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Reliance Infrastructure gets nod for scheme of merger

04 Dec 2013 Evaluate

Reliance Infrastructure’s board of directors at its meeting held on November 11, 2013, has approved a scheme of merger of Western Region Transmission (Gujarat) (WRTGL) and Western Region Transmission (Maharashtra) (WRTML), wholly owned subsidiaries of Reliance Infrastructure (Rlnfra) with RInfra, subject to requisite approvals.

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.

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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