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Construction & Infrastructure News

Infra companies provided with Rs 4,500 crore irregular tax benefits

November 2016

As reported, Government auditor Comptroller and Auditor General (CAG) has revealed that the Income Tax Department has provided irregular tax benefits...

CAG, Income Tax Department, JSW Energy, Tata Power, Reliance Infrastructure, Gujarat Fluro Chemicals, CBDT, Revenue Department, Infrastructure, Infra companies

Reliance Infra profit rises 7% to Rs 439 crore

September 2016

Reliance Infrastructure (R-Infra) has reported a 7.2 per cent rise in its net profit for the April-June quarter, on the back of lower expenses. The c...

Reliance Infrastructure, Power Distribution, Transmission, EPC

BIG BIDDER

September 2016

Harsh Lodha, Chairman, Birla Corp, has cracked the ´important transaction´ in the company´s history. The company has acquired Reliance Infrastructure...

Harsh Lodha, Important transaction, Birla Corp, Reliance Infrastructure Cement

Brookfield to buy out RInfra´ road assets

August 2016

Brookfield, the world´s second biggest manager of alternative assets like real estate and private equity from Canada, has emerged as the frontrunner ...

Brookfield, Real estate, Private equity, Reliance Infrastructure, Canada

Rel Infra looks to divest toll road assets by Sept

June 2016

The Anil Ambani-led Reliance Infrastructure Ltd. is contemplating selling its 11 toll road assets to an overseas buyer for $1.5 billion. The company ...

Anil Ambani, Reliance Infrastructure Ltd, Birla Corp, Public Sector Pension Investment Board, Canadian fund

Reliance Infra to de-merge REGSPL for Rs.6,282.50 crore

April 2016

Reliance Infrastructure has announced the de-merger of certain power generation and supply businesses in Mumbai, Goa and Andhra Pradesh into a subsid...

Reliance Infrastructure, Certain power generation, REGSPL, Shareholders, Creditors, Goa power station, Distribution

Birla Corp seals Rs.4,800 Cr cement deal with Reliance Infra

March 2016

Reliance Infrastructure has sold its cement subsidiary to Birla Corp for Rs 4,800 crore at a valuation of $140 a tonne. ...

Reliance Infrastructure, Cement, Birla Corp

Birla Corp front runner to buy Anil Ambani´s cement business in Rs.5,000 cr deal

February 2016

Birla Corp has emerged as the front runner to acquire Anil Ambani´s cement business, a wholly-owned arm of flagship Reliance Infrastructure...

Birla Corp, Anil Ambani, Cement, Reliance Infrastructure, Reliance Group
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