MoneyWorks4Me

Reliance Infrastructure’s arm enters into West Bengal market

22 May 2014 Evaluate

Reliance Infrastructure’s arm Reliance Cement has entered into West Bengal, a market that has 14-million-tonnes per annum (mtpa) demand and potential to grow by 8 per cent in the coming years.

At present, Anil Ambani-led Reliance Group firm has 5.8 mtpa cement-making capacity. It has a 2 mtpa plant in Uttar Pradesh, 3 mtpa unit in Madhya Pradesh and 0.5 mtpa in Maharashtra. The company sells the building material in key cities of Maharashtra, Madhya Pradesh, Uttar Pradesh and Jharkhand.

Further, the company is planning to expand its presence in northern markets of India and Nepal.

Reliance Infrastructure is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.

 

Peers
Company Name CMP
NTPC 333.30
Tata Power 365.00
Adani Power 209.85
Power Grid Corpn. 269.10
Adani Energy Solut. 1373.75
View more..