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Reliance Infra rises on the buzz of plan to sell its cement business

05 Nov 2015 Evaluate

Reliance Infrastructure is currently trading at Rs. 400.45, up by 1.40 points or 0.35% from its previous closing of Rs. 399.05 on the BSE.

The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 403.30 and Rs. 396.30 respectively. So far 87057 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. 410.35 and Rs. 377.25 respectively. The current market cap of the company is Rs. 10524.86 crore.

The promoters holding in the company stood at 48.53% while Institutions and Non-Institutions held 35.60% and 13.09% respectively.

Reliance Infrastructure is reportedly planning to sell its cement business. In this regard, the company has short listed seven potential buyers from a total of 15 parties that had submitted preliminary expressions of interest.

The company’s promoters are hoping an enterprise valuation of Rs 5,500-6,000 crore for the business. The cement business, which has an annual production of capacity of 5.6 million tonnes, had incurred a loss of Rs 39 crore in the June quarter.

Moreover, the company is planning to monetize its roads business. The roads business comprises 11 revenue-generating projects of about 1,000 km across seven states. The roads business has attracted preliminary interest from strategic and portfolio institutional investors in India and overseas.

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.

Reliance Infra Share Price

87.48 0.00 (0.00%)
13-Apr-2026 16:59 View Price Chart
Peers
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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