Reliance Power and Infrastructure Shares Plunge Amid ED Probe into Alleged Rs 17,000 Crore Loan Fraud 1 day ago Yesterday
Shares of Reliance Power and Reliance Infrastructure fell sharply following news of the Enforcement Directorate (ED) summoning Anil Ambani for questioning in an alleged Rs 17,000-crore loan fraud case. Reliance Power shares dropped 4.16% to Rs 50.65, while Reliance Infrastructure fell nearly 5% to Rs 312.00. The ED investigation focuses on suspected diversion of loan funds and financial irregularities within the Reliance Group. SEBI's findings allege Rs 10,000 crore diversion by Reliance Infrastructure through transactions with CLE Pvt Ltd. Reliance Infrastructure's total financial exposure to CLE was reported at Rs 8,302 crore as of March 31, 2022, with write-offs of Rs 10,110 crore between FY17 and FY21. A source close to the Reliance Group disputes SEBI's findings, claiming lower exposure and ongoing recovery proceedings.
Reliance Infrastructure JV Receives ₹560.21 Crore from MMRDA in Supreme Court-Directed Payment 3 days ago
Reliance Group Unveils ₹18,000 Crore Expansion Plan for Defence and Renewable Energy Sectors 5 days ago
Reliance Group Unveils ₹18,000 Crore Expansion Plan for Defence and Renewable Energy Sectors 5 days ago
Reliance Infrastructure Clarifies ED Action Conclusion, Emphasizes No Business Impact 5 days ago
More news about Reliance Infrastructure
25Jul 25
Reliance Infrastructure Returns to Profitability in Q1, Reports Significant Growth
Reliance Infrastructure Limited (RInfra) has achieved a significant turnaround in Q1, returning to profitability with impressive growth across key metrics. The company's consolidated total income increased by 41% quarter-on-quarter to ₹6,036.00 crore, while EBITDA grew 29% year-on-year to ₹1,494.00 crore. RInfra reported a consolidated profit before tax of ₹287.00 crore, reversing a loss from the previous year. The company's net worth increased by 4% to ₹14,855.00 crore. Operational achievements include adding over 51,434 new households in Delhi Discoms, reducing T&D losses to below 6.5%, and achieving record Q1 fare revenue for Mumbai Metro One. RInfra also reported zero net debt to banks and financial institutions, and has established strategic partnerships in the defense sector.
25Jul 25
Reliance Infrastructure Posts Profitable Q1 with ₹287 Crore PBT, Consolidated Income Up 41% QoQ
Reliance Infrastructure Limited (RInfra) has reported a significant financial turnaround in Q1, returning to profitability. The company's consolidated total income increased by 41% quarter-on-quarter to ₹6,036.00 crore. Consolidated EBITDA grew 29% year-on-year to ₹1,494.00 crore. RInfra posted a net profit of ₹59.84 crore, compared to a loss in the same quarter last year. The company is now debt-free with a consolidated net worth of ₹14,855.00 crore. Operational highlights include reduced T&D losses in Delhi Discoms and record Q1 fare revenue for Mumbai Metro One. RInfra has also entered strategic partnerships in the defense sector.
25Jul 25
Reliance Infrastructure Shares Plummet 10% Amid ED Raids in Yes Bank Loan Fraud Investigation
Reliance Infrastructure (RInfra) shares fell 10% over two trading sessions, hitting the 5% lower circuit at Rs 342.05, following Enforcement Directorate raids related to a Rs 3,000 crore Yes Bank loan fraud investigation. The ED conducted raids on 40-50 premises linked to Anil Ambani, investigating suspected money laundering involving over 50 companies and 25 individuals. RInfra issued a statement clarifying that the enforcement actions do not impact its business operations or financial performance, emphasizing its separation from Reliance Communications Limited (RCOM) and Reliance Home Finance Limited (RHFL). The company stressed its focus on ongoing business plans in power, infrastructure, metro, and defense sectors.
24Jul 25
Reliance Infrastructure Clarifies No Impact from Enforcement Actions Against RCOM and RHFL
Reliance Infrastructure Limited (RInfra) has issued a clarification stating that recent enforcement agency actions have no impact on its operations, financial performance, or stakeholders. The company emphasized its status as a separate entity from Reliance Communications Limited (RCOM) and Reliance Home Finance Limited (RHFL), with no business or financial connections. RInfra noted that the reported allegations relate to decade-old transactions of RCOM or RHFL. The company continues to focus on its business plans in infrastructure development across power, roads, metro rail, and defense sectors.
24Jul 25
Reliance Infrastructure Clarifies No Impact from Enforcement Actions Against RCOM and RHFL
Reliance Infrastructure (RInfra) has issued a clarification stating that recent enforcement agency actions against Reliance Communications Limited (RCOM) and Reliance Home Finance Limited (RHFL) have no bearing on its business operations, financial performance, or stakeholders. RInfra emphasized its status as a separate, independent entity with no business or financial links to RCOM or RHFL. The company noted that the allegations concern decade-old transactions of RCOM and RHFL, which are undergoing separate resolution processes. RInfra continues to focus on its infrastructure projects across various sectors, including power, roads, metro rail, and defense.
18Jul 25
NCLAT Stays Insolvency Proceedings Against Reliance Infrastructure Following Rs 92.68 Crore Payment
The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Reliance Infrastructure (RInfra) following the company's repayment of Rs 92.68 crore towards tariff under an energy purchase agreement. This decision suspends the earlier order by the National Company Law Tribunal (NCLT) that had initiated corporate insolvency resolution process against RInfra. The case stemmed from a petition by IDBI Trusteeship alleging a default of Rs 88.68 crore plus interest. RInfra has stated that it has made full payment to Dhursar Solar Power Private Limited, addressing the core issue of the dispute. The NCLAT has scheduled a future hearing for further review of the case.
18Jul 25
NCLAT Halts Insolvency Proceedings Against Reliance Infrastructure
The National Company Law Appellate Tribunal (NCLAT) has suspended insolvency proceedings against Reliance Infrastructure (RInfra) in a dispute with IDBI Trusteeship. RInfra claims to have fully paid all dues, including interest, on an alleged default of approximately ₹90.00 crore. IDBI Trusteeship has been given time to reconcile payments. The next hearing is scheduled for August 27. This stay order provides RInfra temporary relief from potential insolvency consequences.
16Jul 25
Reliance Infrastructure Unveils Ambitious ₹9,000 Crore Fundraising Plan
Reliance Infrastructure Limited (RInfra) has approved a fundraising initiative of ₹9,000 crore. The plan includes raising ₹6,000 crore through equity issuance via QIP or follow-on public offer, and ₹3,000 crore through debenture issuance. The Board of Directors has approved seeking shareholder authorization for this initiative. The fundraising is subject to regulatory approvals and complies with SEBI regulations.
16Jul 25
Reliance Infrastructure Approves Rs 6,000 Crore Fundraising Plan and Expands Global Footprint
Reliance Infrastructure (RInfra) has approved a Rs 6,000 crore fundraising plan through QIP and other modes, along with plans to issue debentures up to Rs 3,000 crore. The company has also established a new wholly-owned subsidiary, SB Holding L.L.C-FZ, in Dubai, UAE, with an initial equity share capital of AED 10,000. The subsidiary will focus on general trading and project management services.
15Jul 25
Reliance Infrastructure Stock Soars 101% in a Year, Eyes Rs 500 Milestone
Reliance Infrastructure (RInfra) shares have surged 101% over the past 12 months due to significant debt reduction and credit rating upgrade. The company's board is set to discuss capital raising options. Technical analysts suggest potential for the stock to reach Rs 500.00 if it breaks above Rs 420.00. RInfra has achieved zero standalone net debt and secured a Rs 5,000.00 crore defense contract, indicating improved financial health and expanding business opportunities.
14Jul 25
Reliance Infrastructure's Credit Rating Soars, Shares Rally on NSE
India Ratings upgraded Reliance Infrastructure's credit rating from 'IND D' to 'IND B/Stable/IND A4' on non-fund-based working capital limits, removing its 'Default' classification after six years. The upgrade was driven by RInfra's substantial reduction in debt to near-zero levels with banks and financial institutions. In response, RInfra's shares rallied on the NSE, surging 3.70% to Rs 392.00.
12Jul 25
Reliance Infrastructure: Board to Consider Equity and Debt Fundraising
Reliance Infrastructure (RInfra) has announced a board meeting on July 16, 2025, to discuss and potentially approve various fundraising options. The board will consider issuing equity shares, equity-linked securities, and Non-Convertible Debentures (NCDs) through methods like Qualified Institutional Placement (QIP). This comes after a credit rating upgrade by India Ratings, improving RInfra's rating from 'IND D' to 'IND B / Stable / IND A4' on its non-fund-based working capital limits. The company has closed its trading window for Designated Persons from July 1, 2025, until 48 hours after the declaration of Q1 FY2026 results.
30Jun 25
Reliance Infrastructure's Defence Arm Partners with US Firm to Tap ₹20,000 Crore MRO Market
Reliance Infrastructure's subsidiary, Reliance Defence, has formed a strategic alliance with US-based Coastal Mechanics to tap into India's ₹20,000 crore defence maintenance, repair, and overhaul (MRO) market. The joint venture will be established at Nagpur's MIHAN, focusing on MRO services for defence platforms and upgrades for fighter aircraft and helicopters. This partnership aims to cater to both domestic and international defence needs, aligning with India's defence modernization efforts and the 'Make in India' initiative.
25Jun 25
Reliance Defence Secures ₹600 Crore Export Order from German Giant Rheinmetall
Reliance Infrastructure's subsidiary, Reliance Defence, has secured a ₹600 crore export deal with German defence manufacturer Rheinmetall. The contract involves the export of high-tech ammunition, to be executed at the upcoming Dhirubhai Ambani Defence City in Maharashtra. This deal marks a significant achievement for India's defence sector in the global market and enhances Reliance Defence's international standing.
23Jun 25
Reliance Infrastructure Subsidiary Settles Rs 273 Crore Debt with Yes Bank
JR Toll Road Private Ltd, a subsidiary of Reliance Infrastructure (RInfra), has fully settled its Rs 273 crore debt owed to Yes Bank. This settlement, including interest, was completed under an addendum to the existing agreement. As a result, RInfra is released from its corporate guarantor obligations related to this debt. This move is part of RInfra's ongoing efforts to strengthen its balance sheet and reduce overall debt exposure.
19Jun 25
Reliance Infrastructure Subsidiary Partners with Dassault for 'Made in India' Falcon Jets
Reliance Infrastructure's subsidiary, Reliance Aerostructure, has formed a partnership with French aerospace company Dassault Aviation. They will manufacture Dassault's Falcon 2000 business jets in Nagpur, India, with the first 'Made in India' jet expected by 2028. This marks Dassault's first Falcon assembly outside France. The facility is designed to support future assembly of other Dassault models like Falcon 6X and 8X.
18Jun 25
Reliance Infrastructure to Establish Falcon 2000 Jets Assembly Line in Nagpur
Reliance Infrastructure announces plans to establish a final assembly line for Falcon 2000 jets in Nagpur, Maharashtra. This move marks the company's entry into aerospace manufacturing, diversifying its portfolio beyond traditional infrastructure projects. The facility is expected to create jobs, develop skills in the aerospace sector, and boost the local economy. This aligns with India's 'Make in India' initiative in the defense and aerospace sectors.
Reliance Infrastructure's subsidiary, Reliance Aerostructure Limited, partners with Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first 'Made in India' Falcon 2000 expected by 2028. The company also allocates 1.25 crore shares worth ₹300.00 crore through an accelerated warrant conversion process. These developments have positively impacted the company's stock, with shares hitting the 5% upper circuit at Rs 386.00 on the BSE.
11Jun 25
Reliance Infrastructure Expands Defence Partnership with Diehl, Boosts 'Make in India' Initiative
Reliance Infrastructure has expanded its defence arm's strategic partnership with German firm Diehl Defence. The collaboration focuses on supplying 'System Vulcano 155mm Precision Guided Munition' for Indian Armed Forces, aiming to achieve over 50% local content under the 'Make in India' initiative. Reliance Defence will act as the prime contractor and plans to establish a dedicated manufacturing facility in Ratnagiri, Maharashtra.
11Jun 25
Reliance Defence Expands Partnership with Diehl for Precision Munitions Production
Reliance Infrastructure, through its subsidiary Reliance Defence, has expanded its partnership with German company Diehl Defence to produce Vulcano 155mm precision-guided munitions for the Indian Armed Forces. A new facility will be established in Ratnagiri, Maharashtra, for manufacturing. The collaboration aims for over 50% indigenous value addition and could generate up to Rs 10,000 crore in revenue. This partnership is expected to enhance India's long-range precision strike capabilities and boost local defence manufacturing.
10Jun 25
Reliance Infrastructure Accelerates Artillery System Delivery to Indian Armed Forces
Reliance Infrastructure announces priority on swift delivery of System Vulcano 155MM to Indian Armed Forces. The company plans to establish a new greenfield plant in Ratnagiri, Maharashtra, expanding its defense manufacturing capabilities. This move aligns with India's 'Make in India' initiative in the defense sector, aiming to reduce import dependency and boost indigenous production.
10Jun 25
Reliance Infrastructure Bolsters Strategic Alliance with Diehl Defence
Reliance Infrastructure has announced a significant move to strengthen its strategic alliance with German defense technology company Diehl Defence. This development is expected to have implications in the defense sector, potentially leading to technology transfer, joint ventures, and market expansion opportunities. The move aligns with India's focus on modernizing its defense capabilities and promoting domestic defense manufacturing.
10Jun 25
Reliance Infrastructure: Arbitration Win and Strategic Defence Partnership
Reliance Infrastructure's subsidiary, Mumbai Metro One, has won an arbitration case against MMRDA, with the Bombay High Court ordering MMRDA to deposit ₹1,100 crore within four weeks. Additionally, Reliance Infrastructure's defence arm has partnered with German firm Diehl Defence to supply guided munitions to Indian Armed Forces, focusing on the 'System Vulcano 155mm Precision Guided Munition' with over 50% indigenous content.
04Jun 25
Reliance Infrastructure Soars 13% as NCLAT Suspends Insolvency Order
Reliance Infrastructure's stock climbed 13% after the National Company Law Appellate Tribunal (NCLAT) suspended an earlier insolvency order by the National Company Law Tribunal (NCLT). The company claims to have paid Rs 92.68 crore to Dhursar Solar Power, potentially rendering the insolvency proceedings unnecessary. The stock touched a 52-week high of Rs 385.70 and settled at Rs 380.60, up 11.30%.
Reliance Infrastructure (RInfra) successfully avoided insolvency proceedings by settling its ₹92.68 crore debt with Dhursar Solar Power. The National Company Law Appellate Tribunal (NCLAT) suspended an earlier insolvency order by the National Company Law Tribunal (NCLT). This led to a 10% surge in RInfra's stock price, reflecting renewed investor confidence. The resolution allows RInfra to continue operations without the constraints of insolvency proceedings, potentially improving its business relationships and preserving shareholder value.
04Jun 25
NCLAT Halts Insolvency Proceedings Against Reliance Infrastructure
The National Company Law Appellate Tribunal (NCLAT) has suspended a ruling that had previously admitted Reliance Infrastructure into corporate insolvency resolution. This decision temporarily halts the insolvency proceedings against the company, providing Reliance Infrastructure with a reprieve. The suspension overturns an earlier ruling by the National Company Law Tribunal (NCLT), Mumbai, which had initiated the insolvency process. This development allows Reliance Infrastructure to continue its operations without the immediate threat of insolvency resolution.
02Jun 25
Reliance Infrastructure Settles 926.8 Million Rupee Claim with Dhursar Solar Power
Reliance Infrastructure has paid ₹926.8 million (₹92.68 crore) to Dhursar Solar Power, settling a claim related to their Energy Purchase Agreement (EPA). The payment is specifically for a tariff claim as stipulated in the EPA between the two entities. This transaction highlights the financial commitments involved in power purchase arrangements and the importance of contractual obligations in India's energy sector.
27May 25
Reliance Infrastructure Swings to Massive Profit in Q4, Clears Bank Debt
Reliance Infrastructure Ltd posted a net profit of ₹4,387.08 crore in Q4 2024-25, reversing a ₹220.00 crore loss from the previous year. Annual net profit reached ₹4,938.00 crore, with consolidated operating income up 7% to ₹23,592.00 crore. The company achieved zero standalone net debt from banks and financial institutions. Despite a 12% decline in Q4 operational income, annual adjusted EBITDA surged 154% to ₹12,288.00 crore.
24May 25
Reliance Defence Forges Strategic Alliance with German Defence Giant Rheinmetall AG
Reliance Defence, a subsidiary of Reliance Infrastructure, has announced a strategic partnership with Rheinmetall AG, a leading global defence manufacturer. The collaboration aims to enhance Reliance Defence's capabilities in the defence sector, potentially involving technology transfer, market expansion, and product portfolio enhancement. This partnership aligns with India's push for self-reliance in defence manufacturing and could contribute to the country's defence modernization efforts.
23May 25
Reliance Infra Reports Q4 Loss and Regulatory Income of ₹82.7 Billion
Reliance Infrastructure reported a substantial regulatory income of ₹82.70 billion in Q4, but faced increased operational losses. Revenue declined 12.3% YoY to ₹4,110.00 crore, while EBITDA dropped 95.6% to ₹140.00 crore. The company's loss before rate regulated activities, exceptional items, and tax widened to ₹5.60 billion. Operating profit turned to a loss of ₹2,465.00 crore, and expenses increased by 12.79% quarter-over-quarter.
Reliance Infrastructure Boosts Stake in Reliance Power to 24.90%
Reliance Infrastructure has increased its stake in Reliance Power from 23.18% to 24.90% by subscribing to 9.55 crore equity shares for ₹315.15 crore. This strategic move strengthens Reliance Infrastructure's position in the power generation industry and may lead to improved synergies between the two Reliance group companies.
02Apr 25
Reliance Infrastructure's Credit Rating Withdrawn as Debt Fully Repaid
Reliance Infrastructure (RInfra) has fully repaid its outstanding Non-convertible Debentures (NCDs) and bank facilities, leading CARE Ratings to withdraw its credit ratings for these instruments. The company's stock price rose 2.78% to ₹260.60 on the BSE following this news. Despite this positive development, RInfra's recent financial performance shows ongoing challenges, with negative PBILDT and PAT figures for 9M FY25, FY24, and FY23. Separately, a Settlement Agreement with Yes Bank Limited has been terminated due to delayed payment by RInfra's subsidiary.
10Mar 25
Reliance Infrastructure Shares Dip 1.8% Amid Merger Announcement with Subsidiary
Reliance Infrastructure Ltd. (RInfra) shares declined 1.8% on the Bombay Stock Exchange, closing at ₹235, ending a three-day rally. The company announced plans to merge with its wholly-owned subsidiary, Reliance Velocity Limited, subject to NCLT approval. This announcement follows RInfra's recent debt settlement with Jammu and Kashmir Bank. The merger aims to streamline operations and potentially reduce costs, but the market's initial reaction was cautious.
07Mar 25
Reliance Infrastructure Subsidiary to Partner with Dassault for Fighter Plane Manufacturing in Nagpur
Dassault Aviation has announced plans to begin manufacturing fighter planes in Nagpur, India, through a joint venture with a Reliance Infrastructure subsidiary. This move aims to enhance India's domestic defense production capabilities and aligns with the 'Make in India' initiative. The strategic location of Nagpur offers excellent connectivity and industrial potential. While financial details are undisclosed, this partnership represents a significant step for Reliance Infrastructure into the defense manufacturing sector and could impact its future financial performance.
20Feb 25
Reliance Infrastructure Ventures into Solar and Battery Manufacturing
Reliance Infrastructure Limited (RInfra) has announced its entry into the solar and battery manufacturing sector. The company has incorporated two wholly-owned subsidiaries: Reliance Battery GreenTech Private Limited and Reliance Zetta SolarTech Private Limited. RInfra has also appointed Shri Ivan Saha as Senior Management Personnel to lead this initiative. The company emphasizes compliance with SEBI regulations and transparency in its operations.
18Feb 25
Reliance Infrastructure Eyes Expansion into Renewable Energy Manufacturing
Reliance Infrastructure is reportedly planning to establish integrated manufacturing units for solar panels and batteries, marking a strategic shift towards the renewable energy sector. This move aims to diversify the company's portfolio and capitalize on the growing demand for clean energy solutions. The initiative aligns with India's push for renewable energy adoption and could potentially reduce import dependence for these critical components.