IDBI Trusteeship Services. The tribunal accepted evidence of complete repayment of Rs 92.68 crore to Dhursar Solar Power Pvt Ltd, resolving a significant legal challenge. The organisation's strategic expansion includes securing a Rs 5,000 crore defence contract for comprehensive aircraft upgrades, establishing itself as India's first private enterprise to independently manage such an initiative. The implementation period is projected to be 7-10 years. The company's Q4 FY25 performance bolstered market confidence. Reliance Infrastructure eliminated standalone bank debt following a Rs 3,300 crore reduction during the period. The consolidated profits reached Rs 4,387 crore, recovering from a Rs 3,298 crore deficit in the previous quarter. Adjusted EBITDA increased by 681% to Rs 8,876 crore, whilst net worth grew 44% quarter-on-quarter to Rs 14,287 crore by March 31, 2025. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
