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Reliance Infra trades higher on the bourses

10 Apr 2013 Evaluate

Reliance Infrastructure is currently trading at Rs. 331.90, up by 2.90 points or 0.88% from its previous closing of Rs. 329.00 on the BSE.

The scrip opened at Rs. 332.00 and has touched a high and low of Rs. 333.25 and Rs. 321.80 respectively. So far 609113 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 593.80 on 18-Apr-2012 and a 52 week low of Rs. 315.00 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 363.50 and Rs. 326.00 respectively. The current market cap of the company is Rs. 8516.93 crore.

The promoters holding in the company stood at 48.53% while Institutions and Non-Institutions held 36.62% and 14.30% respectively.

Reliance Infrastructure (RInfra) has agreed to rework the power tariff with the Goa government after the latter decided to stop power purchase due to high cost. Revising its tariff, the company, will now supply power at Rs 8.58 per unit instead of the existing average rate of Rs 13.53 per unit. This move would save the State a sum of Rs 57 crore. Meanwhile, Goa government, also readily accepted the offer as discontinuation of power purchase would affect the company’s 73 consumers (industrial units), including Mormugao Port Trust.

The State Government, earlier on the floor of the House, had assured stopping purchase of power from the Reliance Group company from April 1, 2013, onwards to save the exchequer a large financial burden. Company’s plant at Sancoale industrial estate generates 48 MW power, of which 19.8 MW is purchased by the State Government, while the balance is allowed to be sold to approved consumers.

Reliance Infrast. Share Price

63.61 0.00 (0.00%)
20-Jul-2026 16:59 View Price Chart
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