Reliance Infrastructure is currently trading at Rs. 496.75, up by 3.25 points or 0.66% from its previous closing of Rs. 493.50 on the BSE.
The scrip opened at Rs. 493.40 and has touched a high and low of Rs. 498.25 and Rs. 493.40 respectively. So far 25,000 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. 426.45 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 506.00 and Rs. 476.20 respectively. The current market cap of the company is Rs. 13,064.00 crore.
The promoters holding in the company stood at 49.63%, while Institutions and Non-Institutions held 37.87% and 12.51% respectively.
Reliance Infrastructure’s wholly owned subsidiary -- Reliance Defence has signed a Memorandum of Understanding (MoU) with Daher Aerospace, France, a leading supplier of integrated systems for Aerospace and Advanced Technologies. This offers a great opportunity for both the companies to work together for aerospace composites parts manufacturer. There is an increasing demand in aerospace sector for the composite components.
With this MOU, Reliance Defence envisages a strategic partnership with Daher with aim to jointly explore opportunities in design and manufacture of composite parts; design and build welded ducts, metal conduits, swaged pipes and cable harness supports; aerostructure components, integrated logistics, airframes/ assemblies and related industrial activities.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.
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