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Reliance Infra gains with arm inking MoU with Strata

16 Feb 2017 Evaluate

Reliance Infrastructure is currently trading at Rs. 548.25, up by 6.70 points or 1.24% from its previous closing of Rs. 541.55 on the BSE.

The scrip opened at Rs. 541.80 and has touched a high and low of Rs. 553.00 and Rs. 540.00 respectively. So far 150196 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 635.35 on 09-Sep-2016 and a 52 week low of Rs. 394.25 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 566.90 and Rs. 523.80 respectively. The current market cap of the company is Rs. 14431.58 crore.

The promoters holding in the company stood at 49.65%, while Institutions and Non-Institutions held 37.56% and 12.80% respectively.

Reliance Infrastructure’s wholly owned subsidiary - Reliance Defence (RDL), has signed a Memorandum of Understanding (MoU) with Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing company, wholly owned by Mubadala Development Company, United Arab Emirates (UAE), to collaborate on advanced aerospace manufacturing capabilities between India and the UAE.

The potential partnership, which follows extensive discussions between the two companies, will look at opportunities in the production of Carbon Fibre Composites Aerostructures, Prepegs as well as 3D printing of aerospace components and airframe panels. This collaboration is in line with Strata’s vision to become one of the top aerospace companies globally.

The Dhirubhai Ambani Aerospace Park, located at the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN), is being considered by Reliance Defence for a new facility to support its aerospace ambitions, and forms part of the emerging aerospace industry in India.

Reliance Infra Share Price

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