Reliance Infrastructure#Reliance Airport Project

{{Short description|Infrastructure development company based in Mumbai, India}}

{{Use Indian English|date=August 2021}}

{{Use dmy dates|date=April 2022}}

{{Infobox company

| name = Reliance Infrastructure Limited

| logo = Reliance Infrastructure.svg

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| former_name = {{ubl|Bombay Suburban Electric Supply Limited (1929–1992)|BSES Limited (1992–2004)|Reliance Energy Limited (2004–2008)}}

| type = Public

| traded_as = {{ubl|{{BSE|500390}}|{{NSE|RELINFRA}}}}

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| industry = {{Unbulleted list|Construction|Engineering|Utilities (energy)}}

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| predecessor = Bombay Suburban Electric Supply Limited

| founded = {{start date and age|1929|10|01|df=yes}} as Bombay Suburban Electric Supply Limited

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| hq_location = DAKC

| hq_location_city = Navi Mumbai

| hq_location_country = India

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| key_people = {{Unbulleted list|Anil Ambani (chairman)|Sateesh Seth (Vice-chairman)|Punit Narendra Garg (CEO)|Pinkesh Rohit Shah (CFO)|Paresh Rathod|(Company secretary)}}

| products = {{ubl|Electrical power|natural gas|defence|infrastructure|transport}}

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| services = {{ubl|Electricity generation|natural gas exploration|production|transportation|defence}}

| revenue = {{decrease}} {{INRConvert|19132.55|c}}

| revenue_year = 2022

| operating_income = {{down}} {{INRConvert|138.42|c}}

| income_year = 2022

| net_income = {{down}} {{INRConvert|-807.70|c}}

| net_income_year = 2022

| assets = {{increase}} {{INRConvert|62689.23|c}}

| assets_year = 2022

| equity = {{increase}} {{INRConvert|16491|c}}

| equity_year = 2022

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| num_employees = 5,400+

| num_employees_year = 2021

| parent = Reliance Group

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| website = {{official URL}}

| footnotes = {{cite web|title=Reliance Infrastructure Annual Report 2021-2022|url=https://www.rinfra.com/documents/1142822/11846223/Rinfra_AnnualReport_2022.pdf}}{{cite web|title=Google Finance Reliance Infrastructure|url=https://www.google.com/finance/quote/RELINFRA:NSE}}

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Reliance Infrastructure Limited (R-Infra), formerly Reliance Energy Limited (REL) and Bombay Suburban Electric Supply (BSES), is an Indian private sector enterprise involved in power generation, infrastructure, construction and defence.{{Cite web|url=https://www.rinfra.com/web/rinfra/company-profile|title=Company Profile}} It is part of the Reliance Group. The company is headed by its chairman, Anil Ambani, and chief executive officer, Punit Narendra Garg (since 6 April 2019). The corporate headquarters is in Navi Mumbai.{{Cite web|url=http://www.rel.co.in/Rel/aboutus/relatglance.jsp |title=Reliance Energy |publisher=Rel.co.in |access-date=2 September 2010}} Reliance Infrastructure's interests are in the fields of power plants, metro rail, airports, bridges, toll roads, and defence. It is a major shareholder in the other group company, Reliance Power.

In Fortune India 500 list of 2019, Reliance Infrastructure was ranked as the 51st largest corporation in India with first rank in 'Infrastructure Development' category. {{As of|March 2018|post=,}} Reliance Infrastructure has 56 subsidiaries, 8 associate companies, and 2 joint-ventures. The EPC Business division of the company in 2018 has bagged various orders, including ₹7,000 crore Versova–Bandra Sea Link project,{{cite web|title=Versova-Bandra Sea Link project: MSRDC signs pact with Reliance Infrastructure |date=5 September 2018|url=https://indianexpress.com/article/cities/mumbai/versova-bandra-sea-link-project-msrdc-signs-pact-with-reliance-astaldi-5340176/}} ₹3,647 crore Uppur Thermal Power Project, ₹1,881 crore National Highway projects from NHAI in Bihar & Jharkhand,{{cite news|title=Reliance Infrastructure bags Rs 1,881 crore worth orders from NHAI |newspaper=The Economic Times|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/reliance-infra-bags-rs-1881-crore-worth-orders-from-nhai/articleshow/62823146.cms|last1=Prasad|first1=Rachita}} ₹1,585 crore Mumbai Metro Line-4 project,{{cite news|title=Reliance Infrastructure bags three packages of Mumbai Metro Line 4 |newspaper=Business Standard India|date=13 April 2018|url=https://www.business-standard.com/article/news-ians/reliance-infra-bags-three-packages-of-mumbai-metro-line-4-118041300390_1.html}} ₹1,081 crore Kudankulam Nuclear Power Plant project{{cite web|title=Reliance Infra wins Rs 1,081-cr Kudankulam Nuclear Power project contract |date=9 April 2018|url=https://www.hindustantimes.com/business-news/reliance-infra-wins-rs-1-081-cr-kudankulam-nuclear-power-project-contract/story-RLyEJd4AEuL3uXpxy2upgL.html}} and others.

History

The predecessor company, Reliance Energy Limited, came into existence when it took over an 83-year-old government undertaking, the Bombay Suburban Electric Supply (BSES) in 2002.{{Cite web|date=2019-10-09|title=It's official: BSES's now called Reliance Energy – The Economic Times|url=https://economictimes.indiatimes.com/wealthmakers-the-ambanis/anil-dhirubhai-ambani-enterprises/reliance-energy/its-official-bsess-now-called-reliance-energy/articleshow/933888.cms|archive-url=https://web.archive.org/web/20191009134332/https://economictimes.indiatimes.com/wealthmakers-the-ambanis/anil-dhirubhai-ambani-enterprises/reliance-energy/its-official-bsess-now-called-reliance-energy/articleshow/933888.cms|url-status=dead|archive-date=2019-10-09|access-date=2020-11-03}} BSES was originally founded in October 1929.

In April 2008, Reliance Energy Limited changed its name to Reliance Infrastructure Limited.{{Cite news|url=https://www.reuters.com/article/idUSBOM20049320080428 |title=India Reliance Energy is now Reliance Infrastructure |work=Reuters|date= 28 April 2008|access-date=2 September 2010 | first=Rina | last=Chandran}}{{Cite web |url=http://reliance-energy-news.newslib.com/ |title=Reliance Energy News |publisher=Reliance-energy-news.newslib.com |access-date=2 September 2010 |url-status=dead |archive-url=https://web.archive.org/web/20110714174233/http://reliance-energy-news.newslib.com/ |archive-date=14 July 2011 }} The company entered the road building industry in 2006 with two National Highway projects in Tamil Nadu (Namakkal-Karur and Dindigul-Samayanallur), both sections of National Highway 44 (formerly NH 7).{{Cite news |url=http://www.financialexpress.com/news/reliance-energy-nhai-join-hands-to-pave-way-for-highway-development/115199/0 |title=Reliance Energy, NHAI join hands to pave way for highway development|date=31 January 2006|work=The Financial Express |access-date=14 April 2012|location=New Delhi}} In 2011, it was announced that the company was planning to buy out licences to build road projects from companies unable to do so.{{Cite news|url=http://www.business-standard.com/india/news/r-infra-looks-for-business-in-troubled-road-projects/446061/|title=R-Infra looks for business in troubled road projects|last=Naidu|first=Katya|date=17 August 2011|work=Business Standard|access-date=15 April 2012 |location=Mumbai}}

In September 2018, at a time of financial stress, R-Infra sold its power transmission business in Mumbai to Adani Electricity Mumbai Limited for {{INRconvert|18800|c|year=2018}}.{{Cite news|title=RInfra sells Mumbai power utility to Adani|url=https://www.livemint.com/Companies/sWMDafjrtyOdjCkqsiOBhM/RInfra-completes-sale-of-Mumbai-power-assets-to-Adani.html}}

In October 2024, Reliance Infrastructure board has approved raising of $350 million (Rs 2,930 crore) through ultra-low cost 10-year maturity unsecured foreign currency convertible bonds (FCCBs). The board also approved the employees stock option scheme (ESOPs), which will provide a grant of up to 26 million equity shares of value of over Rs 850 crore.{{Cite web |date=2024-10-02 |title=Reliance Infra board okays $350 mn bond issue |url=https://www.financialexpress.com/market/reliance-infra-board-okays-350-mn-bond-issue-3628172/ |access-date=2024-10-02 |website=Financialexpress |language=en}}

BSES Delhi

Till 2002, the Delhi Vidyut Board (DVB) used to supply electricity to NCT of Delhi, except areas of Lutyens and Cantonment which were & are still catered by New Delhi Municipal Council (NDMC) and Military Engineer Services (MES) respectively. The same year in July, DVB was unbundled and was split into 3 distribution companies namely, BSES Rajdhani Power Limited (BRPL), BSES Yamuna Power Limited (BYPL) & Tata Power Delhi Distribution Limited (TPDDL). Both BRPL and BYPL are 51:49% joint venture between Reliance Infrastructure and Government of Delhi. Since then, BRPL supplies electricity to South & West Delhi covering an area of 750 sq. km. Similarly, BYPL supplies electricity to Central & East Delhi covering an area of around 200 km2.

Transportation

=Airports=

Reliance Infrastructure with its subsidiary company, Reliance Airport Developers Limited (RADL) operated five minor brownfield airports in various small towns of Maharashtra, viz. Nanded Airport, Latur Airport, Baramati Airport, Yavatmal Airport, and Osmanabad Airport. In March 2015, the Government of Maharashtra was looking at cancelling the agreements and taking back control of the airports due to slow progress.{{cite news |last1=Reporter |first1=B. S. |title=Maharashtra to take back five airports from Anil Ambani firm |url=https://www.business-standard.com/article/companies/maharashtra-to-take-back-five-airports-from-anil-ambani-firm-115100601074_1.html |access-date=7 May 2022 |work=Business Standard India |date=6 October 2015}}

In March 2019, the company received a contract from the Airports Authority of India (AAI) worth {{INR}} 648 crores (USD 92 million) for the construction of Rajkot Greenfield Airport at Hirasar in Rajkot district of Gujarat state.{{cite news |last1=Mar 5 |first1=PTI / Updated |title=Reliance Infra wins Rs 648 cr contract from AAI to build new airport at Rajkot, Gujarat - Times of India |url=https://timesofindia.indiatimes.com/business/india-business/rinfra-wins-rs-648-cr-contract-from-aai-to-build-new-airport-at-rajkot-gujarat/articleshow/68268190.cms |access-date=7 May 2022 |work=The Times of India |language=en}}

=Metro projects=

  • Line-1 of Phase-1 of Mumbai Metro: One of the three metro lines in this phase was awarded to a consortium led by R-Infra. The other two lines were awarded to other parties. Mumbai Metro One Pvt Ltd, which is a consortium of R-Infra, Veolia Transport, and Mumbai Metropolitan Region Development Authority (MMRDA) secured the contract for the {{INRConvert|23.56|b}} Versova-Andheri-Ghatkopar section. Mumbai Metro I is operational.{{Cite web |url=http://www.dnaindia.com/mumbai/report_mumbais-first-metro-may-chug-in-march-2013_1685026 |title= "Mumbai's first metro may chug in 2013". DNA India| access-date=8 May 2012}} The project will be implemented on a Build-Operate-Transfer basis, where the consortium will collect revenue for 35 years and then hand over the infrastructure to the government.{{Cite web |url=http://www.dnaindia.com/mumbai/interview_metro-worli-haji-ali-sea-link-work-on-schedule_1424454-all |title='Metro, Worli-Haji Ali sea link work on schedule' – Mumbai – DNA |work=Daily News and Analysis |date=17 August 2010 |access-date=2 September 2010}}
  • Line 4 of Phase 2 of Mumbai Metro: The contracts for three "packages" (18 stations) have been awarded to a consortium led by R-Infra, but apparently, the contract does not include the laying of any tracks. The total length of Line-4 is 32.32 km (20.08 mi) with 32 stations, and the line will connect Wadala to Kasarvadavali via Ghatkopar and Mulund. Out of this, the contract for constructing three "packages" (18 stations) has been awarded to the "Reliance-Astaldi Joint Venture." Construction began in June 2018 and is expected to be completed by 2021.
  • Airport Express (Orange Line): The Airport Express line of Delhi Metro connecting New Delhi railway station to Dwarka Sector-21 metro station, through the Indira Gandhi International Airport. It was opened to the public on 23 February 2011. It has 6 stations covering a length of 22.7 km. All six metro stations on the Orange line are called City Airport Terminals (CATs).

= Toll roads =

Reliance Infrastructure is the largest concessionaire of the National Highways Authority of India (NHAI), having received as many as eleven contracts to build roads under the NHDP Phase-V. These eleven contracts involve constructing about 1,000 km of highway and expressway projects worth {{INRConvert|120|b}}. All the projects are on Build–Operate–Transfer scheme of funding, where R-Infra is required to raise all its own funds and gets to collect tolls on the road for a period of thirty years. Three of the projects (all in Tamil Nadu) are already operational.{{Cite web |url=http://www.vision-media.co.in/construction-news.html |title=Vision Media Group publisher of Power Insight bi-monthly magazine . |publisher=Vision-media.co.in |access-date=25 October 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100903135703/http://www.vision-media.co.in/construction-news.html |archive-date=3 September 2010 }} The eleven projects are:

File:Reliance-NKTRPL-Toll-Plaza-2.JPG

  • DA Toll Road (180 km six-lane between Delhi and Agra on NH-2 in the state of Haryana and Uttar Pradesh){{Cite web|url=http://www.nbmcw.com/reports/market-research/construction-infra-industry/18617-highways-sector-on-overdrive.html |title=Highways Sector on Overdrive – NBM Media |publisher=Nbmcw.com |access-date=25 October 2010}}
  • PS Toll Road (140 km six-lane road connecting Pune and Satara in Maharashtra on NH-4)
  • HK Toll Road (60 km six-lane connecting Hosur and Krishnagiri in Tamil Nadu on NH-7)
  • DS Toll Road (53 km four-lane connecting Dindigul with Samayanallur in Tamil Nadu on NH-7)
  • NK Toll Road (43 km four-lane connecting Namakkal and Karur in Tamil Nadu on NH-7)
  • KM Toll Road (71 km four/ six-lane connecting Kandla and Mundra ports in Gujarat on NH-8A)
  • JR Toll Road (52 km four/ six-lane connecting Jaipur and Reengus in Rajasthan on NH-11)
  • TD Toll Road (87 km four-lane connecting Trichy and Dindigul in Tamil Nadu on NH-45)
  • TK Toll Road (82 km four-lane connecting Trichy and Karur in Tamil Nadu on NH-67)
  • SU Toll Road (136 km four-lane road connecting Salem with Ulundurpet in Tamil Nadu on NH-68){{Cite news|title=RInfra announces commencement of Salem-Ulundurpet four- lane stretch|url=http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/article3715310.ece|date=2 August 2012|location=Salem|work=The Hindu|access-date=21 August 2012}}
  • GF Toll Road (four-lane connecting GurgaonFaridabad (33.1 km) and BallabgarhSohna (33.9 km) for State Highway in Haryana)

= Bridges =

Reliance Infrastructure and Hyundai Engineering formed a joint venture to build the Worli-Haji Ali Sea Link, part of the Western Freeway.{{Cite web|url=http://www.indiainfoline.com/Markets/News/Reliance-Infrastructure-to-develop-8-lane-Worli-to-Haji-Ali-Sea-Link/4870299588 |title=Reliance Infrastructure to develop Worli to Haji Ali Sea Link |publisher=Indiainfoline.com |date=29 June 2010 |access-date=2 September 2010}}{{Cite web|url=http://economictimes.indiatimes.com/articleshow/6103458.cms |title=Reliance Infrastructure to raise Rs 2,600 cr for Worli sea link project |work=The Economic Times |date=29 June 2010 |access-date=2 September 2010}} The consortium was also to toll the Bandra Worli Sea Link for 40 years.{{Cite news|title=MSRDC mulls options for sea link to Haji Ali |url=http://www.dnaindia.com/mumbai/report_msrdc-mulls-options-for-sea-link-to-haji-ali_1692004|date=22 May 2012|agency=DNA|location=Mumbai|access-date=22 July 2012}} In early 2012, the Municipal Corporation of Greater Mumbai proposed constructing a 35 km coastal road between Nariman Point and Kandivali.{{Cite news|url=http://www.dnaindia.com/mumbai/report_bmc-panel-moots-35-6km-coastal-road_1638964|title=BMC panel moots 35.6 km coastal road|date=18 January 2012|work=Daily News and Analysis |access-date=19 May 2012|location=Mumbai}}

Reliance protested against this project as it claimed it would incur losses.{{Cite news |url=http://www.dnaindia.com/mumbai/report_maharashtra-takes-steps-to-bridge-sea-link-differences_1634429|title=Maharashtra takes steps to bridge sea link differences|last=Siddhaye|first=Ninad|date=7 January 2012|work=Daily News and Analysis|access-date=19 May 2012|location=Mumbai}} Subsequently, the Government of Maharashtra appointed a committee to look into the matter.{{Cite news|url=http://www.dnaindia.com/mumbai/report_maharashtra-appoints-committee-to-decide-on-sea-link-project_1686993|title=Maharashtra appoints committee to decide on sea link project|date=10 May 2012|work=Daily News and Analysis|access-date=19 May 2012|location=Mumbai}} Later, it was reported that the MSRDC was likely to cancel the deal with Reliance due to the latter not having started construction two years after signing the agreement.{{Cite news|title=MSRDC board likely to scrap R Infra's contract for Worli-Haji Ali sea link|url=http://www.hindustantimes.com/India-news/Mumbai/MSRDC-board-likely-to-scrap-R-Infra-s-contract-for-Worli-Haji-Ali-sea-link/Article1-872615.aspx|archive-url=https://archive.today/20130125085048/http://www.hindustantimes.com/India-news/Mumbai/MSRDC-board-likely-to-scrap-R-Infra-s-contract-for-Worli-Haji-Ali-sea-link/Article1-872615.aspx|url-status=dead|archive-date=25 January 2013|first=Zeeshan|last=Shaikh|date=15 June 2012|work=Hindustan Times|location=Mumbai|access-date=22 July 2012}} Afterwards, it was announced that the deal was canceled as the mediation report stated that it was impossible to build.{{Cite news|title=It's final: Sea link extension junked, coastal road likely |url=http://articles.timesofindia.indiatimes.com/2012-06-25/mumbai/32407878_1_bandra-worli-sea-link-worli-haji-ali |archive-url=https://web.archive.org/web/20130616015924/http://articles.timesofindia.indiatimes.com/2012-06-25/mumbai/32407878_1_bandra-worli-sea-link-worli-haji-ali |url-status=dead |archive-date=16 June 2013 |first=Chittaranjan|last=Tembhekar|date=25 June 2012|location=Mumbai|work=The Times of India |access-date=22 July 2012}}

Power projects

=EPC contracts=

Projects where the Engineering-Procurement-Construction (EPC) contract was awarded to Reliance Infrastructure Limited:

=BoP contracts=

Projects where the Balance of Plant (BoP) contract was awarded to Reliance Infrastructure Limited:

Defence

  • Reliance Defence Limited (RDL), established on 28 March 2015 as a subsidiary of Reliance Infrastructure has 11 subsidiaries in niche segments of the defence sector. RDL has organized the structure into defence, marine, and land systems with a focused approach towards aiming capabilities and developing in-house expertise in Land-based weapon platforms and systems, Air Combat vehicles, aircraft and avionics, Missiles, Unmanned systems, and C4ISR systems, Surface & sub-surface shipbuilding and development. R-Infra acquired Pipavav Defence and Offshore Engineering Company Limited in Gujarat.{{Citation needed|date=February 2022}}
  • Dhirubhai Ambani Aerospace Park spread over 400 acres land at MIHAN in Nagpur, planned with an aim to create a comprehensive eco-structure through backward integration under the Government of India's Make in India program for indigenous manufacturing of aerospace components. This aerospace park, first of its kind in India, comprising a cluster of manufacturers will indigenously deliver major aircraft components, spares and avionics requirements of the aerospace industry.{{Citation needed|date=February 2022}}

Subsidiaries

As of March 2020, Reliance Infrastructure Limited has 58 subsidiaries{{cite web|title=Reliance Infrastructure Annual Report|url=https://www.rinfra.com/annual-report}} including Reliance Defence, Dassault Reliance Aerospace, BSES Rajdhani Power, BSES Yamuna Power, BSES Kerala Power, Reliance Airport Developers, Mumbai Metro One, Reliance Sealink One, Delhi Airport Metro Express, Reliance Smart Cities, Thales Reliance Defence Systems, Reliance Power Transmission, Reliance Aerostructure and Reliance Helicopters.

See also

{{Portal|Companies}}

References

{{reflist}}