Reliance Infra climbs on commissioning double circuit transmission line in Gujarat

Reliance Infra is currently trading at Rs. 414.45, up by 4.05 points or 0.99% from its previous closing of Rs. 410.40 on the BSE.

The scrip opened at Rs. 409.00 and has touched a high and low of Rs. 415.00 and Rs. 402.95 respectively. So far 118250 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,087.00 on 15-Oct-2010 and a 52 week low of Rs. 366.30 on 03-Oct-2011.

Last one week high and low of the scrip stood at Rs. 464.00 and Rs. 401.00 respectively. The current market cap of the company is Rs. 10802.40 crore.

The promoters holding in the company stood at 48.40% while Institutions and Non-Institutions held 36.06% and 14.94% respectively. 

Reliance Infrastructure has commissioned another 400 kV Double Circuit Transmission line, between Ranchodpura (Vadavi) and Zerda (Kansari) in Gujarat. The 140 Kms long transmission line is part of the Western Regional System Strengthening (WRSS) project that will connect key business centers of Gujarat - like Disa, Patan and Kadi, and will boost the economic growth of the region. 

WRSS is India’s first ever 100% privately owned transmission project on Build, Own, Operate and Maintain (BOOM) basis having 1500Kms length, and executed at a cost of about Rs. 1,400 crore. The project was awarded to Reliance Infrastructure through tariff based International competitive bidding process.

Following the commissioning of the project, it would facilitate free flow of 4,000 MW from power rich Eastern Region to the power starved Western Region of the country and would benefit all constituent utilities in the Western Region. This would also immediately aid in relieving grid congestion presently being experienced in the entire Western Region.

RInfra’s wholly owned subsidiary, Reliance Power Transmission (RPTL) has already commissioned first four transmission lines of the project, viz. Solapur - Karad; Limdi - Ranchodpura, LILO under Lonikand -- Kalwa and Solapur -- Parali. All the transmission lines have been commissioned in record time and well before schedule.

At present, Reliance Infra is executing five transmission projects across the country with total outlay of over Rs. 6,600 crore.  The company owns two out of five Ultra Mega Transmission Projects awarded to private sector till date, making RInfra as the largest developer of transmission projects in private space.