As Reliance Infrastructure gears up to focus on the defence business, its flagship power distribution and road construction segments may witness a revamp, aimed at improving the company's debt position.
Reliance InfrastructureFuturesLTP : Rs 546.35Action : BUY on dipsTargets : Rs 554 / Rs 561Stop-loss : Rs 527Comment : Momontum indicators are coming off the oversold region. MACD has crossed the signal line.
The Anil Ambani-led infrastructure major had a net profit after tax, share of profit in associates and minority interest of Rs 459.11 crore for the corresponding quarter in 2014-15, it said in a filing to the BSE.
With NTPC asking Reliance Infrastructure-promoted BSES to clear power purchase dues, the latter has approached the Delhi Electricity Regulatory Commission (DERC) for a road map for amortisation of its regulatory assets.
Reliance Infrastructure’s wholly-owned subsidiary Reliance Defence has received 16 industrial licenses for manufacture of equipment ranging from small arms, heavy weapons, armoured vehicles, ammunition, explosives, electronic warfare systems,
Reliance Defence has signed a strategic partnership agreement with three Ukranian state-owned companies which will allow them to collaborate on a range of military products, including transport aircraft, upgrade of armoured vehicles, maritime gas turbines
Reliance Infrastructure (RInfra), which has a consumer base of three million in Greater Mumbai, has proposed an average tariff increase of 5.26 per cent for 2016-17. The company, in its petition before the Maharashtra Electricity Regulatory Commission,
Reliance Defence Ltd, a 100 per cent subsidiary of Reliance Infrastructure Ltd, and Rafael Advanced Defence Systems Ltd have decided to set up a joint venture (JV) company in India in the areas of air-to-air missiles, air defence systems and large