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Reliance Infrastructure
BSE: 500390|NSE: RELINFRA|ISIN: INE036A01016|SECTOR: Power - Generation/Distribution
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Company History - Reliance Infrastructure
1929
 
 - The Company was incorporated on 1st October, at Mumbai under the
 Companies Act, VII of 1913 as Bombay Suburban Electric Supply
 Limited.  It carries on generation and supply of electricity. 
 
 1976
 
 - 12,136 - 9.5% Pref. shares redeemed.  Redemption of balance 62,864
 Pref. shares extended to 1-6-1986 or the vesting date whichever is
 earlier and rate of dividend raised to 11%.  21 No.  of equity shares
 allotted on conversion of 8.5% `F' class Deb.
 
 1977
 
 - To extend the Company's franchise the Company should before 2nd
 June, take concrete steps to the installation and commissioning of a
 generating station of 420 MW or such other capacity as may be
 approved by the State Government.
 
 - 5,589 No. of equity shares issued on conversion of `F' Deb. 
 1977-98. 73,147 Bonus Equity shares issued in prop. 1:5 in early
 1978-79.
 
 1979
 
 - The company reissued and allotted to the Unit Trust of India 7,848
 `C' class debentures of Rs 100 each at par and 24,579 `D' class
 debentures of Rs 100 each at par.
 
 - Arrangements were made to reissue 46,05,000 `E' class debentures to
 financial institutions, apart from their existing holdings in `E'
 class debentures on revised terms.
 
 - The Company issued through private placement with financial
 institutions, debentures worth Rs 200 lakhs and reissued `F' class
 debentures of Rs 46.05 lakhs to LIC.
 
 1980
 
 - 1,46,294 Bonus Equity shares issued at par in prop. 1:3.
 
 1981
 
 - In order to meet the expenses of expansion of Company's
 distribution facilities, the Company raised further finance from
 financial institutions by issuing privately placed debentures worth
 Rs 200 lakhs during 1982-83.
 
 - Towards the close of the year the Company allotted/privately placed
 2,00,000-15% `H' class redeemable debentures of Rs 100 each at par to
 financial institutions.
 
 - The Company was awarded a contract for 34.5 KV distribution system
 at A1-Jubail in Saudi Arabia.  Another contract valued at SR 35
 million was awarded by Electricity Corporation of Saudi Arabia for A1
 Qaseem Rural Electrification Distribution.
 
 1983
 
 - The Company was awarded contracts for the erection of 500MW T.G.
 sets at Singrauli and 2 x 130 MW hydro sets at Idukki in Kerala. 
 
 1984
 
 - On 30th November, the Company received a communication from
 Maharashtra State Government stating that in their view the Company
 would not be in a position to carry out its obligation to instal its
 own power station and that the Electricity Board would therefore
 exercise the option to purchase the Company's electrical undertaking
 on 2nd June, 1986.
 
 - It was proposed to set up a joint venture Company with Saudi
 nationals in Saudi Arabia.
 
 1986
 
 - The Company's `C' and `D' class debentures of Rs 2,65,21,200 were
 to be redeemed on 1st June.  The redemption date was extended with an
 enhanced interest of 15% per annum and the principal amount made
 repayable in 3 annual instalments at the expiry of 7th, 8th, 9th year
 from 1st June, with provision for concurrent maturity in case of
 earlier vesting of the Company's electrical undertaking.
 
 - Div. rate on both classes of Pref. shares raised to 15% with effect
 from 1.6.1986 and redemption date extended to 1.6.93 or the vesting
 date whichever is earlier.  12,040 - 11% Pref. and 2,830 - 9.8% Pref.
 shares belonging to the dissenting shareholders redeemed on
 7.11.1986.
 
 1987
 
 
 - Due to the economic recession, the Company's joint venture company,
 Bombay Suburban Saudi Arabia Co., Ltd., in S. Arabia, was put under
 voluntary liquidation.
 
 1988
 
 - Necessary clearance from the environmental angle was received from
 the Department of Environment and Forest, Government of India for
 setting the project near Dahanu.  Clearances from the authorities
 were obtained for water coal, etc. required for the power project.
 
 1989
 
 - Equity shares subdivided in October, and Authorised capital
 reclassified.  58,51,760 bonus equity shares then issued in prop. 
 1:1.
 
 1990
 
 - Out of the existing 93,637 `F' class debentures, the Company had
 initiated action to extend 77,792 debentures held by financial
 institutions and which was repayable in three annual instalments at
 the expiry of 6th, 7th, 8th year from 1st July 1990 at a rate of 14%.
  The balance 15,845 debentures redeemed on 1st July 1990 and kept
 alive for reissue, were being placed privately with a financial
 institution and shall be repayable in three annual instalments at the
 expiry of 6th, 7th, 8th year from the date of allotment of
 debentures.
 
 - The Company's `E' class and `Reissued E' class debentures worth Rs
 100 lakhs were redeemed on 1st July, 1992.  The redemption of `H'
 class debentures was extended by two years to 18th May, 1993, with
 enhanced interest of 17.5% per annum for the said period. 
 
 1991
 
 
 - During April-May, the Company issued through a Prospectus 80,00,000
 - 12.5% secured fully convertible debentures of Rs 125 each.
 
 - The Balance 23,55,300 debentures along with 3,33,430 debentures not
 taken up by the employees' were offered for public subscription.
 Additional 3,53,295 debentures were allotted to retain
 oversubscription.  Each debenture was compulsorily and automatically
 converted into 5 No. of equity shares of Rs 10 each at a premium of
 Rs 15 per share at end of 1 year from the date of allotment of
 debentures. Accordingly 4,60,00,000 No. of equity shares were
 allotted on 21st June, 1992.
 
 - The Company's licence was extended upto 15th August, 2011,
 essentially to cover the repayment period for the loans of the World
 Bank/International Finance Corporation (Washington).
 
 1992
 
 - The name of the Company was changed from Bombay Suburban Electric
 Supply, Ltd. to its abbreviated version BSES Ltd.
 
 1993
 
 - The Company took up the work in installing dedicated 220 KV
 transmission line between the power station at Dahanu and the
 receiving station at Versova.
 
 - During December, the Company offered 288,51,760-15% fully
 convertible debenture of Rs 60 each on Rights basis in proportion 1
 debenture: 2 equity shares held. (all were taken up).
 
 - Simultaneously another 252,69,900-15% fully convertible debentures
 of Rs 70 each were issued through the prospectus of which the
 following were reserved for allotment on a preferential basis:
  
 - (i) 25,00,000 debentures to Indian financial institutions including
 State Industrial Development/Investment Corporation & State Financial
 Corporation (only 24,99,700 debentures taken up).
 
 - (ii) 60,00,000 debentures to Foreign Institutional Investors
 including Mutual Funds, persons funds.
 
 - (iii) 50,00,000 debentures to Mutual Funds.
 
 - (iv) 8,47,000 debentures to employees (only 8,39,600 debentures
 taken up).
 
 - Balance 109,22,900 debentures alongwith 7,700 debentures not taken
 up employees and FIIs were issued to the public (all were taken up).
 
 - Each debentures of Rights issue was to be converted into one equity
 share of Rs 10 each for cash at a premium of Rs 50 per share on 1st
 March 1995.  Each debenture of Rs 70 of the public issue was to be
 converted into one equity share of Rs 10 each for cash at premium of
 Rs 60 per share on 1st March 1995.
 
 1994
 
 - The Company entered into a MOU with National Thermal Power
 Corporation Ltd. to promote a joint venture company as a subsidiary
 in order to avail enormous opportunities in the power sector in
 construction, erection and other project management activities.  The
 Company holds 51% of the equity of the subsidiary company.  
 
 - A separate Company namely BSES Telecom Ltd. was formed as a
 subsidiary of the Company to provide value added services in software
 and computer services and communication.
 
 - The BSES Telecom Ltd. had entered into a MOU with Hitchison Max
 Telecom Pvt. Ltd. which got licence for operating a cellular mobile
 telephone network in Mumbai.
 
 - 540,15,945 No. of equity shares allotted on conversion of 15% Fully
 Convertible Debentures.
  
 1995
 
 - The Company proposed to C-promote Jeedimetla Power Co. Ltd. 
 jointly with local power consuming companies to set up a 40 MW power
 plant at Hyderabad.  The Company was awarded two naphtha based short
 gestation projects of 40 MW each in Kerala.
 
 - A separate Company `BSES Infrastructure Finance Ltd.' was formed by
 the Company to cater to the financial needs of infrastructural
 development particularly the proposed power project of the Company. 
 
 - 3,316 No. of equity shares kept in abeyance were allotted.
 26,041,650 No. of equity shares issued against GDRs.
 
 1996
 
 - The Contracts, Sales & Computer Division proposed to set up
 manufacturing facility for Elastimold type cable terminators at
 Silvassa in collaboration with Elastimold Division of M/s.  Amerace
 Corporation of USA.  The Division proposed to participate in EPC
 contracts for power projects.
 
 - The Company proposed to instal a naphtha/gas based combined cycle
 power station with an installed capacity of 495 MW at Palghar. 
 
 - For implementing the power projects in Kerala, a separate company
 under the name BSES Kerala Power Pvt. Ltd. was incorporated.  The
 Government of Kerala awarded three power projects each with an
 installed capacity of 40 MW in open cycle mode and 53 MW in combined
 cycle mode.  All would be set up in one place in Kochi. 
 
 - The Company took over the management control of Tamil Nadu
 Industries Capture Power Co. Ltd.  Efforts were made to achieve
 speedy implementation of its proposed 250 MW lignite based project at
 Srimushnam near Neyveli, Tamil Nadu.
 
 - The Company submitted bids in response to tenders floated by
 Gujarat Power Corporation Ltd. for setting up small/medium liquid/gas
 based projects in Gujarat.  The Company was selected to set up
 short/medium sized low gestation power projects.
 
 - The Company received a notice dated 27th, May, from the Maharashtra
 State Electricity Board exercising their option to purchase the
 electricity undertaking of the Company on 2nd/3rd June, 1976. 
 
 - The Company issued Global depository receipt aggregating US 5
 million in March.  Each GDR consisting of 3 equity shares was prices
 at US $ 14.40.  The GDRs were listed at London Stock Exchange. 
 
 1997
  
 - BSES Ltd. is the country's largest private sector power generator
 with a turnover of Rs.1,572 crore.
 
 - Bombay Suburban Electricity Supply (BSES) is setting up a coal
 beneficiation plant as a joint venture with CLI Corporation and
 Spectrum Technologies of the US.
 
 - BSES Limited and the Damodar Valley Corporation (DVC) will soon set
 up a joint venture company for the Rs.4,000 crore 1,000 mw Maithon
 Right Bank thermal power project in Bihar.
 
 - BSES Telecom Ltd., a 100 per cent subsidiary of BSES Ltd., and
 Mastek have joined hands to provide Information Technology driven
 management oriented solutions for power utilities sector through
 Utility Software Development Group which the two companies have
 decided a constitute.
 
 - BSES Ltd has entered into a three-year, currency swap deal
 amounting to  million.
 
 - BSES had entered into a 60:40 joint venture with Ticapco for
 setting up the project.
 
 - The company has signed an agreement on escrow account and has got
 the Letter of Credit (LoC) from State Bank of Travancore led
 consortium.
 
 - The company issued 11,00,000-13% redeemable cumulative preference
 shares of Rs. 100 each with a maturity period of 18 months.
 
 1998
 
 - BSES Kerala Power Ltd, a subsidiary of BSES Ltd., is set to sign an
 escrow agreement with the Kerala State Electricity Board (KSEB).
 
 - BSES are very particular about quality of equipment, have adopted
 the state-of-the art technology for cable laying and jointing, and
 have upgraded the skills of employees.
 
 - BSES would enter into another joint venture for setting up a 200 MW
 Gas/Naphtha power plant in Andhra Pradesh for which an agreement has
 been signed and the relevant clearances have been obtained and this
 project too is expected to go on stream shortly.
 
 - The Gujarat Power corporation has awarded a letter of intent to the
 company for setting up the short gestation 55 mw power project at
 Dahej.
 
 - 47,00,000 pref. shares allotted on conversion of debentures.
 
 1999
 
 - The BSES group will form a joint venture with the UK-based power
 transmission major National Grid for the Orissa distribution venture
 and other distribution ventures that are to be privatised.
 
 - BSES Andhra Power a joint venture with the state government is
 setting up a 200 MW power plant at Samalkot.
 
 2000
 
 - BSES Telecom announced the launch of its Internet Services,
 Powersurfer.net.
  
 - The BSES Telecom has also formed a joint venture company with the
 Hyderabad-based Sriven Multitech Ltd.
 
 - The Business Millennium Award for Environmental Management was
 given to Mumbai-based BSES.
 
 - BSES Telecom, the wholly-owned subsidiary of the power major BSES,
 has shortlisted four international companies Cable and Wireless of
 the UK, MCI Worldcom, British Telecom and News Skies of the US for
 setting up Internet gateways across the country.
 
 - Gujarat Positra Port Infrastrucutre Ltd. has signed an memorandum
 of understanding with BSES Ltd. to execute a 261 mw power project. 
 
 - BSES Ltd. has signed a memorandum of understanding with Oil and
 Natural Gas Commission Ltd. for supply of 1.85 MCMD of gas from
 Bombay High, for its 500 MW combined cycle power plant in Saphale,
 Palghar. 
 
 - Reliance Industries has picked up a 26.6% stake in BSES. RIL is
 entering the broadband business and expanding its power business in a
 big way by way of exploiting its synergies with BSES.
 
 - BSES Ltd has launched a customer-friendly website bsessupply.com. 
 
 - BSES Ltd has informed that Shri V M Lal has ceased to act as the
 Director of the Company with effect from January 29, 2002. In the
 casual vacancy so arisen, Shri R Buddhiraja, IAS, Principal Secretary
 (Energy) to the Government of Maharashtra has been appointed on the 
 Board of the Company with effect from January 29, 2002.
 
 - BSES and its subsidiaries provide electricity service to more than
 2.70 million consumers in area covering about 1,23,000 sq. km. and
 with an estimated population of about 34 million.BSES operates a
 state-of-the-art 500 MW Thermal Power Station at Dahanu near Mumbai
 and supplies the 2001
 
 - Strategies upto 2000 A.D. - Power generation, transmission and
 distribution are areas of core competencies. - 90% of investment to
 be made in core activities and the balance in other related
 activities. - Other related activities cover those synergetic to the
 core activities. - The resources for these projects would be met by
 BSES and raised through joint ventures.
  
 - Corporate Plan - First Five Years:Core Areas: Power Generation
 capacity around 2000 MW Dahanu expansion / Palghar Project: Capacity
 - 500 MW Projects at different locations - Capacity - 1500 MW Three
 to four distribution networks of similar size as BSES Mumbai.
  
 - Other Areas: Expand EPC & Other contracting activities - Turnover
 Rs. 750 crores. Coal Beneficiation / Mining. Manufacturing of Energy
 Meters. Telecom / IT - Turnover Rs. 100 crores.
  
 - Corporate Plan - 15 years Perspective Plan:Power Distribution -
 Capacity 8000 MW. Power Distribution Networks - 20 - 25 locations.
 Contracting Activities - Turnover Rs. 1500 crores. 

 Coal Beneficiation / Mining. Composite Financial Services. Fuel
 Management. Energy Efficiency / Gas Distribution. 
 
 - Upcoming Projects:-Generation: On its balance sheet:Palghar Project
 Wind Farm Project
  
 - Through Joint venturesBSES Kerala Power Limited TICAPCO-Srimushnam
 Project BSES Andhra Power Limited Maithon Power Limited 
 
 - Distribution: Orissa Distribution Companies Part of Rajasthan
 Distribution System. Consultancy of Goa, Andhra Pardesh. It has given
 consultancy to Andhra Pradesh State Electricity Board (APSEB) for
 privatisation of Distribution System. Also the Goa Power Department
 has shown interest for consultancy for restructuring and
 privatisation of
 power department. The assignment is awarded to BSES and it is being
 executed.
  
 - Related Areas: ST BSES Coal Washeries Limited Utility Powertech
 Limited BSES Telecom Limited BSES Infrastructure Finance Limited
 
 - Electric Supply and Transmission Division: BSES has a consumer base
 of 2 million. Importantly, there is no agriculture load as the company
 caters to the urban areas only. It has a good recovery of 99.4%, which
 helps it to provide efficient and effective consumer services. It has
 capital expenditure plans of Rs 120 crore on SCADA and fibre optic.
 
 - The company has managed to maintain the distribution losses at
 around the same level during the past five years. Distribution losses
 were 11.6% during the year ended March 2001 as compared to 11.5%
 during the year ended March 2000. It has come down from 14.95% during
 FY 1993-94. BSES is taking measures to reduce its distribution losses
 further along with improvement in collection mechanism. It is also
 implementing cost control measures with financial engineering and tax
 planning. It also has plans to focus on commercial customers in
 future.
 
 - Dahanu Power Station: Dahanu Power Station achieved a plant load
 factor (PLF) of 82.68% during the year 2000-01. The plant
 availability was to the tune of 92.33%. The plant of the company
 meets 55% of its needs. The demand has been increasing at around 5%
 per annum.  However, BSES depends on Tata Power for additional power
 requirements. It has to purchase this extra power at much higher
 costs. The company is taking measures to reduce overhaul period per
 unit. It also plans to improve plant availability besides increasing
 the dispatches during off peak hours besides reducing coal transit
 losses.
 
 - Wind Energy: BSES has invested Rs 41 crore in 7.59 mw wind farm at
 Chitradurga, Karnataka. This farm has 33 windmills. It has already
 started commercial operations and has one of the highest PLF in the
 country in the wind farm segment.  For the year 2000-01, its average
 PLF was 30.11% when others can manage only 20% to 25% PLF. This farm
 has an attractive return of investment (RoI) as the company is
 allowed 100% depreciation.
  
 - Contracts and EPC Division: This division achieved a turnover of Rs
 529 crore during the year ended March 2001 as against Rs 399 crore
 during the year ended March 2000 and it. Its turnover was Rs 391
 crore during the year ended March 1999. This division has showed an
 improved performance and has been growing at a good rate for the last
 three years.  This division was instrumental in construction and
 erection  works of 5,000 mw in Indian and other industrial and
 infrastructure projects. The cumulative value of works executed by
 this division since inception is to the tune of Rs 3,500 crore. It
 has a good order booking of Rs 1,400 crore as of June 2001.To keep up
 the growth in this business, the company plans to target turnkey jobs
 with higher margins. It also needs to diversify into larger civil
 jobs and other infrastructure sectors. The company also plans to
 provide modern tools for faster project implementation and to provide
 training inputs for better project management.
 
 - BSES has several group companies - ST-BSES Coal Washery, BSES
 Infrastructure Finance, Utility Powertech, Ticapco, BSES Telecom,
 BSES Kerala Power, BSES Andhra Power and three new companies of
 Orissa. The company has a strategy of adding value by strategic
 alliances within the group.
  
 - Coal Washery - JV Company: This JV is a backward integration
 project for the Dahanu Power plant. It supplies washed coal to the
 plant as well as to others. The total cost of this project is around
 Rs 60 crore out of which Rs 9 crore is by a US aid. The washery,
 which is already operational, has a 2.5 mmt per annum capacity and is
 located at Madhya Pradesh.  The return on equity in this JV exceeds
 25%. The company posted revenues of Rs 25 crore with net profit of Rs
 3.7 crore for the year 2000-01.
  
 - BSES Infrastructure Finance (BIFL): This company is in the business
 of providing advisory services on new businesses and financial
 engineering. It also provides bridge finance and leasing services to
 group companies. It has tied up funds for various projects to the
 tune
 of over Rs 1,500 crore.  It has been a dividend paying company since
 inception. It posted revenues of Rs 12.70 crore and net profit of Rs
 3 crore for the year 2000-01.
  
 - Utility Powertech: This is a JV with National Thermal Power
 Corporation (NTPC). Utility Powertech has taken up maintenance
 contracts for NTPC power stations. It has 250 operational sites with
 Rs 25 crore orders on hand.  The company is focussing on
 non-conventional project development including mini and micro hydel
 projects. It posted revenues of Rs 39 crore and profit of Rs 1.5
 crore for the year 2000-01.
 
 - BSES Telecom: This company has been operational since March 2000.
 It is an Internet service provider (ISP) in Mumbai and has a fibre
 optic network to support its last mile services. Its utility software
 division has a customer care product, which caters to over 6 million
 consumers of BSES. It is also exploring alliances for providing
 utility solutions.
  
 - BSES Kerala Power: This is a 165 mw naptha-based combined cycle
 power plant at Kochi in Kerala. It employs 3 gas turbines of 43.5 mw
 each. It proposes to use liquified natural gas (LNG) from the Kochi
 terminal in future.
  
 - BSES Andhra Power: This is a 220 mw duel fuel combined cycle power
 plant at Samalkot. The construction work on civil works is presently
 in progress and the expected date of completion is October 2001 for
 open cycle and February 2002 for combined cycle. BSES EPC group is
 doing the EPC work.
 
 - Orissa Power distribution companies: BSES had bid for distribution
 companies in Orissa in 1999 when the distribution part was opened up
 for privatization. On 1 April 1999, the company with a 51% stake
 along with the JV partner, GRIDCO acquired the three companies. The
 total 
 investment in this distribution foray was to the tune of Rs 117
 crore. World Bank and others are providing long-term soft loans
 amounting to Rs 150 crore in three years.  The consumer base is
 around 8,14,000 with the consumption at around 6,000 million units.
 The tariff is one of the lowest for bulk supply. Importantly,
 agricultural load is less than 6% of the total load. BSES is
 targeting a turnaround for these distribution companies in the next
 2-3 years.
 
 
 2002
 
 - BSES Ltd has informed  that Shri R V Shahi Chairman & Managing
 Director of the Company has relinquished the Office of Chairman &
 Managing Director.The Board of Directors has appointed Shri S S Dua
 as acting Chairman & Managing Director.
 
 -BSES appointed J P Chalsani as chief executive officer of the
 southwest Delhi electricity distribution company and the central-east
 Delhi electricity distribution company, in which BSES has a
 controlling stake.
 
 -Reliance Industries Ltd. increases the stake in the company to
 31.54%
 
 -Signs confidentiality agreement for buying out Enron's stake in
 Dabhol Power Company
 
 -Issues Non Covertible Debentures (NCD) for Rs 100 crore
 
 -Company's 500-mw Dahanu thermal power station achieves an
 availability of 100 per cent and a plant load factor (PLF) of 98.92
 per cent during March
 
 -Power Ventures increases the holding in the company to 23.88%
 
 -Acquires 51% stake in two Delhi Vidyut Board's power distribution
 companies (Central East Delhi Electricity Distribution Company Ltd
 and South West Delhi Electricity Distribution Company Ltd.)
 
 -Delhi government signs a share-holding agreement with Bombay
 Suburban Electric Supplies (BSES) and Tata Power for power
 distribution in Delhi
 
 -Changed names of its two power distribution companies in Delhi.
 While the South West Delhi electricity Distribution Company was
 renamed as BSES Rajdhani Power Ltd, the Central East Delhi
 Electricity Distribution Company was christened BSES Yamuna Power
 Ltd.
 
 -Pulls out of 250 MW power project in Tamil Nadu
 
 -Reliance group increases stake in the company from 38% to 40.29%
 through creeping acquisition route
 
 -Reliance Power Ventures acquires 28,28,545 shares of BSES Ltd,
 increases the stake to 28.30%
 
 -Completes US$ 120 million Foreign Currency Convertible Bond issue
 
 2003 
 
 - Company becomes part of the Reliance Group, with Mr Anil D Ambani,
 Vice Chairman and Managing Director of Reliance Industries Ltd.
 unanimously being appointed by the Board as Chairman of BSES.
 
 -The name of BSES Ltd changed to Reliance Energy Ltd.
 
 -BSES Andhra Power Ltd, BSES Kerala Power Ltd, BSES Rajdhani Power
 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 cease to be subsidiaries of
 the Company with effect from March 29, 2003
 
 -Members approve delisting of company's shares from the following
 stock exchanges:
 
 1. Ahmedabad Share & Stock Brokers Association
 2. Bangalore Stock Exchange Ltd
 3. Calcutta Stock Exchange Association Ltd
 4. Delhi Stock Exchange Association Ltd
 5. Inter Connected Stock Exchange of India Ltd.
 
 -BSES Andhra Power Ltd. becomes 100-pc subsidiary of Reliance Energy
 
 -Allots equity shares to Bank of New York on options exercised by it
 
 -Anil Ambani, vice-chairman and managing director, Reliance
 Industries Ltd, and chairman, BSES Ltd, voted as the MTV Youth Icon
 of the Year by young Indians across the country
 
 -Maharashtra Govt. took  back its nominee from the company board
 
 -Reliance Salgaocar Power becomes Wholly Owned Subsidiary of the
 company
 
 -BSES signs an agreement with US bank for GDR conversion
 
 2004
 
 -Reliance decides to revamp Hirma mega thermal power project
 
 -Easy Bill, a Hero group company, inks pact with BSES for bill
 collection
 
 -Promoters' holding in BSES has dropped by 5.67 per cent to 52.55 per
 cent
 
 -BSES Andhra Power Ltd. & Reliance Salgaocar Power Company Ltd
 (RSPCL) merged with the Company
 
 -Janus acquires 4-pc stake in Reliace Energy
 
 -The name of BSES Limited shall be changed to Reliance Energy Limited
 and the trading symbol of BSES Limited be changed from BSES to REL
 w.e.f. March 12, 2004.
 
 -Mops up 8 million (Rs 805 cr) through a five-year zero-coupon
 foreign currency convertible bond (FCCB) issue
 
 -Enters into two foreign currency facility agreements pursuant to
 which the Company was required to create security over certain of its
 assets by certain specified times after the respective dates of the
 Facilities
 
 -Life Insurance Corporation of India has informed that they have
 acquired 55,00,000 equity shares of Reliance Energy Limited.
 
 -Reliance Power Ventures Limited acquires 91,95,622 shares
 representing 4.99% of voting rights of Reliance Energy Limited via
 preferential allotment and the date of acquisition is April 03,
 2004.
 
 -Reliance Energy, Govt of UP and Reliance sign the State Support
 Agreement
 
 -Reliance wins Koldam project over Essar
 
 -Reliance join hands with Temasek to establish first power VF
 
 - launches multilingual power bills on September 16, 2004
 
 2005
 
 -Dahanu of REL's bags CII`s National Award of Excellence 2005
 
 --Registered Office of the Company has been shifted from Nagin Mahal
 (6th Floor), 82 Veer Nariman Road, Mumbai 400 020 to Reliance Energy
 Centre, Santacurz (East), Mumbai - 400055
 
 
 2006
 
 -Reliance Energy join hands with Bajaj for CFL bulbs
 -The Company along with its consortium on November 07, 2006 signed
 Contract with Ministry of Petroleum and Natural Gas (MoPNG) for
 exploration and production of four Coal Bed Methane (CBM) blocks.
 
 
 2007
 
 -Reliance Energy Ltd has appointed Shri. Lalit Jalan as Whole-time
 Director on the Board.
 
 -CRISIL has reaffirmed its outstanding ratings of 'AAA/Stable/P1+' on
 Reliance Energy Ltd's (Reliance Energy's) debt programmes.
 
 -Reliance Energy Ltd bagged an Engineering, Procurement and
 Construction (EPC) contract from Damodar Valley Corporation (DVC) to
 set up the 2 x 600 MW coal based power station at Raghunathpur in
 West Bengal.
 
 2008
 
 - Reliance Infrastructure has bagged the contract for four-laning of
 the Gurgoan-Faridabad road and along with this the upgradation of the
 Ballabgarh-Sohana road on a build-operate and transfer (BOT) basis.
 This project involves the construction of 66 km of road on high
 density traffic zone and the project is expected to be completed in
 two years from the date of commencement with a concession period of
 17 years.
 
 -Company name has been changed from Reliance Energy Ltd to Reliance
 Infrastructure Ltd.
 
 -Reliance Infra's Dahanu Thermal Power Station bags award
 
 2009
 
 -Reliance Infra to enter into cement sector
 
 -Reliance Infra agrees to pay marketing margin to RIL
 
 -RInfra gets Kandla-Mundra road project in Gujarat
 
 -Reliance Infrastructure Wins Rs 11,000 cr Mumbai Metro-II Project
 
 -RInfra wins Jaipur-Reengus Road Project from NHAI
 
 2010
 
 - The Anil Dhirubhai Ambani Group (ADAG) firm Reliance Infrastructure
 (R-Infra) has inked an agreement with NHAI for developing the Rs 3,000
 crore Delhi-Agra highway project.
 
 - The Maharashtra State Road Development Corporation (MSRDC) has
 signed a formal agreement with Reliance Sealink One Private Limited,
 to construct the 3.3-km Worli-Haji Ali sea link, at an estimated cost
 of Rs 5000 crore.
 
 - Reliance Infrastructure Ltd with effect from November 22, 2010, the
 registered office of the Company is shifted to the following
 address:Reliance Infrastructure Ltd H Block, 1st Floor Dhirubhai
 Ambani Knowledge City, Navi Mumbai - 400710.
 
 - Reliance Infrastructure (R-Infra) bagged a Rs 2,960-crore project
 from the National Highways Authority of India (NHAI).
 
 - Rel-Infra signed agreement for Rs 3,000 cr Delhi-Agra road project
 
 -Registered Office of the Company has been shifted To H Block, 1st
 Floor,Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710.
  
 2011
 
 - Reliance Infrastructure Ltd gets Award of EPC contract of Rs. 7,200
 crore (US$ 1.6 billion) for the Samalkot Power Project to Reliance
 Infrastructure Limited
 
 -Reliance Infrastructure Ltd, Promoter Group invests Rs. 2,095 Crore
 (US$ 460 Mn) in R Infra Equity Shares
 
 - Anil Ambani-led Reliance Infrastructure announced that it had
 secured an EPC contract for 2400 MW Gas based Combined Cycle Power
 Project (CCPP) at Samalkot valued at Rs. 7,200 crore (US$ 1.6
 billion) from Reliance Power.
 
 2012
 
 - RInfra SPV Commissioned 6th Transmission Line in Western Grid.
 
 - RInfra won prestigious India Power Award 2012 for Mumbai Discom
 
 - Rinfra's SPV Commenced Widening and Tolling of Delhi Agra Road
 
 - Rlnfra entered Cement Market under Brand Name ‘Reliance Cement.
 
 - Rlnfra commenced 4 to 6 lanes widening and tolling of Delhi Agra
 road through its Special Purpose Vehicle (SPV) DA Toll Road Pvt Ltd.
 
 - RInfra bags India Power Awards 2012 for excellence in Energy
 Efficiency Conservation (EEC) & Demand Side Management(DSM).
 
 2013
 
 - Infrastructure major Reliance Infrastructure has joined the league
 to bid for constructing the USD 4 billion Indian railways
 Churchgate-Virar elevated corridor project.
Source : Dion Global Solutions Limited
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