Reliance Infrastructure
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| Type | 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 |   15,475 crore (US$3.4 billion) (2011)[1] |
| Net income | 1,551 crore (US$341.22 million) (2011)[1] |
| Total assets | 34,018 crore (US$7.48 billion) (2011)[2] |
| Employees | 8,988 (2011)[1] |
| Parent | Reliance Anil Dhirubhai Ambani Group |
| Website | www.rinfra.com |
Reliance Infrastructure Ltd. (BSE: 500390, NSE: RELINFRA) formerly known as Reliance Energy and prior to that as Bombay Suburban Electric Supply (BSES), Its India's largest private sector enterprise in power utility[3] and its a company under the Reliance Anil Dhirubhai Ambani Group banner, one of India's largest conglomerates. The company is headed by Anil Ambani. The company's corporate headquarters is situated in Mumbai.[2] The company is the sole distributor of electricity to consumers in the suburbs of Mumbai. It also runs power generation, transmission and distribution businesses in other parts of Maharashtra, Goa and Andhra Pradesh. Reliance Energy plans to increase its power generation capacity by adding 16,000 MW with investments of $13 billion.
[edit] History
Reliance Energy came into existence when it took over BSES in 2002. In April 2008, Reliance Energy changed its name to Reliance Infrastructure.[4][5]
[edit] Metro Rail project
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 a period of 35 years. The phase includes construction of three metro lines. A consortium led by Anil Dhirubhai Ambani Group's Reliance Energy Ltd (REL) along with Veolia Transport Co. together with Mumbai Metropolitan Region Development Authority (MMRDA) bagged the contract for the
2,356 crore (US$518.32 million) Versova-Andheri-Ghatkopar corridor will be built by Mumbai Metro- I consortium and 11,000 crore (US$2.42 billion) Charkop - Bandra - Mankhurd will be built as Mumbai Metro II consortium.[7] Work has already begun on Mumbai Metro-I, which should be completed by December 2010.[8] ------------Operational by Aug, 2012
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] - Under construction
Delhi Airport Metro Express
- The DAMEL Delhi Airport Metro Express is a Metro line linking New Delhi Metro Station to Indira Gandhi International airport. The total length of the line is 22.7 km out of which 15.7 km will be underground.The operation and maintenance of the line is under Reliance Infrastructue. -------------- Operational
[edit] Reliance Airport Project
Reliance Infra is constructing five airports in Maharashtara .The company is also bidding for new airport projects throughout India and Asia . Five airports in Maharashtara are as follows :
- Guru Gobind Singhji Airport - Nanded
- Latur Airport
- Baramati Airport
- Osmanabad Airport
- Yavatmal airport
[edit] Reliance Sealink One Private
Reliance Sealink One Private is a joint venture between Reliance Infrastructure and Hyundai Engineering; it will start building the Mumbai Worli-Haji Ali part of the sea link by early 2011.[10] The 3.3 km bridge is part of the Maharashtra government’s Western Freeway Sea Link project that eventually aims to connect Bandra with Nariman Point.[11]
- Bandra-Worli Sea Link.------------Toll Operational
- Worli-Haji Ali Sea Link.-----------Under Construction
[edit] Reliance Road Projects pvt ltd
Reliance Infra is constructing 1000 km of Highway and expressway projects worth 12,000 crore (US$2.64 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 two are operational.[12] All the projects are on BOT (built operate transfer) basis. The other projects include:
- Hosur-Krishanagiri Road Project -60 km--------------------------Toll operational
- Pune-Satara Road Project - 140 km-------------------------------Toll Operational
- Dindigul-Salem Road Project - NH68----------------------------------------Toll Operational
- Namakkal-Karur Road Project-------------------------------------------------Toll Operational
- Trichy-Dindigul Road Project - NH45------------------------------------Toll Operational
- Trichy-Karur Road Project - NH45--------------Under Construction
- Kandla-Mundra Road Project--------------------Under Construction
- Gurgaon-Faridabad Road project - 30 km-----------Under Construction
- Jaipur-Reengus Road project - 52 km
- Delhi-Agra Road Project - 180 km [13]
RInfra has emerged as the largest concessionaire of NHAI with 11 road projects totaling 1,000 km worth about 12,000 crore (US$2.64 billion) with more than 6,000 people working at various sites.
[edit] Consultancy Projects
Reliance Infrastructure has bagged a consultancy project in Supervisory Control And Data Acquisition — Distribution Management System for Patna city in Bihar. Having built networks in Mumbai and New Delhi, RInfra will execute the consultancy project through its internal resources only. This is the fifth such project Reliance Infrastructure has got.
[edit] Power Transmission Projects
Reliance Infrastructure Limited has commissioned country’s first 100% privately owned transmission line in India on Build, Own, Operate basis. This line has been constructed between Solapur and Karad, two prime cities and district places in the Western Regions of the Maharashtra State. 116 km long 400kV double circuit Solapur – Karad transmission line is the first line under the Western Regional System Strengthening Scheme (WRSSS) project having an outlay of about Rs. 1,400 crore and a total length of 1,500 km. RInfra’s wholly owned subsidiary company, Reliance Power Transmission Ltd. (RPTL) was awarded the project through tariff based competitive bidding process. After signing the Power Transmission Agreement with the Western Region beneficiaries in March 2009 and subsequently achieving financial closure in 70 days, the Company has completed the first line in a record time of 15 months and is expected to commission the complete project by the Q2FY12. Once commissioned, the project would facilitate the free flow of 4,000 MW from power rich Eastern region to the power starved Western region of the country and would benefit all regional utilities. Currently, RInfra is executing 5 transmission projects spreading across almost all parts of the country with a total project outlay of over Rs. 6,600 crore. The Company owns 3 out of 4 Ultra Mega Transmission projects awarded to private sector till date, making RInfra as the largest developer of transmission projects in private space.
[edit] Dadri & Sasan projects
Reliance Energy is currently constructing a 5500 MW gas generation power plant in the district of Dadri in the northern state of Uttar Pradesh. It is planned to be the single largest gas grassroot gas fired generation plant in the world and will 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 as the Gas for this project was not tied up. The matter remained under [14] in the Bombay high court. On June 15, 2009 the Mumbai High court ruled the case in favour of the Reliance Natural Gas Limited asking the Mukesh Ambani owned Reliance Industries to stick to its commitment of providing the gas to RNRL at a stipulated amount being agreed upon prior to the split between the brothers.
A revised gas supply agreement finally has been signed by the two Ambani brothers on Friday, June 25. 2010. The agreement between Mukesh Ambani-run Reliance Industries and his younger brother Anil—led RNRL paves the way for government to allocate gas to Anil Ambani group’s power plants.
The Supreme Court had asked the two groups to renegotiate the agreement based on its earlier ruling that government is the owner of the gas and hence, has the last word on its pricing and utilization.
Anil Ambani group, armed with the new agreement, would now approach to the government seeking allocation of gas to its power plants, including its upcoming projects in Dadri, Uttar Pradesh.
After the announcement in a subdued market, shares in Reliance Natural extended gains to more than 6 per cent.
The Sasan project (Madhya Pradesh) is a 9 * 660 MW coal fired generator currently under construction. The tender had initially been awarded to Lanco
[edit] Other projects
Reliance Energy won on competitive bidding last year for 280 MW Urthing Sobla hydro power project in Uttarakhand. It has also won two power projects totaling 1700 MW in Arunachal Pradesh.
Recently Reliance energy has bagged a 1200 MW Hissar and a 2×250 MW Pariccha EPC project contract. It is also building the 1200 MW Rosa Power Plant. It is also building the 1200 MW Raghunathpur Power Plant for DVC
[edit] Relationship with Tata Power
Tata Power is the India's oldest private power section company and considered Reliance Energy's biggest rival. However Tata Power and REL have an unusual business relationship in that Tata Power is a net generator of power and sells power to REL while REL has insufficient generation capacity to supply its Mumbai retail customers and thus must buy the shortfall from Tata Power. Tata Power and REL both compete directly against each other in the high end use industrial customer market. This has resulted in several contract disputes between the two .
[edit] Reliance Power
Reliance Infrastructure holds 44.96% of Reliance Power as on 31 December 2009. On January 15, 2008, Reliance Power attracted $27.5 billion of bids on the first day of its initial public offering (IPO), equivalent to 10.5 times the stock on offer, thereby, creating India's IPO record. The upper cut off price for the bid was Rs. 450. The proposed IPO was to fund the development of its six power projects across the country whose completion dates are scheduled from December 2009 to March 2014.
[edit] Reference
- ^ a b c "BSE 2010 Data". ttp://www.bseindia.com. http://www.bseindia.com/qresann/detailedresult_cons.asp?scrip_cd=500390&qtr=65.5&compname=RELIANCE%20INFRASTRUCTURE%20LTD.&quarter=MC2009-2010&checkcons=55c. Retrieved 2011-07-13.
- ^ a b "Reliance Energy". Rel.co.in. http://www.rel.co.in/Rel/aboutus/relatglance.jsp. Retrieved 2010-09-02.
- ^ "Reliance Infrastructure - Ever seeking to expand spectrum. - Free Online Library". Thefreelibrary.com. 2010-02-01. http://www.thefreelibrary.com/Reliance+Infrastructure+-+Ever+seeking+to+expand+spectrum.-a0220386979. Retrieved 2010-09-02.
- ^ Chandran, Rina (2008-04-28). "India Reliance Energy is now Reliance Infrastructure". Reuters. http://www.reuters.com/article/idUSBOM20049320080428. Retrieved 2010-09-02.
- ^ "Reliance Energy News". Reliance-energy-news.newslib.com. http://reliance-energy-news.newslib.com/. Retrieved 2010-09-02.
- ^ "'Metro, Worli-Haji Ali sea link work on schedule' - Mumbai - DNA". Dnaindia.com. 2010-08-17. http://www.dnaindia.com/mumbai/interview_metro-worli-haji-ali-sea-link-work-on-schedule_1424454-all. Retrieved 2010-09-02.
- ^ 4 Aug, 2009, 05.56PM IST,ECONOMICTIMES.COM (2009-08-04). "Reliance Infra wins Rs 11,000-cr Mumbai Metro-II project - The Economic Times". Economictimes.indiatimes.com. http://economictimes.indiatimes.com/articleshow/4856829.cms. Retrieved 2010-09-02.
- ^ Lalit Jalan. "Have 11 road projects worth Rs 12,000cr: Reliance Infra - CNBC-TV18". Moneycontrol.com. http://www.moneycontrol.com/news/business/have-11-road-projects-worth-rs-12000cr-reliance-infra_467386.html. Retrieved 2010-09-02.
- ^ "Reliance Infrastructure signs pact for $2.2-bn Mumbai Metro-II". Thaindian.com. 2010-01-21. http://www.thaindian.com/newsportal/business/reliance-infrastructure-signs-pact-for-22-bn-mumbai-metro-ii_100307388.html. Retrieved 2010-09-02.
- ^ "Reliance Infrastructure to develop Worli to Haji Ali Sea Link". Indiainfoline.com. 2010-06-29. http://www.indiainfoline.com/Markets/News/Reliance-Infrastructure-to-develop-8-lane-Worli-to-Haji-Ali-Sea-Link/4870299588. Retrieved 2010-09-02.
- ^ 29 Jun, 2010, 12.26AM IST, ET Bureau (2010-06-29). "Reliance Infrastructure to raise Rs 2,600 cr for Worli sea link project - The Economic Times". Economictimes.indiatimes.com. http://economictimes.indiatimes.com/articleshow/6103458.cms. Retrieved 2010-09-02.
- ^ ": Vision Media Group publisher of Power Insight bi-monthly magazine .:". Vision-media.co.in. http://www.vision-media.co.in/construction-news.html. Retrieved 2010-10-25.
- ^ "Highways Sector on Overdrive - NBM Media". Nbmcw.com. http://www.nbmcw.com/reports/market-research/construction-infra-industry/18617-highways-sector-on-overdrive.html. Retrieved 2010-10-25.
- ^ 22 Jul, 2008, 08.34PM IST,PTI (2008-07-22). "Hearing on dispute over Reliance gas adjourned till Wednesday - The Economic Times". Economictimes.indiatimes.com. http://economictimes.indiatimes.com/News/News_By_Industry/Energy/Oil__Gas/Hearing_on_dispute_over_Reliance_gas_adjourned_till_Wednesday/articleshow/3265919.cms. Retrieved 2010-09-02.
[edit] See also
[edit] External links
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