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Friday, December 4, 2009

Reliance Infra's large order win

Suggested that Reliance Infrastructure may sell shares in its power distribution and metro project units to the public and strategic partners to unlock value.

Reliance Power, an electricity generation company, was hived off from Reliance Infrastructure, formerly known as Reliance Energy, and listed on Indian bourses after the country's largest initial public offering (IPO) of Rs 11,000 crore in early 2008.

Reliance Infrastructure's net profit rose 6.2% to Rs 306.90 crore on a 5.6% increase in sales to Rs 2571.88 crore in Q2 September 2009 over Q2 September 2008.

The company is engaged in generating, transmitting and distributing electricity. It also provides electrical contracting, engineering, procurement and construction contracts and computer services.

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