Reliance Infrastructure Ltd (RELINFRA)

Kedia Securities Acquires 1.01% Stake in Reliance Infra - 23 Apr, 2024

Vijay Kedia's company, Kedia Securities, has acquired a 1.01% stake in Reliance Infrastructure Ltd for the January to March 2024 quarter. However, LIC of India has booked profit and doesn't feature on the list of public shareholders. The stock price has corrected by 30% in the last month.

Reliance Infra Stock Jumps After Ace Investor Buys Stake - 22 Apr, 2024

Reliance Infrastructure's stock jumped by 3% after an ace investor bought a 1.01% stake in the company. Meanwhile, the Maharashtra government has initiated talks to acquire Mumbai Metro Line 1 from RInfra.

Reliance Infra Stock Plummets After SC Ruling - 19 Apr, 2024

Shares of Reliance Infrastructure have fallen by 24.32% in the past month after the Supreme Court overturned its prior ruling that compelled DMRC to pay an arbitration award of around Rs 8,000 crore to DAMEPL. The counter has been placed under short-term ASM framework by BSE and NSE.

Reliance Infra Stock Drops After SC Reverses Arbitration Dispute Verdict - 17 Apr, 2024

The stock of Reliance Infrastructure Ltd has dropped by over 30% in two days after the Supreme Court reversed its earlier verdict on an arbitration dispute with Delhi Metro Corporation. This is likely to impact the implementation of the arbitral award and receipt of the first few payments.

Debt Settlement Paves Way for Reliance Infra's Stake Sale in MMOPL - 16 Apr, 2024

Reliance Infrastructure has settled its debt with SBI and IDBI Bank, enabling the Maharashtra government to acquire its stake in Mumbai Metro One Pvt. Ltd. The National Company Law Tribunal (NCLT) has disposed of corporate insolvency proceedings against MMOPL following a one-time debt settlement agreement between lenders and the company.

Reliance Infra Debt Settlement Resolves NCLT Petitions - 15 Apr, 2024

Reliance Infrastructure resolves its debt issues with a one-time settlement, leading to the disposal of Section 7 petitions filed by SBI and IDBI Bank. High-frequency trading activity noted on April 12.

Reliance Infra Shares Continue Downward Trend After SC Ruling - 12 Apr, 2024

Shares of Reliance Infrastructure Ltd have fallen 35.98% in two trading days following a Supreme Court ruling that overturned its prior decision compelling DMRC to pay an arbitration award of around Rs 8,000 crore to Reliance Infras subsidiary, DAMEPL. The company has said it faces no liability from the ruling.

Supreme Court Ruling Impacts Reliance Infra Stock - 11 Apr, 2024

The Supreme Court's decision to overturn a Rs 8,000 crore arbitral award in favour of Delhi Airport Metro Express Pvt Ltd has resulted in Reliance Infrastructure being asked to refund nearly Rs 3,300 crore to Delhi Metro Rail Corporation. The company is also facing cash flow issues and undergoing debt restructuring. Shares of the company dropped 20% following the ruling.

SC Sets Aside Arbitral Award Against Reliance Infra Subsidiary - 10 Apr, 2024

The Supreme Court has set aside an arbitral award of over Rs 8,000 crore in favour of Reliance Infrastructure's subsidiary DAMEPL against DMRC. The court asked Delhi Airport Metro to refund the funds paid to the company previously. Shares of Reliance Infrastructure tanked 20% after the ruling.

TPDDL and BSES Rajdhani fully geared to provide uninterrupted power supply - 08 Apr, 2024

Both TPDDL and BSES Rajdhani have stated that they are fully prepared to provide uninterrupted power supply in Delhi. TPDDL is using advanced techniques like Bilateral Agreements, Reserve Shutdown, Power Exchange, and load-forecasting statistical and modelling techniques to forecast the power demand with greater accuracy. The company's Battery Energy Storage Systems (BESS) at Rohini and Rani Bagh will also support providing continuous and reliable power to key customers during any exigency in the summer months.

Reliance Infrastructure Extends Payment Term for Obligations - 01 Apr, 2024

Reliance Infrastructure has made a partial payment of its obligations to JC Flowers Asset Reconstruction Private Limited and extended the term of payment for the balance obligations.