MoneyWorks4Me

RInfra Launches Online Voluntary Deposit Scheme for Mumbai Power Consumers

21 May 2013 Evaluate

Reliance Infrastructure (RInfra), India’s leading integrated infrastructure and power Company has launched Online Voluntary Deposit Scheme (VDS) for its power consumers in Mumbai. VDS will allow consumers to deposit money with RInfra that will be used every month to pay for their electricity bill. Consumers will also get 7% annualized interest rate on reducing balance, on their deposits.

Reliance Infrastructure is the largest infrastructure company developing projects, through various Special Purpose Vehicles; in several high growth areas in Infrastructure sector i.e. Roads, Metro Rail, Airports, etc. The Company is also leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution, EPC and Trading.

Peers
Company Name CMP
NTPC 333.30
Tata Power 365.00
Adani Power 209.85
Power Grid Corpn. 269.10
Adani Energy Solut. 1373.75
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