Reliance Infrastructure
The Government of Maharashtra recently announced its plans of abandoning the model of private and public partnership that it had entered for the development of Mumbai Metro project in its second phase and has recently decided on modelling and building the project itself. This decision comes after Reliance Infrastructure exited the project partnership. In early [...] Continue Reading »
With the Annual General Meetings (AGMs) of Anil Dhirubhai Ambani-promoted Reliance Group companies having been scheduled on the same day – September 30 – at intervals of two hours, BSE has sought clarification for the group with regard to the scheduling of the multiple AGMs. The Reliance Group companies whose AGMs have been scheduled to [...] Continue Reading »
The National Highways Authority of India (NHAI) has raised concerns over the road ministry’s decision to put on hold its proposal for allowing full equity divestment in public-private partnership (PPP) projects, arguing that a stressed promoter can be harmful for the project. In a letter to the ministry, NHAI has said that it had convinced [...] Continue Reading »
Reliance Cement Company (RCC), a subsidiary of Anil Ambani—led Reliance Infrastructure, today entered into the cement market of Bihar where the demand for the building material is on the rise due to a realty boom. Describing Bihar as one of the most promising cement markets in India, the company said, that the cement market in [...] Continue Reading »
Reliance Infrastructure (RInfra), a part of the Reliance Group (led by Anil Ambani), has appointed MS Mehta as the chief executive officer (CEO) of the company with effect from Monday. Since the industry expects a lot of growth in the infrastructure sector, this is an extremely plum job and the company will expect a lot [...] Continue Reading »
It seems the new focus of Reliance ADA Group led by chairman Anil Ambani will be Infrastructure in this fiscal. Anil Ambani on Monday called on Andhra Pradesh chief minister Chandrababu Naidu and Telangana chief minister K Chandrasekar Rao (KCR), along with other industrial leaders including those from GVK and GMR groups. Reliance Infrastructure (RInfra), [...] Continue Reading »
It seems that there is Saturn hovering on the Mumbai Metro Project. UPS Madan the metropolitan commissioner of MMRDA (Mumbai Metropolitan Region Development Authority) mentioned that they have decided to challenge a single-bench order of the Bombay High Court on the Mumbai Metro fares in front of a division bench. The recently commissioned Mumbai Metro has [...] Continue Reading »
The National Highways Authority of India (NHAI) will probably turn down requests from 5 firms for the rescheduling of premium which is due to the government for construction of highways. The firms which made the premium rollover requests that will be nixed by the NHAI include Sadbhav Engineering, Reliance Infrastructure, and Oriental Structural Engineers. According to [...] Continue Reading »
A source says that RDSO is likely to issue ‘speed certificate’ to Mumbai Metro. The RDSO concluded that this will provide the path for the operator Reliance Infra obtaining safety certificate. A source added that the process of issuing the certificate for the Mumbai Metro is almost completed. The trial report is nearly ready and [...] Continue Reading »
In the third year of the UPA-II regime a large part of the project to build 2,500 km of highways was awarded which has now been cancelled. In 2011-12 most of these projects were awarded by the National Highways Authority of India (NHAI). Because of the economic slowdown in the succeeding years 2012-13 and 2013-14 [...] Continue Reading »
