Net profit of Reliance Infrastructure reported to Rs 4082.53 crore in the quarter ended September 2024 as against net loss of Rs 294.06 crore during the previous quarter ended September 2023. Sales rose 1.48% to Rs 7258.49 crore in the quarter ended September 2024 as against Rs 7152.55 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7258.497152.55 1 OPM %8.429.20 - PBDT226.35268.67 -16 PBT-128.79-118.30 -9 NP4082.53-294.06 LP Powered by Capital Market - Live

Reliance Infrastructure will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

Reliance Infrastructure today announced setting up of the largest Integrated project for manufacturing of explosives, ammunition and small arms in Ratnagiri, Maharashtra. The company has been allotted 1000 acres of land in Watad Industrial Area of Ratnagiri, Maharashtra to develop Dhirubhai Ambani Defence City (DADC). DADC will be the largest greenfield project in defence sector in India by any private sector company. Reliance Infrastructure will invest over Rs. 10,000 crore over the next 10 years. Reliance Infrastructure through its subsidiaries has exported defence equipment worth more than Rs. 1,000 crore over a period of time. Reliance Infrastructure's wholly owned subsidiaries Jai Armaments and Reliance Defence already have license from Govt of India for manufacturing of arms and ammunitionPowered by Capital Market - Live

Reliance Infrastructure will hold a meeting of the Board of Directors of the Company on 1 October 2024.Powered by Capital Market - Live

The domestic equity indices ended at a record high level on Friday, rising for the second day in a row. The Nifty closed above the 25,750 mark. Barring the Nifty PSU Bank index, all the other sectoral indices on the NSE ended in the green. As per provisional closing, the S&P BSE Sensex, climbed 1,359.51 points or 1.63% to 84,544.31. The Nifty 50 index advanced 375.15 points or 1.48% to 25,790.95. The Sensex and Nifty clocked an all-time high of 84,694.46 and 25,849.25, respectively in afternoon trade. Further, the Nifty Bank also hit a life high of 54,066.10. In the broader market, the S&P BSE Mid-Cap index added 1.16% and the S&P BSE Small-Cap index advanced 1.37%. The market breadth was strong. On the BSE, 2,452 shares rose and 1,494 shares fell. A total of 113 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 2.24% to 12.75. Buzzing Index: The Nifty Realty index gained 3.05% to 1,101.60. The index advanced 3.55% in two consecutive trading sessions. Macrotech Developers (up 7.96%), Sobha (up 7.66%), Phoenix Mills (up 5.85%), DLF (up 3.54%) and Godrej Properties (up 3.17%), Sunteck Realty (up 2.13%), Oberoi Realty (up 0.78%), Mahindra Lifespace Developers (up 0.54%), Brigade Enterprises (up 0.53%) edged higher. Stocks in Spotlight: Reliance Infrastructure zoomed 10.92% after the company informed that its board has approved raising of funds up to Rs 3,000 crore through qualified institutional placement (QIP) and upto Rs 3,014.40 crore through preferential allotment, aggregating to Rs 6,014.40 crore. Power Grid Corporation of India advanced 1.58% after the company said that it has declared a successful bidder for establishing an inter-state transmission system the Khavda project in Gujarat. IIFL Finance surged 6.16% after the Reserve Bank of India (RBI) has lifted the restrictions imposed on the gold loan business of the company. Tata Consultancy Services (TCS) shed 0.27%. The company announced that it has launched a new delivery centre in Warsaw and expanding its operations in Poland. Indostar Capital Finance jumped 5.42% after the company announced that its board has approved the sale of IndoStar Home Finance to WITKOPEEND B.V. for Rs 1,750 crore on a fully diluted basis. Patel Engineering advanced 2.56% after the company announced that it has been declared as lowest bidder (L1) for a hydropower project of Rs 240.02 crore from NHPC. Torrent Pharmaceuticals gained 3.23% after the company announced that the United States Food and Drug Administration (USFDA) conducted a routine good manufacturing practices (GMP) inspection at its formulation manufacturing facility located in Pithampur, Madhya Pradesh. Abbott India added 0.85%. The company said that it has signed a non-exclusive patent license agreement with Takeda Pharmaceuticals Company to commercialize Vonoprazan, a novel molecule in the gastrointestinal therapy area, under the brand name Vonefi. Global Markets: European markets tumbled on Friday as investors assessed a series of central bank rate decisions made throughout the week and their implications for the global economy. Asian stocks ended higher on Friday after Wall Street soared overnight following the Federal Reserve's outsized rate cut. Bank of Japan keeps key interest rate steady as it treads cautiously on normalizing policy. The Bank of Japan kept its benchmark interest rate steady at 'around 0.25%', the highest rate since 2008 at the conclusion of a two-day meeting Friday. Japan's economy has recovered moderately, the central bank said in its official statement, while acknowledging 'some weakness has been seen in part.' BOJ said the country's core inflation rate, which strips out fresh food prices will rise through fiscal year 2025. Japan's Core CPI, excluding volatile fresh food prices, increased by 2.8% year-on-year in August, reaching a 10-month high. This figure was in line with expectations and up from the 2.7% recorded in the previous month. A core reading that excludes both fresh food and energy prices, closely watched by the BOJ as a gauge of underlying inflation, rose to 2% in August from 1.9% in the prior month. Headline CPI inflation reached a 10-month high of 3% in August, up from 2.8% in the previous month. In China, the central bank maintained its benchmark lending rates, disappointing hopes for immediate policy support to bolster its struggling economy. China also kept its key lending rates steady, with the one-year loan prime rate at 3.35% and the five-year LPR at 3.85%. US stocks surged to new all-time highs on Thursday, as markets welcomed the Federal Reserve's aggressive interest rate cut to protect the labor market. The S&P 500 gained 1.7%, reaching 5,713.64, while the tech-heavy Nasdaq Composite Index jumped 2.5% to 18,013.98. The Fed on Wednesday reduced its key lending rate by 0.50%, opting for a larger cut after considering a quarter-point move.Powered by Capital Market - Live

The key equity indices traded with minor gains in early trade. The Nifty traded a tad above the 25,500 level. Metal, realty and PSU bank shares advanced while consumer durables and media shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex, added 224.04 points or 0.28% to 83,420.61. The Nifty 50 index rose 62.35 points or 0.25% to 25,500.65. In the broader market, the S&P BSE Mid-Cap index added 0.19% and the S&P BSE Small-Cap index rose 0.32%. The market breadth was strong. On the BSE, 1,929 shares rose and 641 shares fell. A total of 111 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 2,547.53 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,012.86 crore in the Indian equity market on 19 September 2024, provisional data showed. Stocks in Spotlight: Reliance Infrastructure rallied 4.44% after the company informed that its board has approved raising of funds up to Rs 3,000 crore through qualified institutional placement (QIP) and upto Rs 3,014.40 crore through preferential allotment, aggregating to Rs 6,014.40 crore. NTPC fell 0.11%. The company received investment approval for Darlipali Project at an estimated cost of Rs 11,131 crore and received investment approval for Sipat project at an estimated cost of Rs 9,791 crore. Power Grid Corporation of India rose 0.30%. The company said that it has been declared as a successful bidder for establishing an inter-state transmission system the Khavda project in Gujarat. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.67% to 6.871 as compared with previous close 6.869. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.5725, compared with its close of 83.6575 during the previous trading session. MCX Gold futures for 4 October 2024 settlement rose 0.06% to Rs 73,482. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was fell 0.08% to 100.53. The United States 10-year bond yield declined 0.77% to 3.721. In the commodities market, Brent crude for November 2024 settlement lost 12 cents or 0.16% to $74.76 a barrel. Global Markets: Asian stocks traded higher on Friday, following a significant interest rate cut in the United States the previous day. The yen remained volatile ahead of a Bank of Japan monetary policy decision, as traders anticipated clues about potential tightening. Japan's consumer price index inflation rose as expected in August, reflecting increased consumption driven by higher wages. This reading came just before the Bank of Japan's meeting later that day. Core CPI, excluding volatile fresh food prices, increased by 2.8% year-on-year in August, reaching a 10-month high. This figure was in line with expectations and up from the 2.7% recorded in the previous month. A core reading that excludes both fresh food and energy prices, closely watched by the BOJ as a gauge of underlying inflation, rose to 2% in August from 1.9% in the prior month. Headline CPI inflation reached a 10-month high of 3% in August, up from 2.8% in the previous month. In China, the central bank maintained its benchmark lending rates, disappointing hopes for immediate policy support to bolster its struggling economy. US stocks surged to new all-time highs on Thursday, as markets welcomed the Federal Reserve's aggressive interest rate cut to protect the labor market. The S&P 500 gained 1.7%, reaching 5,713.64, while the tech-heavy Nasdaq Composite Index jumped 2.5% to 18,013.98. The Fed on Wednesday reduced its key lending rate by 0.50%, opting for a larger cut after considering a quarter-point move. Powered by Capital Market - Live

Reliance Infrastructure announced that Surinder Singh Kohli ceases to be the Independent Director of the company on completion of his second tenure with effect from 19 September 2024. Powered by Capital Market - Live

The company will issue of up to 12.56 crore equity shares and/or warrants convertible into equity shares at an issue price of Rs 240 and/or warrant, aggregating Rs 3,014.40 crore via preferential allotment. Further, the board has approved raising of funds up to Rs 3,000 crore through issue of equity shares or any other eligible securities to qualified institutional buyers by way of QIP, subject to members' approval. Reliance-Infra is an infrastructure company, developing projects through various special purpose vehicles (SPVs) in several high growth sectors such as power, roads, metro rail and airport in the infrastructure space and in the defence sector. On a consolidated basis, the company reported net loss of Rs 233.74 crore in Q1 FY25 as against net loss of Rs 672.86 crore in Q1 FY24. Net sales jumped 29.3% to Rs 7,192.83 crore in June 2024 quarter. The scrip rose 0.71% to close at Rs 284.75 on Thursday, 19 September 2024.Powered by Capital Market - Live

The headline equity benchmarks traded with modest gains in early afternoon trade. The Nifty scaled above the 25,450 mark after hitting the day's low of 25,380.80 in morning trade. Private bank shares extended gains for the fifth consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex was up 215.93 points or 0.26% to 83,304.57. The Nifty 50 index rose 58.55 points or 0.23% to 25,477.10. The Sensex and Nifty clocked an all-time high of 83,315.93 and 25,481.60, respectively in early afternoon trade. In the broader market, the S&P BSE Mid-Cap index fell 0.33% and the S&P BSE Small-Cap index declined 0.15%. The market breadth was negative. On the BSE, 1,745 shares rose and 2,103 shares fell. A total of 124 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, gained 3.33% to 13.01. The Nifty 26 September 2024 futures were trading at 25,500.80, at a premium of 23.70 points as compared with the spot at 25,477.10. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 47 lakh contracts at the 25,000 strike price. Maximum Put OI of 114.2 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Private Bank index rose 1.08% to 26,532.90. The index rallied 3.68% in five consecutive trading sessions. Bandhan Bank (up 2.35%), HDFC Bank (up 1.58%), ICICI Bank (up 1.29%), IndusInd Bank (up 1.02%), Federal Bank (up 0.91%), Axis Bank (up 0.7%), Kotak Mahindra Bank (up 0.35%), RBL Bank (up 0.34%) and City Union Bank (up 0.04%) advanced. Stocks in Spotlight: Reliance Infrastructure rallied 5.22% after the company announced significant progress in settling its outstanding debts from Rs 3,831 crore to Rs 475 crore. Ceigall India jumped 5.10% after the company said that it has emerged as lowest bidder (L1) for two projects in Uttar Pradesh for an aggregate value of Rs 2,498.5 crore. Vishnu Chemicals shed 0.29%. The company announced that it has resumed operations at Visakhapatnam plant, which was stopped for scheduled maintenance.Powered by Capital Market - Live

Reliance Infrastructure announced the settlement of disputes with Adani Electricity Mumbai and Adani Energy Solutions. There is no monetary consideration exchanged between the parties. The parties have agreed to withdraw arbitration claims against each other. As the claims and counterclaims are contingent, there is no impact on the financial position of the Company.Powered by Capital Market - Live