Reliance Infrastructure


Reliance Infrastructure Limited, formerly Reliance Energy Limited and Bombay Suburban Electric Supply, is an Indian private sector enterprise involved in power generation, infrastructure, construction and defence. 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. 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 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. 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.

History

The predecessor company, Reliance Energy Limited, came into existence when it took over an 83-year-old government undertaking, the Bombay Suburban Electric Supply in 2002. BSES was originally founded in October 1929. In September 2018, at a time of financial stress, R-Infra sold its power transmission business in Mumbai to Adani Electricity Mumbai Limited for Rs. 18,800 crores.
Meanwhile, in April 2008, Reliance Energy Limited had changed its name to Reliance Infrastructure Limited. The company entered the road building industry in 2006 with two National Highway projects in Tamil Nadu, both sections of National Highway 44. In 2011, it was announced that the company was planning to buy out licences to build road projects from companies unable to do so.

BSES Delhi

Till 2002, the Delhi Vidyut Board used to supply electricity to NCT of Delhi, except areas of Lutyens and Cantonment which were & are still catered by New Delhi Municipal Council and Military Engineer Services respectively. The same year in July, DVB was unbundled and was split into 3 distribution companies namely, BSES Rajdhani Power Limited, BSES Yamuna Power Limited & North Delhi Power Limited. 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 sq. km.

Transportation

Airports

Reliance Infrastructure with its subsidiary company, Reliance Airport Developers Limited 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 2019, the company received a contract from the Airports Authority of India worth Rs. 648 crores for the construction of Rajkot Greenfield Airport at Hirasar in Rajkot district of Gujarat state.

Metro projects

Reliance Infrastructure is the largest concessionaire of the National Highways Authority of India, 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 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 scrap 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 scrapped as the mediation report stated that it was impossible to build.

Power Projects

EPC Contracts

Projects where the Engineering-Procurement-Construction contract was awarded to Reliance Infrastructure Limited:
Projects where the Balance of Plant contract was awarded to Reliance Infrastructure Limited:
In December 2019, Reliance Infrastructure has won an arbitration award of Rs 1,250 crore against Damodar Valley Corporation. Reliance Infrastructure was the engineering and construction contractor for DVC's 1200 MW Raghunathpur thermal power project in West Bengal commissioned in 2012.

Defence

As of March 2019, Reliance Infrastructure Limited has 60 subsidiaries 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, Reliance Helicopters etc.