Reliance Infrastructure Limited (RInfra) is a part of the Reliance Group, India's third largest business house. The company is one of India's fastest growing companies in the infrastructure sector. It ranks among India's top listed private companies on all major financial parameters, including assets, sales, profits and market capitalization. Their presence spans across three verticals, namely Engineering, Procurement and Construction, Energy and Infrastructure.
The company is India's leading utility company having presence in across the value chain of power business i.e. Generation, Transmission, Distribution, EPC and Trading and the largest infrastructure company by developing projects in all high growth areas in infrastructure sector i.e. Roads, Highways, Metro Rails, Airports and Speciality Real Estate.
Reliance Infrastructure Limited was incorporated in the year 1929 with the name Bombay Suburban Electric Supply Ltd (BSES) and then changed their name to BSES Ltd. The company achieved steep growth from 1995-96 after the completion of 2 x 250 MW Generation Project at Dahanu. During the year 1996-97, the installed capacity of the system was augmented to 1,382 MVA by commissioning additional 224 MVA capacity. They commissioned the Aarey Receiving Station during the year.
During the year 1997-98, the installed capacity of the system was augmented to 1,502 MVA by commissioning additional 120 MVA capacity in 33 kV / 11 kV distribution network. Gujarat Power Corporation Ltd. (GPCL) after evaluating the bids received for setting up of small to medium liquid distillate fuel (naphtha) based projects in Gujarat awarded a letter of intent to the Company for setting up a short gestation 57 MW power project at Dahej in Bharuch District.
During the year 1998-99, the company commissioned 7 nos. 33/11 KV 20 MVA and 2 nos. 33/11 KV 15 MVA transformers to evacuate power from the Dahanu Power Station. The company with a view to promoting the non-conventional energy sources, took up a 7.59 MW Wind Farm project comprising 33 Wind Mills in the State of Karnataka at an estimated cost of Rs 41 crore.
In March 2000, the company operated 'BSES Telecom' as an Internet service provider (ISP) in Mumbai and had a fiber optic network to support their last mile services and also exploring alliances for providing utility solutions. Dahanu Power Station achieved a plant load factor (PLF) of 82.68% during 2000-01. In 2001-02, the BSES Kerala Power Ltd commissioned the power station in the Combined Cycle mode but due to various reasons the BKPL suspended their operations from October 2001. OFGW of 220 KW transmission line between Ghodbunder, Versova and Dahanu was successfully completed.
During the year 2002-03, the company restructured their investments in their various joint ventures and special purpose vehicles. Consequently, BSES Andhra Power Ltd, BSES Infrastructure Finance Ltd, BSES Kerala Power Ltd, BSES Rajdhani Power Ltd, BSES Telecom Ltd, BSES Yamuna Power Ltd, North Eastern Electricity Supply Company of Orissa Ltd, Southern Electricity Supply Company of Orissa Ltd, Tamil Nadu Industries Captive Power Company Ltd and Western Electricity Supply Company of Orissa Ltd ceased to be subsidiaries of the company.
In February 2003, the Reliance Group acquired the management and control of the company following the open offer to the shareholders of the company and became the promoters of the company. In April 2003, BSES Andhra Power Ltd (BAPL) and Reliance Salgaocar Power Company Ltd (RSPCL), which became wholly owned subsidiary companies during the year, were amalgamated with the company effective from April 1, 2003.
During the year 2003-04, the company, in order to focus on its core activities to enhance overall shareholder value, decided to exit from non-core activities that were undertaken by the company. They disinvested their entire shareholdings in ST-BSES Coal Washeries Ltd and Maithon Power Ltd during the year. The name of the company was changed to Reliance Energy Ltd with effect from February 24, 2004.
During the year 2005-06, the company successfully bagged the 280 MW Urthing Sobla Hydro Power project on the Dhauliganga River in Pithorgarh district of Uttaranchal State. Also, the company entered into an Agreement with the Government of Arunachal Pradesh for development of two hydro projects at Tato (700 MW) and Middle Siang (1,000 MW). These projects will be developed by Reliance Energy on BOOT basis in association with the Government of Arunachal Pradesh.
During the year 2006-07, Reliance Energy Ventures Limited (REVL) became a part of the Reliance Anil Dhirubhai Ambani Group consequent upon the scheme of arrangement between Reliance Industries Ltd and REVL becoming effective. Pursuant to a scheme of amalgamation, REVL merged with the company with effect from July 17, 2006.
During the year 2007-08, the company entered into various contracts in the areas of energy and infrastructure business. Western Region Transmission (Maharashtra) Pvt Ltd and Western Region Transmission (Gujarat) Pvt Ltd became wholly owned subsidiaries of Reliance Power Transmission Ltd, a subsidiary of the company, with effect fromNovember 14, 2007 and thus, these two companies became subsidiaries of the company.
In April 2008, the name of the company was changed from Reliance Energy Ltd to Reliance Infrastructure Ltd with effect from April 28, 2008. The new name appropriately reflects various infrastructure businesses being carried on by the company and redefines the company's vision and focus to emerge as a premier infrastructure company.
During the year 2008-09, as per scheme of arrangement, Reliance Projects Finance Pvt Ltd, the wholly owned subsidiary of the company, was amalgamated with the company with effect from the appointed date, April 1, 2007.
During the year 2009-10, Reliance Cementation Pvt Ltd, Reliance Cement and Infra Pvt Ltd, Reliance Cement Corporation Pvt Ltd, Reliance Cement Works Pvt Ltd, Reliance Airport Developers Pvt Ltd, Latur Airport Pvt Ltd, Baramati Airport Pvt Ltd, Nanded Airport Pvt Ltd, Yavatmal Airport Pvt Ltd, Osmanabad Airport Pvt Ltd, PS Toll Road Pvt Ltd and KM Toll Road Pvt Ltd, became the subsidiaries of the company.
During the year 2010-11, Utility Infrastructure and Works Pvt Ltd, Reliance Cement Pvt Ltd and Reliance Infrastructure Engineers Pvt Ltd became subsidiaries of the company. As per the scheme of Amalgamation, Reliance Infraprojects Ltd, a wholly owned subsidiary of the company was amalgamated with the company with effect from May 21, 2011. The appointed date of the scheme was April 1, 2010.