Latest news with #RelianceInfrastructureLtd
Economic Times
26-05-2025
- 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.
Business Upturn
23-05-2025
- Business
- Business Upturn
Reliance Power share price surges 13% today
By Aditya Bhagchandani Published on May 23, 2025, 12:09 IST Shares of Reliance Power Ltd. surged over 12% on Friday, May 23, to trade at ₹50.34, marking one of the day's top gainers on the NSE. The rally comes just a day after a marginal 1% gain on Thursday, driven by significant corporate developments and investor buzz. The stock hit an intraday high of ₹50.20, climbing from a previous close of ₹44.59. With this sharp move, Reliance Power's market capitalization soared to ₹206.37 billion. Reliance Power, led by Anil Ambani, made headlines on Thursday after executing a preferential allotment of 1.33 crore fully paid-up equity shares worth ₹43.89 crore. The shares were issued at ₹33 each, a 26% discount to Tuesday's closing price of ₹44.73. 33 lakh shares were allotted to Reliance Infrastructure Ltd. 1 crore shares went to Basera Home Finance Pvt. Ltd. The discounted allotment, carried out under SEBI's ICDR norms, was part of warrant conversion exercised by the two entities. Green Energy Deal in Bhutan Adding to the investor optimism, Reliance Power also entered into a landmark renewable energy partnership in Bhutan, signaling expansion in the clean energy space. This aligns with the company's long-term strategic pivot towards sustainable power solutions. Stock Performance Snapshot Metric Value Current Price ₹50.34 Market Cap ₹206.37B P/E Ratio 7.17 Day Range ₹44.40 – ₹50.20 52-Week Range ₹23.30 – ₹53.64 Avg Volume 47.11M Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
The Hindu
22-05-2025
- Business
- The Hindu
Reliance Defence ties up with Rheinmetall AG for production of ammunition
Reliance Infrastructure Ltd. promoted Reliance Defence Ltd. and Düsseldorf-based Rheinmetall AG have agreed on a tie up in the field of ammunition. 'An agreement to this effect has now been signed by the representatives of both companies,' Reliance Infrastructure said in a statement. This marks the third major alliance for Reliance Defence, following its alliances with Dassault Aviation and the Thales Group of France, it said. The collaboration between the companies will include supply of explosives and propellants for medium and large calibre ammunition to Rheinmetall by Reliance. Further, the two companies plan to engage in joint marketing activities for selected products and are aiming to further extend their cooperation based on future needs. To support this collaboration, Reliance Defence Ltd. will set up a greenfield manufacturing facility in the Watad Industrial Area, of Ratnagiri, Maharashtra. The manufacturing facility, one of the largest in South Asia, will have an annual capacity to produce up to 2,00,000 artillery shells, 10,000 tonne of explosives and 2,000 tonne of propellants. Anil D. Ambani, Founder and Chairman, Reliance Group said 'This strategic partnership brings cutting-edge capabilities to India, marking a transformational moment for country's private defence manufacturing sector.' lThis project marks a major step in the Reliance Group's long-term strategy to invest in the fast-growing defence manufacturing sector, he added. Reliance Defence Ltd. recently announced plans to set up an integrated project for the manufacturing of explosives, ammunition and small arms at the Dhirubhai Ambani Defence City (DADC). The DADC is being built in the Watad industrial area in Ratnagiri, Maharashtra, and once completed will be the largest greenfield project in the defence sector ever developed by any private company in India.
Business Standard
06-05-2025
- Business
- Business Standard
Bank of Baroda leads losers in 'A' group
Sonata Software Ltd, Reliance Infrastructure Ltd, Vedant Fashions Ltd and Indian Hotels Co Ltd are among the other losers in the BSE's 'A' group today, 06 May 2025. Sonata Software Ltd, Reliance Infrastructure Ltd, Vedant Fashions Ltd and Indian Hotels Co Ltd are among the other losers in the BSE's 'A' group today, 06 May 2025. Bank of Baroda lost 9.57% to Rs 225.4 at 14:47 stock was the biggest loser in the BSE's 'A' the BSE, 9.46 lakh shares were traded on the counter so far as against the average daily volumes of 6.17 lakh shares in the past one month. Sonata Software Ltd crashed 7.07% to Rs 392.6. The stock was the second biggest loser in 'A' the BSE, 14.65 lakh shares were traded on the counter so far as against the average daily volumes of 7.03 lakh shares in the past one month. Reliance Infrastructure Ltd tumbled 6.93% to Rs 238.55. The stock was the third biggest loser in 'A' the BSE, 3.72 lakh shares were traded on the counter so far as against the average daily volumes of 4.99 lakh shares in the past one month. Vedant Fashions Ltd pared 6.76% to Rs 736.7. The stock was the fourth biggest loser in 'A' the BSE, 23732 shares were traded on the counter so far as against the average daily volumes of 12315 shares in the past one month. Indian Hotels Co Ltd slipped 6.40% to Rs 750.5. The stock was the fifth biggest loser in 'A' the BSE, 3.57 lakh shares were traded on the counter so far as against the average daily volumes of 91434 shares in the past one month.
