Reliance Infrastructure is currently trading at Rs. 341.85, up by 4.90 points or 1.45% from its previous closing of Rs. 336.95 on the BSE.
The scrip opened at Rs. 337.10 and has touched a high and low of Rs. 348.45 and Rs. 337.10 respectively. So far 186282 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 671.50 on 19-Nov-2014 and a 52 week low of Rs. 282.20 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 349.75 and Rs. 322.00 respectively. The current market cap of the company is Rs. 9049.49 crore.
The promoters holding in the company stood at 48.53% while Institutions and Non-Institutions held 36.12% and 13.14% respectively.
Reliance Infrastructure’s wholly owned subsidiary - Reliance Defence (RDL) has signed a strategic Memorandum of Understanding (MOU) with Emirates Defence Industries (EDIC), a leading integrated Defence Company in the United Arab Emirates, and the premier partner for manufacturing, services, knowledge transfer and technology development from the UAE.
RDL and EDIC have agreed to jointly explore the opportunity for manufacturing and building capabilities in Defense Vehicles, Aviation and associated areas, Defence equipment and armament manufacturing, Defence Electronics, Commercial and Naval Ships, MRO of Military Equipment/Platforms.
The partnership will explore the opportunity in the UAE defense industry which has many capital expenditures but the costs for setting up facilities, recruiting and developing scientists and engineers are high. The partnership will aim at bringing synergy to bring down operational costs and leverage each others’ capabilities.
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.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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