Reliance Infrastructure

Reliance Infrastructure
Public company
Traded as BSE: 500390
NSE: RELINFRA
Industry Utilities (energy)
Founded 2002
Headquarters Mumbai, India
Key people
 Anil Ambani
(Chairman)
Products electrical power
natural gas
Services Electricity generation and distribution
natural gas exploration, production, transportation and distribution
Revenue Increase ₹179.06 billion (US$2.8 billion) (2012)[1]
Increase ₹20 billion (US$310 million) (2012)[1]
Total assets Increase ₹340.18 billion (US$5.3 billion) (2011)[2]
Number of employees
 8,988 (2011)[1]
Parent Reliance Anil Dhirubhai Ambani Group
Website www.rinfra.com

Reliance Infrastructure (formerly Reliance Energy and Bombay Suburban Electric Supply), is an Indian private sector enterprise power utility and construction company.[3] It is part of the Reliance Anil Dhirubhai Ambani Group. The company is headed by Anil Ambani. The corporate headquarters is in Mumbai.[2] Reliance Infrastructure interests in Power Plants, Metro Rail, Airports, Bridges, Toll roads, Defence. It is major share holder in another group company Reliance Power

History

Reliance Energy came into existence when it took over Bombay Suburban Electric Supply (BSES) in 2002. In April 2008, Reliance Energy changed its name to Reliance Infrastructure.[4][5]

Metro Rail

Azad Nagar Station, Mumbai Under Construction

Mumbai Metro

Mumbai Metro - I The landmark project is one of the first steps in restructuring Mumbai.[6] Phase I will be implemented on a Build-Operate-Transfer basis for 35 years. The phase includes construction of three metro lines. A consortium led by RInfra along with Veolia Transport Co. with Mumbai Metropolitan Region Development Authority (MMRDA); Mumbai Metro One Pvt Ltd secured the contract for the ₹23.56 billion (US$370 million) Versova-Andheri-Ghatkopar corridor was built by Mumbai Metro – I consortium and ₹110 billion (US$1.7 billion) Charkop – Bandra – Mankhurd will be built as Mumbai Metro II consortium.[7] Mumbai Metro I is operational[8]

Mumbai Metro - II The 32-km corridor Mumbai Metro- II, conceived as a fully elevated project with 27 stations, will link Navi Mumbai and the western suburbs with Charkop in the north to Bandra and then to Mankhurd in the East.[9]

Bridges

Reliance Infrastructure and Hyundai Engineering, formed a joint venture to build the Worli-Haji Ali part of the Western Freeway.[10][11] The consortium was also to toll the Bandra Worli Sea Link for 40 years.[12] In early 2012, the Municipal Corporation of Greater Mumbai proposed constructing a 35 km coastal road between Nariman Point and Kandivali.[13]

Reliance protested against this project as it claimed it would incur losses.[14] Subsequently, the Government of Maharashtra appointed a committee to look into the matter.[15] Later, it was reported that the MSRDC was likely to scrap the deal with Reliance due to the latter not having started construction two years after signing the agreement.[16] Afterwards, it was announced that the deal was scrapped as the mediation report stated that it was impossible to build.[17]

Toll roads

Reliance Infrastructure entered the road building industry in 2006 with two National Highway projects in Tamil Nadu. The first was Namakkal to Karur and the second Dindigul to Samynellore, both on National Highway 44 (formerly National Highway 7).[18] In 2011, it was announced that the company was planning to buy out licences to build road projects from companies unable to do so.[19]

Reliance Infra is constructing 1000 km of highway and expressway projects worth ₹120 billion (US$1.9 billion) in India. The company is largest concessionaire to NHAI with 11 projects.The company is also bidding for 500 km of projects in India. There are five projects in Tamil Nadu out of which three are operational.[20] All the projects are on Build–operate–transfer mode of funding. The other projects include:

Toll Plaza on NK Toll Road

Dadri & Sasan Power Project

Reliance Infrastructure is constructing a 5600 MW gas based Thermal Power Plant in the district of Dadri in the northern state of Uttar Pradesh. It is planned to be the single largest grassroot gas-fired generation plant in the world and solve much of the power supply shortages of northern India. The ADAG group was earlier in a bitter fight with Mukesh Ambani controlled Reliance Industries.[23] On 15 June 2009 the Mumbai High Court ruled in favour of Reliance Natural Gas Limited.

See also

References

  1. 1 2 3 "BSE 2010 Data". http://www.bseindia.com. Retrieved 13 July 2011. External link in |publisher= (help)
  2. 1 2 "Reliance Energy". Rel.co.in. Retrieved 2 September 2010.
  3. ↑ "Reliance Infrastructure – Ever seeking to expand spectrum. – Free Online Library". Thefreelibrary.com. 1 February 2010. Retrieved 2 September 2010.
  4. ↑ Chandran, Rina (28 April 2008). "India Reliance Energy is now Reliance Infrastructure". Reuters. Retrieved 2 September 2010.
  5. ↑ "Reliance Energy News". Reliance-energy-news.newslib.com. Retrieved 2 September 2010.
  6. ↑ "'Metro, Worli-Haji Ali sea link work on schedule' – Mumbai – DNA". Daily News and Analysis. 17 August 2010. Retrieved 2 September 2010.
  7. ↑ 4 Aug 2009, 05.56PM IST, ECONOMICTIMES.COM (4 August 2009). "Reliance Infra wins Rs 11,000-cr Mumbai Metro-II project – The Economic Times". The Economic Times. Retrieved 2 September 2010.
  8. ↑ 6 May, 2012DNA India. ""Mumbai's first metro may chug in 2013". DNA India". Retrieved 8 May 2012.
  9. ↑ "Reliance Infrastructure signs pact for $2.2-bn Mumbai Metro-II". Thaindian.com. 21 January 2010. Retrieved 2 September 2010.
  10. ↑ "Reliance Infrastructure to develop Worli to Haji Ali Sea Link". Indiainfoline.com. 29 June 2010. Retrieved 2 September 2010.
  11. ↑ 29 Jun 2010, 12.26AM IST, ET Bureau (29 June 2010). "Reliance Infrastructure to raise Rs 2,600 cr for Worli sea link project – The Economic Times". The Economic Times. Retrieved 2 September 2010.
  12. ↑ "MSRDC mulls options for sea link to Haji Ali". Mumbai. DNA. 22 May 2012. Retrieved 22 July 2012.
  13. ↑ "BMC panel moots 35.6 km coastal road". Daily News and Analysis. Mumbai. 18 January 2012. Retrieved 19 May 2012.
  14. ↑ Siddhaye, Ninad (7 January 2012). "Maharashtra takes steps to bridge sea link differences". Daily News and Analysis. Mumbai. Retrieved 19 May 2012.
  15. ↑ "Maharashtra appoints committee to decide on sea link project". Daily News and Analysis. Mumbai. 10 May 2012. Retrieved 19 May 2012.
  16. ↑ Shaikh, Zeeshan (15 June 2012). "MSRDC board likely to scrap R Infra’s contract for Worli-Haji Ali sea link". Hindustan Times. Mumbai. Retrieved 22 July 2012.
  17. ↑ Tembhekar, Chittaranjan (25 June 2012). "It's final: Sea link extension junked, coastal road likely". The Times of India. Mumbai. Retrieved 22 July 2012.
  18. ↑ "Reliance Energy, NHAI join hands to pave way for highway development". The Financial Express. New Delhi. 31 January 2006. Retrieved 14 April 2012.
  19. ↑ Naidu, Katya (17 August 2011). "R-Infra looks for business in troubled road projects". Business Standard. Mumbai. Retrieved 15 April 2012.
  20. ↑ ": Vision Media Group publisher of Power Insight bi-monthly magazine .:". Vision-media.co.in. Retrieved 25 October 2010.
  21. ↑ "RInfra announces commencement of Salem-Ulundurpet four- lane stretch". The Hindu. Salem. 2 August 2012. Retrieved 21 August 2012.
  22. ↑ "Highways Sector on Overdrive – NBM Media". Nbmcw.com. Retrieved 25 October 2010.
  23. ↑ 22 Jul 2008, 08.34PM IST, PTI (22 July 2008). "Hearing on dispute over Reliance gas adjourned till Wednesday – The Economic Times". The Economic Times. Retrieved 2 September 2010.
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