Reliance Infrastructure

Reliance Infrastructure Limited (R-Infra), formerly Reliance Energy Limited (REL) and Bombay Suburban Electric Supply (BSES), is an Indian private sector enterprise involved in power generation, infrastructure, construction and defence. It is part of the Reliance Group. The company is headed by its chairman, Anil Ambani, and chief executive officer, Punit Narendra Garg (since 6 April 2019). The corporate headquarters is in Navi Mumbai. Reliance Infrastructure's interests are in the fields of power plants, metro rail, airports, bridges, toll roads, and defence. It is a major shareholder in the other group company, Reliance Power.
In Fortune India 500 list of 2019, Reliance Infrastructure was ranked as the 51st largest corporation in India with first rank in 'Infrastructure Development' category. As of March 2018, Reliance Infrastructure has 56 subsidiaries, 8 associate companies, and 2 joint-ventures. The EPC Business division of the company in 2018 has bagged various orders, including ₹7,000 crore Versova–Bandra Sea Link project, ₹3,647 crore Uppur Thermal Power Project, ₹1,881 crore National Highway projects from NHAI in Bihar & Jharkhand, ₹1,585 crore Mumbai Metro Line-4 project, ₹1,081 crore Kudankulam Nuclear Power Plant project and others.
The predecessor company, Reliance Energy Limited, came into existence when it took over an 83-year-old government undertaking, the Bombay Suburban Electric Supply (BSES) in 2002. BSES was originally founded in October 1929.
In April 2008, Reliance Energy Limited changed its name to Reliance Infrastructure Limited. The company entered the road building industry in 2006 with two National Highway projects in Tamil Nadu (Namakkal-Karur and Dindigul-Samayanallur), both sections of National Highway 44 (formerly NH 7). In 2011, it was announced that the company was planning to buy out licences to build road projects from companies unable to do so.
In September 2018, at a time of financial stress, R-Infra sold its power transmission business in Mumbai to Adani Electricity Mumbai Limited for ₹18,800 crore (equivalent to ₹250 billion or US$2.9 billion in 2023).
In October 2024, Reliance Infrastructure board has approved raising of $350 million (Rs 2,930 crore) through ultra-low cost 10-year maturity unsecured foreign currency convertible bonds (FCCBs). The board also approved the employees stock option scheme (ESOPs), which will provide a grant of up to 26 million equity shares of value of over Rs 850 crore.
Till 2002, the Delhi Vidyut Board (DVB) used to supply electricity to NCT of Delhi, except areas of Lutyens and Cantonment which were & are still catered by New Delhi Municipal Council (NDMC) and Military Engineer Services (MES) respectively. The same year in July, DVB was unbundled and was split into 3 distribution companies namely, BSES Rajdhani Power Limited (BRPL), BSES Yamuna Power Limited (BYPL) & Tata Power Delhi Distribution Limited (TPDDL). Both BRPL and BYPL are 51:49% joint venture between Reliance Infrastructure and Government of Delhi. Since then, BRPL supplies electricity to South & West Delhi covering an area of 750 sq. km. Similarly, BYPL supplies electricity to Central & East Delhi covering an area of around 200 km.
Reliance Infrastructure with its subsidiary company, Reliance Airport Developers Limited (RADL) operated five minor brownfield airports in various small towns of Maharashtra, viz. Nanded Airport, Latur Airport, Baramati Airport, Yavatmal Airport, and Osmanabad Airport. In March 2015, the Government of Maharashtra was looking at cancelling the agreements and taking back control of the airports due to slow progress.
In March 2019, the company received a contract from the Airports Authority of India (AAI) worth ₹ 648 crores (USD 92 million) for the construction of Rajkot Greenfield Airport at Hirasar in Rajkot district of Gujarat state.
Reliance Infrastructure is the largest concessionaire of the National Highways Authority of India (NHAI), having received as many as eleven contracts to build roads under the NHDP Phase-V. These eleven contracts involve constructing about 1,000 km of highway and expressway projects worth ₹120 billion (US$1.4 billion). All the projects are on Build–Operate–Transfer scheme of funding, where R-Infra is required to raise all its own funds and gets to collect tolls on the road for a period of thirty years. Three of the projects (all in Tamil Nadu) are already operational. The eleven projects are:
Reliance Infrastructure and Hyundai Engineering formed a joint venture to build the Worli-Haji Ali Sea Link, part of the Western Freeway. The consortium was also to toll the Bandra Worli Sea Link for 40 years. In early 2012, the Municipal Corporation of Greater Mumbai proposed constructing a 35 km coastal road between Nariman Point and Kandivali.
Reliance protested against this project as it claimed it would incur losses. Subsequently, the Government of Maharashtra appointed a committee to look into the matter. Later, it was reported that the MSRDC was likely to cancel the deal with Reliance due to the latter not having started construction two years after signing the agreement. Afterwards, it was announced that the deal was canceled as the mediation report stated that it was impossible to build.
Projects where the Engineering-Procurement-Construction (EPC) contract was awarded to Reliance Infrastructure Limited:
Projects where the Balance of Plant (BoP) contract was awarded to Reliance Infrastructure Limited:
As of March 2020, Reliance Infrastructure Limited has 58 subsidiaries including Reliance Defence, Dassault Reliance Aerospace, BSES Rajdhani Power, BSES Yamuna Power, BSES Kerala Power, Reliance Airport Developers, Mumbai Metro One, Reliance Sealink One, Delhi Airport Metro Express, Reliance Smart Cities, Thales Reliance Defence Systems, Reliance Power Transmission, Reliance Aerostructure and Reliance Helicopters.