Reliance Infrastructure Ltd (RInfra) has reported a 49 per cent rise in its consolidated net profit for the December 2016 ended quarter, owing to better operational performance.
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NLC India awards projects to BGR
NLC India Ltd has awarded projects worth Rs.6,480 crore to BGR Energy Systems and Reliance Infrastructure Ltd.
Rel Infra looks to divest toll road assets by Sept
The Anil Ambani-led Reliance Infrastructure Ltd. is contemplating selling its 11 toll road assets to an overseas buyer for $1.5 billion. The company revealed that the deal would go through by September 2016.
Tight liquidity scenario and toll non-compliance governed the road sector performancey
As against the target of 9,000 kms, during the first six months of 2012-13, NHAI managed to award only six projects. These six projects incÂluded two large-scale projects – Mega Maharashtra Highway (484 kms; Amravati-Jalgaon-Gujarat) and WalajÂahpet PoonÂamallee (93 kms). However, these projects were bid out at seemingly aggressive prices.