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Reliance Energy Board has approved transfer of its infrastructure business to a 100% subsidiary.
REL's infrastructure business includes roads, bridges and real estate. This business has about Rs 3,400 crore road orders in hand. The Rs 2,500 crore Mumbai Metro Phase I Project is also part of its kitty.
The REL infra business will also bid for the Mumbai Trans-Harbour Link. It also has 77 acre commercial real estate In Hyderabad.
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