Anil Ambani met Maharashtra Chief Minister Prithviraj Chavan in the backdrop of reports that the Maharashtra State Road Development Corporation (MSRDC) was mulling a coastal road from Worli to Haji Ali and from Haji Ali to Nariman Point.
The meeting assumes significance as a consortium between Ambani-led Reliance and Korea's Hyundai last year won the Rs 5,000 crore contract to extend the Bandra-Worli Sealink till Haji Ali.
The consortium was unable to tie up funds by the December, 2010, deadline and sought a three-month extension for the same.
The coastal road option is being discussed to save cost.
MSRDC sources say the coastal road option will help save the government over Rs 3,000 crore.
Reliance Infra stock price
On November 27, 2015, Reliance Infrastructure closed at Rs 432.20, down Rs 0.4, or 0.09 percent. The 52-week high of the share was Rs 616.70 and the 52-week low was Rs 282.20.
The company's trailing 12-month (TTM) EPS was at Rs 59.75 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 7.23. The latest book value of the company is Rs 786.79 per share. At current value, the price-to-book value of the company is 0.55.
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