Reliance Infrastructure Ltd


BSE: 500390 | NSE: RELINFRA | ISIN: INE036A01016 
Market Cap: [Rs.Cr.] 11,956 | Face Value: [Rs.] 10
Industry: Power Generation And Supply

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Board Meet

25-May-12 
Reliance Infrastructure Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 25, 2012, inter alia, to consider and approve the Audited Financial Results of the Company for the Year ended March 31, 2012, and to recommend payment of dividend on equity shares, if any. 
14-Feb-12 
Reliance Infrastructure Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 14, 2012, inter alia, to consider and approve the unaudited financial results of the Company for the quarter and nine month ended December 31, 2011. Reliance Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2012, has appointed Shri S. S. Kohli and Shri C. P. Jain as Additional Directors of the Company in the capacity of independent directors.4 (As Per BSE Announcement Dated on 14.02.2012) Reliance Infrastructure Ltd has informed BSE about the following: ICICI Securities Ltd ('Manager to the Buyback') on behalf of Reliance Infrastructure Ltd ('Target Company') has informed this Post Offer Public Announcement to the Equity Shareholders / Beneficial Owners of the Equity Shares of the Company regarding completion of Buy-back offer, which is in continuation of and should be read in conjunction with the Public Announcement ('PA') dated March 25, 2011 & a Corrigendum Public Announcement (Corrigendum PA) dated April 08, 2011, in compliance with Regulation 19(7) of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 and subsequent amendments thereof. A The Buy-Back 1. The Target Company had announced the Buy-back of its fully paid-up equity shares of the face value Rs. 10 each ('equity shares') pursuant to the approval of the Board of Directors at their meeting held on February 14, 2011. The capitalized terms and abbreviations used in this advertisement have the same meaning ascribed to them in the PA and the Corrigendum PA, unless otherwise specified 2 The Buy-back commenced on April 11, 2011 and it was completed on February 13, 2012. The payout formalities will be completed by February 16, 2012. Till closure of Buy-back, the Company has utilised 23.43 % of the amount authorized for the Buy-back. 3. The Company has extinguished 44,25,000 Equity Shares till date and is in the process of extinguishing 5,262 Equity Shares out of 44,30,262 Equity Shares bought - back. B. Details of the Buy-back: 1. The total number of Equity Shares bought - back under the Buy-back is 44,30,262 Equity Shares. 2. The total amount invested in the Buy-back is Rs. 234.32 crore which excludes brokerage costs, SEBI turnover charges, taxes such as securities transaction tax, service tax and relevant stamp duty. 3 The price at which the Equity Shares were bought - back was dependent on the price quoted on the BSE and NSE. The Equity Shares were bought - back at an average price of Rs. 528.91 per Equity Share. 4 The Equity Shares were bought in the demat segment from the Stock Exchanges. As the offer for the Buyback of the Equity Shares of the Company was from the Open Market through Stock Exchange(s), the identity of shareholders from whom Equity Shares exceeding one per cent of the total Equity Shares bought in the Buy-back is not known. C. Capital Structure The capital structure of the Company, pre and post Buy-back. (For more details kindly refer Corporate Announcements on www.bseindia.com). (As Per BSE Announcement Dated on 16.02.2012) Reliance Infrastructure Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 14, 2012,has appointed Shri S. S. Kohliand Shri C. P. Jain as Additional Directors of the Company in the capacity of independent directors. (As Per NSE Bulletin Dated on 15/02/2012) 
08-Nov-11 
Reliance Infrastructure Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 08, 2011, inter alia, to consider and approve the unaudited financial results of the Company for the quarter and six month ended September 30, 2011. 
11-Aug-11 
Quarterly Results 
27-May-11 
Reliance Infrastructure Ltd has informed BSE that the Company opts to submit audited financial results for the entire financial year, and accordingly, a meeting of the Board of Directors of the Company will be held on May 27, 2011, Inter alia, to consider and approve the Audited Financial Results of the Company for the year ended March 31, 2011 and to recommend payment of dividend on equity shares, if any. Reliance Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2011, inter alia, has recommended a Dividend of Rs. 7.20 per share on fully paid up equity shares of Rs.10 each. The dividend will be paid on the equity share capital of Rs. 265.82 crore. (As Per BSE Announcement Dated on 26.05.2011) 

AGM

27-Sep-11
Reliance Infrastructure Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 19, 2011 to September 27, 2011 (both days inclusive) for the purpose of Payment of Dividend & 82nd Annual General Meeting (AGM) of the Company to be held on September 27, 2011. Reliance Infrastructure Ltd has informed BSE that the members at the 82nd Annual General Meeting (AGM) of the Company held on September 27, 2011, inter alia, have approved the following: 1. Adoption of audited Balance Sheet as at March 31, 2011, Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon. 2. Declaration of dividend on equity shares. 3. Appointment of Shri S. L. Rao, as Director of the Company, liable to retire by rotation. 4. Appointment of Dr. Leena Srivastava, as Director of the Company, liable to retire by rotation. 5. Appointment of Haribhakti & Co., Chartered Accountants and Pathak H. D. & Associates, Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting, at a remuneration to be decided by the Board of Directors. 6. Appointment of Shri R. R. Rai, as Director of the Company, liable to retire by rotation. 7. Issue of equity shares to the Qualified Institutional Buyers. 8. Raising of securities in the international markets. (As Per BSE Announcement Dated on 27.09.2011) 
22-Dec-10
Reliance Infrastructure Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from December 16, 2010 to December 22, 2010 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on December 22, 2010. Reliance Infrastructure Ltd has informed BSE that the members at the 81st Annual General Meeting (AGM) of the Company held on December 22, 2010, inter alia, have duly approved all the businesses as specified in the notice convening the meeting viz., 1. Adoption of audited Balance Sheet as at March 31, 2010, Profit and Loss Account for the year ended on that date and the Reports on the Board of Directors and Auditors thereon. 2. Confirmation of payment of interim dividend as final dividend. 3. Re-appointment of Shri Lalit Jalan & Gen V P Malik, as directors of the Company, Liable to retire by rotation. 4. Appointment of Haribhakti & Co., Chartered Accountants and Pathak H D & Associates, Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting, at a remuneration to be decided by the Board of Directors. 5. Payment of commission to non - executive directors. (As Per BSE Announcement Dated on 22.12.2010) 
21-Jul-09
AGM 21/07/2009 Reliance Infrastructure Ltd has informed BSE that the members at the 80th Annual General Meeting (AGM) of the Company held on July 21, 2009, inter alia, have duly approved all the business as specified in the notice convening the meeting: 1. Adoption of audited Balance Sheet as at March 31, 2009 Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon. 2. Declaration of dividend of Rs 7.00 per equity share of Rs 10 each for the financial year 2008-09 to those members whose name appeared on the date of book closure. 3. Appointment of Shri. Satish Seth, Shri. S C Gupta & Shri. V R Galkar as Directors of the Company, liable to retire by rotation. 4. Appointment of Price Waterhouse and Chaturvedi & Shah, Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting, at a remuneration to be declared by the Board of Directors. (As Per BSE Announcement Website dated on 21.07.2009) 
16-Sep-08
AGM 16.09.2008 Reliance Infrastructure Ltd has informed BSE that the members at the 79th Annual General Meeting (AGM) of the Company held on September 16, 2008, inter alia, have accorded to the following: 1. Adoption of audited Balance Sheet as at March 31, 2008, Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon. 2. Declaration of dividend of Rs 6.30 per equity share of Rs 10 each for the financial year 2007- 2008 to those members whose name appeared on the date of book closure. 3. Appointment of Gen. V P Malik, Shri. S L Rao & Dr. Leena Srivastava as Directors of the Company, liable to retire by rotation. 4. Appointment of M/s. Price Waterhouse and M/s. Chaturvedi & Shah, Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting, at a remuneration to be decided by the Board of Directors. (As per BSE Announcement dated on 25/09/2008) 
10-Jul-07
Reliance Energy Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from June 30, 2007 to July 10, 2007 (both days inclusive) for the purpose of payment of Dividend for the year ended March 31, 2007 and Annual General Meeting of the Company to be held on July 10, 2007. Reliance Energy Ltd has informed BSE that the members at the 78th Annual General Meeting (AGM) of the Company held on July 10, 2007, inter alia, have approved the following: 1. Adoption of audited Balance Sheet as at March 31, 2007, Profit and Loss Account for the period ended on that date and the Reports of the Board of Directors and Auditors thereon. 2. Declaration of dividend @ 53% i.e. Rs 5.30 per equity share of Rs 10 each for the financial year 2006-07. 3. Re-appointment of Shri Satish Seth & Shri V R Galkar, Directors retired by rotation. 4. Appointment of M/s. Price Waterhouse, Chartered Accountants and M/s Chaturvedi & Shah, Chartered Accountants as the joint auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting, at a remuneration to be decided by the Board of Directors. 5. Revision in remunerations of Shri S C Gupta, Director (Operations) and Shri J P Chalasani, Director (Business Development) of the Company. 6. Appointment of Shri Lalit Jalan as a Director and Whole-time Director of the Company. (As Per BSE Announcement Website Dated on 24/07/2007) 

EGM

09-Jun-09
Reliance Infrastructure Ltd has informed BSE that pursuant to an Order made on May 08, 2009, the High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company will be held on June 09, 2009, for the purpose of considering and, if thought fit, approving with or without modification(s), the arrangement embodied in the Scheme of Arrangement between Reliance Infrastructure Ltd ("the Demerged Company" or "Rlinfra") and Reliance Energy Generation Ltd ("the Resulting Company No. 1" or "REGL") and Reliance Goa and Samalkot Power Ltd ("the Resulting Company No. 2" or "RGSPL") and Reliance Power Transmission Ltd ("the Resulting Company No. 3" or "RPTL") and Reliance Energy Ltd ("the Resulting Company No. 4" or "REL") and Reliance Infraventures Ltd ("the Resulting Company No. 5" or "RIVL") and Reliance Property Developers Ltd ("the Resulting Company No. 6" or "RPDL") and their Respective Shareholders and Creditors. Reliance Infrastructure Ltd has informed BSE that the equity shareholders of the Company at its Court Convened meeting pursuant to the Order of the Hon'ble High Court of Judicature at Bombay, held in June 09, 2009 have approved the Scheme of Arrangement between the Company and its Wholly owned subsidiaries Reliance Energy Generation Ltd, Reliance Goa and Samalkot Power Ltd, Reliance Power Transmission Ltd, Reliance Energy Ltd, Reliance Infraventures Ltd and Reliance Property Developers Ltd and their respective shareholders and creditors under Sections 391 to 394 of the Companies Act, 1956. The votes cast in favour of the resolution approving the Scheme were 99.9993% of the total votes cast at the meeting. (As Per BSE Announcement Website dated on 09.06.2009) 
26-Apr-06
The company has informed that pursuant to order of the Hon'ble High Court of Judicature at Bombay a meeting of the equity shareholders of the Company will be held on April 26, 2006, for the purpose of considering and, if thought fit, approving with or without modification(s), the Scheme of Amalgamation and Arrangement of Reliance Energy Ventures Ltd with the Company and their respective shareholders and creditors. EGM 26/04/2006 To consider approval of the Scheme of Amalgamation and Arrangement of Reliance Energy Ventures Ltd with the Company and their respective shareholders and creditors. 
19-Jul-05
EGM 19/07/2005 to consider authority to the Board to create, offer, issue & allot from time to time in one or more tranches, Equity Shares and/or Warrants entitling to apply for equity shares or other securities convertible into or exchangeable with equity shares ("Securities") to be subscribed by domestic / foreign institutions, institutional investors, banks, mutual funds, insurance companies, bodies corporate, individuals or other entities, whether or not such investors are Members of the Company, under a preferential issue through offer letter and/or circular and/or information memorandum and/or such other documents / writings, in such a manner and on such terms and conditions as may be determined by the Board in its absolute discretion; provided that the price of the equity shares so issued shall not be less than Rs 573 (including a premium of Rs 563) per equity share of Rs 10 each being the price as prescribed under the Guidelines for Preferential Issues contained in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 and the aggregate amount of the Securities so issued shall not exceed Rs 1,750 crore. 
22-Mar-04
EGM 22/03/2004 To consider 1) Reclassification of Authorised Share Capital 2) Alteration of Articles of Association, 3) Raising of Funds throuh issue of Equity & Equity Linked Securities,4) Raising of Funds through issue of securities in the international markets & 5) Increase in limits of FII Investment. BSES Ltd. has informed the Exchange that an EGM of the Members of the Company will be held on March 22, 2004 to transact the following Special Businesses : 1. Re-classification of Authorised Share Capital; 2. Alteration of Articles of Association; 3. Alteration of Articles of Association; 4. Alteration of Article 131(a) of the Articles of Association; 5. Raising of Funds through Issue of Equity and Equity Linked Securities; 6. Raising of Funds through Issue of securities in the international markets; 7. Increase in limits for FII Investment. It is also proposed to transact the following Special Businesses by the Members of the Company by passing resolutions through Postal Ballot : 1. Issue of shares with Differential Rights; 2. Loans to and Investment in BSES Infrastructure Limited; 3. Loans to and Investment in BSES Ventures Private Limited. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates> Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements). (As per NSE Bulletin dated on 01/03/2004) The company has informed that, at the EGM held today (March 22, 2004), the shareholders of the Company, inter alia, unanimously approved the following :- 1. The preferential allotment of shares aggregating to Rs. 2500 crores (US$ 550 million) to Reliance Group, domestic institutional investors like LIC, GIC, National Insurance, New India Assurance Company and Oriental Insurance Company and foreign institutional investors like Capital International Inc and Sloane Robinson Investment Management. 2. The issuance of international convertible bonds of US$ 178 million (Rs 800 crores) 3. The increase in limits for FII (Foreign Institutional Investors) investment to 49% of the paid up equity share capital of the Company. (AS per BSE Bulletin dated on 22/03/2004) The Company has informed that pursuant to the resolution passed by the shareholders of the company at their Extraordinary General Meeting held on March 22, 2004 approving the issue of equity shares on a preferential basis, the Committee of Directors (Allotment) of the Board of the company at their meeting held today (March 24, 2004) has allotted 36,50,000 equity shares of Rs 10 each at a premium of Rs 630 each aggregating to Rs 2336 million to Reliance Power Ventures Ltd on a preferential allotment basis. The above shares are subject to lock in for a period of 3 years i.e till March 23, 2007. (As per BSE BUlletin dated on 24/03/2004) Reliance Energy Limited has informed the Exchange that pursuant to the resolution passed by the shareholders of the Company at the EGM held on March 22, 2004 approving the issue of equity shares on a preferential basis, the Committee of Directors (Allotment) of the Board of the Company, at their meeting held on March 24, 2004 has allotted 36,50,000 equity shares of Rs.10 each at a premium of Rs.630 each aggregating Rs.233.60 crore to Reliance Power Ventures Limited on a preferential allotment basis. The above shares are subject to lock in for a period of three years i.e. till March 23, 2007. (AS per NSE BUlletin dated on 30/03/2004) The Company has informed that at the EGM of the company held on March 22, 2004, the members approved the Re-Classification of Authorised Capital of Rs 3500 million divided into 20,00,00,000 Equity Shares of Rs 10 each and 1,50,00,000 Redeemable Cumulative Preference Shares of Rs 100 each be and is hereby re-classified into 25,00,00,000 Equity Shares of Rs 10 each, 5,00,00,000 Redeemable Cumulative Preference Shares of Rs 10 each, 80,00,000 Equity Shares of Rs 10 each, with differential rights (differential rights as to dividend, voting or otherwise) and 4,20,00,000 Unclassified Shares of Rs 10 each; with the power to the board to decide on the extent of variation in such rights and to classify and to reclassify from time to time such shares into any class of shares. (AS per BSE Bulletin dated on 21/06/2004) 
15-Feb-03
Bses Ltd has informed the Exchange that the Board of BSES met on January 21, 2003 decided to convene an EGM of the company on February 15, 2003 for seeking approval, inter alia, to the following: 1) Appointment of following Directors who were appointed as Additional Directors by the Board at its meeting held on January 18, 2003: a) Mr. Anil D Ambani, b) Mr. S C Gupta, c) Mr. J P Chalasani. 2) Appointment of and payment of remuneration to the following Whole-time Directors who were appointed by the Board at its meeting held on January 18, 2003: a) Mr. S C Gupta - As Whole-Time Director designated as Director (Operations); b) Mr. J P Chalasani - As Whole-Time Director designated as Director (Business Development). 3) Increasing the Board strength from 12 to 16 Directors. 4) Alteration of Article 131(a) of the Articles of Association of the company. 5) Authorization to the Board to make borrowings exceeding the limit specified under Section 293(1)(d) of the Companies Act, 1956. 6) To approve the following through Postal Ballots : a) Authorization to create mortgage, charges etc. under Section 293(1)(a) of the Companies Act, 1956; b) Insertion of additional object clauses to enable the company to enlarge its area of operation.  

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
NTPC 117,332.90 12.72 1.60 11.16 14.0 13.3 0.62
Power Grid Corpn 48,565.87 16.34 2.25 10.87 14.3 9.8 2.00
Reliance Power 26,185.89 84.10 1.63 123.52 0.6 0.7 0.05
NHPC Ltd 22,264.34 8.74 0.91 10.00 9.1 8.8 0.59
Tata Power Co. 21,179.92 18.10 1.97 18.10 8.6 9.1 0.59
Neyveli Lignite 12,029.18 8.64 1.08 7.53 12.1 12.5 0.38
Reliance Infra. 11,955.53 6.50 0.70 13.01 6.8 6.9 0.25
Adani Power 10,987.35 0.00 1.82 31.10 8.6 5.8 2.24
JP Power Ven. 9,357.27 23.15 1.68 25.22 4.1 5.0 2.04
Torrent Power 9,151.36 7.40 1.59 6.66 24.4 22.3 0.82
SJVN 7,673.43 7.25 1.06 5.02 13.2 15.2 0.25
JSW Energy 7,167.02 20.05 1.16 9.99 15.6 15.1 0.66
CESC 3,354.64 5.94 0.70 5.77 12.0 12.0 0.94
Lanco Infratech 2,920.66 19.25 0.86 15.68 8.4 11.6 0.99
Indiabulls Power 2,581.46 48.29 0.60 382.81 0.2 0.3 0.07

Futures & Options Quote

 
Expiry Date
459.00 2.65  (0.6%)
Instrument: FUTSTK
Expiry Date: 31 May 2012
Open Price: 454.10
Average Price: 456.16
No. of Contracts Traded: 1,278,500
Open Interest: 3,530,000
Underlying: RELINFRA
Market Lot: 500
Previous Close: 456.35
Day’s High | Low: 460.80 | 451.45
Turnover (Cr.): 58.32
Open Int. Change: 25,000.00 (0.7% )
View detailed F& O quotes >>

Key Information

Key Executives:

Anil D Ambani , Chairman 

Satish Seth , Vice Chairman 

S C Gupta , Director (Operation) 

Lalit Jalan , Whole-time Director 


Company Head Office / Quarters:
H Block 1st Floor,
Dhirubhai Ambani KnowledgeCity,
Navi Mumbai,
Maharashtra-400710
Phone : 91-22-30386290
Fax : 91-22-30376633
E-mail : rel.investor@relianceada.com
Web : http://www.rinfra.com
Registrars:
Karvy Computershare Pvt Ltd
Madhura Estate
Municipal No.1-9/13
Madhapur Village
Hyderabad - 500081

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