| Reliance Infrastructure Limited | |
| Type: | Public |
| Predecessor: | Bombay Suburban Electric Supply Limited |
| Founded: | as Bombay Suburban Electric Supply Limited |
| Hq Location: | DAKC |
| Hq Location City: | Navi Mumbai |
| Hq Location Country: | India |
| Revenue Year: | 2022 |
| Income Year: | 2022 |
| Net Income Year: | 2022 |
| Assets Year: | 2022 |
| Equity Year: | 2022 |
| Num Employees: | 5,400+ |
| Num Employees Year: | 2021 |
| Parent: | Reliance Anil Dhirubhai Ambani Group |
| Footnotes: | [1] [2] |
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.[3] It is part of the Reliance Anil Dhirubhai Ambani 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.[4] 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 and Reliance Naval and Engineering Limited.
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. 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,[5] ₹3,647 crore Uppur Thermal Power Project, ₹1,881 crore National Highway projects from NHAI in Bihar & Jharkhand,[6] ₹1,585 crore Mumbai Metro Line-4 project,[7] ₹1,081 crore Kudankulam Nuclear Power Plant project[8] 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.[9] BSES was originally founded in October 1929.
In April 2008, Reliance Energy Limited changed its name to Reliance Infrastructure Limited.[10] [11] 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).[12] In 2011, it was announced that the company was planning to buy out licences to build road projects from companies unable to do so.[13]
In September 2018, at a time of financial stress, R-Infra sold its power transmission business in Mumbai to Adani Electricity Mumbai Limited for .[14]
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 km2.
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.[15]
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.[16]
One of the three metro lines in this phase was awarded to a consortium led by R-Infra. The other two lines were awarded to other parties. Mumbai Metro One Pvt Ltd, which is a consortium of R-Infra, Veolia Transport, and Mumbai Metropolitan Region Development Authority (MMRDA) secured the contract for the Versova-Andheri-Ghatkopar section. Mumbai Metro I is operational.[17] The project will be implemented on a Build-Operate-Transfer basis, where the consortium will collect revenue for 35 years and then hand over the infrastructure to the government.[18]
The contracts for three "packages" (18 stations) have been awarded to a consortium led by R-Infra, but apparently, the contract does not include the laying of any tracks. The total length of Line-4 is 32.32 km (20.08 mi) with 32 stations, and the line will connect Wadala to Kasarvadavali via Ghatkopar and Mulund. Out of this, the contract for constructing three "packages" (18 stations) has been awarded to the "Reliance-Astaldi Joint Venture." Construction began in June 2018 and is expected to be completed by 2021.
The Airport Express line of Delhi Metro connecting New Delhi railway station to Dwarka Sector-21 metro station, through the Indira Gandhi International Airport. It was opened to the public on 23 February 2011. It has 6 stations covering a length of 22.7 km. All six metro stations on the Orange line are called City Airport Terminals (CATs).
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 . 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.[19] 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.[22] [23] The consortium was also to toll the Bandra Worli Sea Link for 40 years.[24] In early 2012, the Municipal Corporation of Greater Mumbai proposed constructing a 35 km coastal road between Nariman Point and Kandivali.[25]
Reliance protested against this project as it claimed it would incur losses.[26] Subsequently, the Government of Maharashtra appointed a committee to look into the matter.[27] 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.[28] Afterwards, it was announced that the deal was canceled as the mediation report stated that it was impossible to build.[29]
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[30] including Reliance Defence, Dassault Reliance Aerospace, BSES Rajdhani Power, BSES Yamuna Power, BSES Kerala Power, Reliance Naval Systems, 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.