Reliance Infrastructure soars as its SPV commences operations of Mumbai Metro

09 Jun 2014 Evaluate

Reliance Infrastructure is currently trading at Rs 808.70, up by 23.25 points or 2.96% from its previous closing of Rs. 785.45 on the BSE.

The scrip opened at Rs. 794.25 and has touched a high and low of Rs 819.80 and Rs 794.25 respectively. So far 549163 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 796.40 on 06-Jun-2014 and a 52 week low of Rs 308.00 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs 796.40 and Rs 694.05 respectively. The current market cap of the company is Rs 21319.28 crore.

The promoters holding in the company stood at 48.53%, while Institutions and Non-Institutions held 37.29% and 12.73% respectively.

Reliance Infrastructure (Rlnfra), part of the Reliance Group, through its Special Purpose Vehicle (SPV), Mumbai Metro One (MMOPL) has successfully commenced operations of Mumbai Metro on June 8, 2014.

The busy corridor is estimated to cater to over 7 lakh commuters per day in its first year of operations. To extend the world class travelling experience to Murnbaikars, a concessional and promotional fare of Rs 10 is being charged for the first 30 days, irrespective of the distance travelled on the Versova-Andheri-Ghatkopar (VAG) corridor, for a single one way trip between any two stations.

The initial fare has been fixed and notified as Rs 10, Rs 20, Rs 30 and Rs 40. The 11.40 km long Mumbai Metro One corridor, providing connectivity between Versova (Western Mumbai) and Ghatkopar (Eastern Mumbai), reduces travel time from 90 minutes to 21 minutes. MMOPL would run the service between 5.30 am and 12 midnight on every working day at a frequency of four minutes during peak hours and eight minutes during non-peak hours.

 

Reliance Infra Share Price

191.10 -1.60 (-0.83%)
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