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Reliance Energy

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Reliance Energy

Reliance Infrastructure Ltd
Public company
Traded as
Industry Utilities (energy)
Founded 2002
Headquarters Mumbai, India
Key people Anil Ambani
(Chairman)
Products electrical power
natural gas
Services Electricity generation and distribution
natural gas exploration, production, transportation and distribution
Revenue Increase INR179.06 billion () (2012)[1]
Net income Increase INR20 billion () (2012)[1]
Total assets Increase INR340.18 billion () (2011)[2]
Employees 8,988 (2011)[1]
Parent Reliance Anil Dhirubhai Ambani Group
Website

Reliance Infrastructure Ltd., formerly known as Reliance Energy and before that as Bombay Suburban Electric Supply (BSES), is India's largest private sector enterprise power utility.[3] It is part of the Reliance Anil Dhirubhai Ambani Group, one of India's largest conglomerates. The company is headed by Anil Ambani. The corporate headquarters is in Mumbai.[2] The company is the sole distributor of electricity to consumers in the suburbs of Mumbai. It also runs power generation, transmission and distribution businesses in other parts of Maharashtra, Goa and Andhra Pradesh.

History

Reliance Energy came into existence when it took over BSES in 2002. In April 2008, Reliance Energy changed its name to Reliance Infrastructure.[4][5]

Metro Rail


Mumbai Metro – I

The landmark project is one of the first steps in restructuring Mumbai.[6] Phase I will be implemented on a Build-Operate-Transfer basis for 35 years. The phase includes construction of three metro lines. A consortium led by Anil Dhirubhai Ambani Group's Reliance Energy Ltd (REL) along with Veolia Transport Co. with Mumbai Metropolitan Region Development Authority (MMRDA); Mumbai Metro One Pvt Ltd bagged the contract for the INR23.56 billion () Versova-Andheri-Ghatkopar corridor will be built by Mumbai Metro – I consortium and INR110 billion () CharkopBandraMankhurd will be built as Mumbai Metro II consortium.[7] Work has already begun on Mumbai Metro – I, which should be completed by March 2013.[8]

Mumbai Metro – II

The 32-km corridor Mumbai Metro- II, conceived as a fully elevated project with 27 stations, will link Navi Mumbai and the western suburbs with Charkop in the north to Bandra and then to Mankhurd in the East.[9]

Delhi Airport Metro Express

The DAMEL Delhi Airport Metro Express is a Metro line linking New Delhi Metro Station to Indira Gandhi International Airport.

Airports

Reliance Infra is constructing five airports in Maharashtra. The company is bidding for new airport projects throughout India and Asia. The five airports in Maharashtara are as follows:

Bridges

Reliance Infrastructure and Hyundai Engineering, formed a joint venture to build the Worli-Haji Ali part of the Western Freeway.[10][11] The consortium was also to toll the Bandra Worli Sea Link for 40 years.[12] In early 2012, the Municipal Corporation of Greater Mumbai proposed constructing a 35 km coastal road between Nariman Point and Kandivali.[13]

Reliance protested against this project as it claimed it would incur losses.[14] Subsequently, the Government of Maharashtra appointed a committee to look into the matter.[15] Later, it was reported that the MSRDC was likely to scrap the deal with Reliance due to the latter not having started construction two years after signing the agreement.[16] Afterwards, it was announced that the deal was scrapped as the mediation report stated that it was impossible to build.[17]

Toll roads

Reliance Infrastructure entered the road building industry in 2006 with two National Highway projects in Tamil Nadu. The first was Namakkal to Karur and the second Dindigul to Samynellore, both on National Highway 44 (formerly National Highway 7).[18] In 2011, it was announced that the company was planning to buy out licences to build road projects from companies unable to do so.[19]

Reliance Infra is constructing 1000 km of highway and expressway projects worth INR120 billion () in India. The company is largest concessionaire to NHAI with 11 projects.The company is also bidding for 500 km of projects in India. There are five projects in Tamil Nadu out of which three are operational.[20] All the projects are on Build–operate–transfer mode of funding. The other projects include:

  • Hosur-Krishanagiri Road Project
  • Pune-Satara Road Project
  • Dindigul-Samyanellore Road Project
  • Namakkal-Karur Road Project
  • Trichy-Dindigul Road Project
  • Gurgaon-Faridabad Road project
  • Salem-Ulundurpet Road Project[21]
  • Trichy-Karur Road Project
  • Kandla-Mundra Road Project
  • Jaipur-Reengus Road project
  • Delhi-Agra Road Project[22]

Dadri & Sasan projects

Reliance Energy is constructing a 5500 MW gas generation power plant in the district of Dadri in the northern state of Uttar Pradesh. It is planned to be the single largest grassroot gas-fired generation plant in the world and solve much of the power supply shortages of northern India. The ADAG group was earlier in a bitter fight with Mukesh Ambani controlled Reliance Industries.[23] On 15 June 2009 the Mumbai High Court ruled in favour of Reliance Natural Gas Limited.

The Sasan project (Madhya Pradesh) is a 6 * 660 MW coal-fired power plant project currently under construction.

Other projects

Reliance Energy won on competitive bidding last year[which?] for 280 MW Urthing Sobla hydro power project in Uttarakhand. It has won two power projects totalling 1700 MW in Arunachal Pradesh.

See also

Companies portal

References

External links

  • Official website

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