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Reliance Infra bags contract
Posted by :
jiteen_t
Hi Swastika,
Instead of the good news, stock is going down? What can be the reason?...
NSE Announcements on Reliance Infra
Posted by :
MMB MessengerReliance Infrastructure Limited has informed the Exchange regarding a media release dated October 20, 2009, titled "RInfra Wins Jaipur-Reengus Road Project from NHAI". A copy of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Reliance Infra
Posted by : MMB MessengerReliance Infrastructure Ltd has informed BSE regarding a Press Release dated October 20, 2009 titled "RInfra wins Jaipur-Reengus Road Project from NHAI". ...
Reliance Infra bags contract
Posted by : pms.swastika
Reliance Infra bags contract
ReInfra wins Jaipur-Reengus Road Project from NHAI worth Rs. 590 Crs
Regards
Swastika PMS...
hold or exit
Posted by :
jweslyi have a position in relinfra @1335 Oct Futures. Shall i hold or exit?...
If Winter comes Can Spring be far Behind?
Posted by :
kanakadhara
If Mukesh gives Bonus to RIL shareholders,will ANIL
remain far behind?...
Guys hold on to your breath!!!
Posted by : amitg_74
Tommorrow is very crucial day for all the companies of ADAG group as u may be aware of the outcome of RNRL-RIL verdict.
Since rel infra is too part of ADAG and by chance if the verdict goes in favour of RNRL ,all the group companies stocks be it Adlabs/rcom/relinfra/rnrl will shoot like rocket.....
and if RNRL loses....u know..its will be like disaster.
Personally i have 200 shares of Rel infra @ 1308 and right now I am feeling like that i m in midst of some gamble..
will it pay or not??? we will see tommorrow
...
DEMERGER SCHEME; VALUE UNLOCKING:
Posted by : chchch
Making its observation on the crucial changes in the loss reduction targets of the discoms, the CAG is believed to have said this would `deprive` the Delhi Transco of an accrual of Rs. 3,929 crores. On the inclusion of a mechanism to ensure that the discoms received timely payment from the Delhi Jal Board, the CAG is understood to have said that the dues were a secured debt and such a debt should be excluded from the outstanding amount for calculation of collection efficiency. However, the Delhi Government is believed to have defended its decision on loss reduction targets and argued this only meant enhancement of the level of Government assistance from Rs. 2,600 crore to Rs. 3,450 crore reiterating that the choice was between raising the assistance to this level and not privatising. The CAG is learnt to have observed that this increase in financial assistance not only put an additional burden of Rs. 850 crores but also led to an increase in the average tariff by 20 to 30 per cent.
But the CAG seems to have not given enough weightage to these arguments and concluded that the entire process lacked transparency and there has been a `significant dilution` in the various targets fixed for private companies. Moreover, it concluded that the provision of transfer schemes were first modified and then not adhered to resulting in an additional financial burden on the exchequer of the Delhi Government and necessitating an increase in tariff hike more than being contemplated.
...
DEMERGER SCHEME; VALUE UNLOCKING:
Posted by : chchch
The Delhi Government has sought to defend its decision to unbundle the erstwhile Delhi Vidyut Board and go in for --privatisation-- of power distribution system in the Capital in its reply to the Comptroller and Auditor-General (CAG) of India on --certain queries-- raised by it way back in September 2003.
In fact, the privatisation of power distribution in the Capital was discussed by the Audit Review Committee of Public Enterprises on September 26, 2003 and the then Principal Secretary (Power), Jagdish Sagar, who was also holding the charge of Chairman and Managing Director of Delhi Transco and its Director (Finance), Bindu Agnihotri, is believed to have attended the meeting.
The CAG is now believed to have incorporated their views into its report submitted to the Lieutenant-Governor on May 14 according to which the Delhi Government refuted the allegation on any lack of transparency in the entire process particularly in the appointment of consultants. It has also examined the process of unbundling of DVB, the modalities of transfer of assets, reduction of transmission and distribution losses, the reasonableness of incentives provided and the impact of various assumptions on tariffs.
Responding to the queries raised by CAG, the Delhi Government in December 2003 is believed to have argued that there was no rule requiring prior definition of the requirements and scope of work and that they had --sufficient justification-- for their decision to appoint SBI CAPs as their consultant. Some two months earlier in October 2003, the Government is understood to have informed CAG that there was never any intention to invite competitive offers and that SBI CAPs had been proactively contacted in view of their experience in Kanpur and their adoption of the Business Valuation Method for valuation of assets. Giving the reasons for rejecting the other bids, the Government is believed to have said while ICICI --did not had a good track record--, the ASCI offer --did not include-- assistance through the entire process as offered by SBI CAPs and that their scope was limited to a one-time document.
However, the CAG is believed to have disagreed with the Government`s reply and said the requirement and scope of the work should have been first defined to the extent possible and then all the three eligible bidders should have been asked to submit detailed offers with reference to the defined requirements / scope of work. --This would have provided a credible cost benefit assurance besides ensuring transparency of the entire process,-- it said. Countering the Government`s argument, it is reported to have said that the gross difference in amounts paid to SBI CAPs and subsequently to ADCI was not justified given the work actually involved.
Responding to the allegations that the approval of the competent authorities were taken for effecting crucial modifications in the transfer schemes, the Delhi Government in October 2003 is believed to have argued that such matters did not require the approval of Delhi Lieutenant-Governor as had been advised by the Law Department in another matter. Referring to Section 2(d) of the Delhi Electricity Reforms Act, which stipulates that the Government means the Lieutenant-Governor, the CAG is understood to have concluded that any substantial change in the transfer scheme should have been effected after the approval of Delhi Lieutenant-Governor and is believed to have asked the Delhi Government to get --post-facto-- approval from the Lieutenant-Governor of the modifications made.
The CAG is also believed to have commented on the impact the modification would have. For instance the enhancement of moratorium period from three to five years would result in depriving the Holding Company of interest amounting to Rs. 339.84 crores which would have accrued after the third year. Moreover, it enables utilisation of the loan amount of Rs. 1,416 crore for two additional years without interest. ..contd.
...
DEMERGER SCHEME; VALUE UNLOCKING:
Posted by : chchch
kanakadhara, No Surprise, given that a period of 5-years has elapsed and all the benefits given so far will slowly be withdrawn. Read the following article in The Hindu of June 20,2004 -
Power privatisation lacked transparency, says CAG --By Lalit K. Jha
NEW DELHI, JUNE 19. The Delhi Government has sought to defend its decision to unbundle the erstwhile Delhi Vidyut Board and go in for ...
DEMERGER SCHEME; VALUE UNLOCKING:
Posted by : kanakadhara
Quote+
The New Delhi-based private sector Power Utility is
reportedly considering offering shares of its newly created Subsidiaries to the PUBLIC and looking to bring strategic financial partners as part of Value-Unlocking.
Reports suggest that of the SIX Subsidiaries formed as part of a Demerger Scheme,yet to be approved by the Bombay High Court.Reliance Infrastructure plans to List
atleast the Power Diostribution Companies,Reliance Energy and Reliance Power Transmission,in addition to its Metro Projects.
If the Subsidiaries were to be listed separately,the combined share value of RELIANCE INFRASTRUCTURE will be in EXCESS of Rs.3,000/- as against the Current share Price range of around Rs.1200/- to Rs.1,300/-.
With six subsidiaries and an Engineering,Procurement and Construction order Book of Rs.46,000/- CRORES,including inhouse Orders worth Rs.25,000/-Crores,RELIANCE INFRASTRUCTURE aims to become an Operating-cum-holding Company.
UNQUOTE++
Source: CAPITAL MARKET ISSUE DATED 19th October...
Project of Rs 590 cr
Posted by : rvk41
Reliance Infrastructure-led consortium has received the letter of allotment for widening of Jaipur- Reengus section of national highway section from the existing two lanes to four lanes on a build-operatetransfer (toll) basis. The estimated project cost of the project is Rs 590 crore, said a company official. Reliance Infra - with its consortium partners AAA Communications and JTEG - bagged the project based on lowest grant asked from NHAI. The other bidder was C&C Constructions Ltd. The construction period of the project is three years, with a concession period of 18 years, including construction period
For information,with regards
rvk41...
UPDATE : Rs. 50,000 Cr Infra Project ? ?
Posted by : jingu
Does anybody have any update on the Rs.50,000 Cr Worth of Infra projects that REL has already Pre-Qualified in ? That all the Business standard paper says today`s edition 16 Oct 09.
I think the stock will shoot up once the news is out.
G L & H I....
Buy REL for intradar
Posted by : nicosWhat will be the intraday call tomorrow and if possible for Oct.09 future...
Buy REL for intradar
Posted by : Purvi
Sorry sir,
We provide call only on short time.
No one can know the future...
