About Reliance Infrastructure Limited

Reliance Infrastructure Limited (Reliance Infra) is one of India’s foremost infrastructure conglomerates. Incorporated in October 1929 under the Companies Act, 1913, the Company operates through a diversified network of Special Purpose Vehicles across power, roads, metro rail, airports and defence, with an engineering, procurement and construction (EPC) arm delivering turnkey solutions across power, transportation and infrastructure projects. Its equity shares are listed on BSE and NSE, and the registered office is at Reliance Centre, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001. The Board authorised the financial statements for the year ended March 31, 2025 on May 23, 2025. 

Geographically, the Company reports operations mainly within India, with the BRSR noting national operations across 7 States and presence in 1 international country; it reports 2 plants and 391 offices nationally. The Group’s portfolio includes developing and operating Mumbai Metro Line 1 on a BOOT model, in addition to operating and maintaining toll roads and airports. Reliance Infra has 67 subsidiaries (as listed in the BRSR), along with associates and a joint venture consolidated in the Group accounts. 

Reliance Infrastructure Limited Milestone

Key milestones include a long legacy since 1929 and the development and ongoing operation of Mumbai Metro One, a world-class mass transit system that has eased congestion and enhanced connectivity in Mumbai.

Reliance Infrastructure Limited’s Business Segments

• Power Distribution Business contributed 93.68% of the entity’s turnover (as per BRSR). The Group otherwise reports three business segments—Power, Engineering & Construction (E&C); and Infrastructure—and indicates that operations are mainly confined to India, with no material earnings from outside India.

Reliance Infrastructure Limited Key Management

• Punit Garg – Executive Director and Chief Executive Officer
• Vijesh Babu Thota – Executive Director & Chief Financial Officer
• Paresh Rathod – Company Secretary & Compliance Officer

Latest Updates on Reliance Infrastructure Limited

• Strategic Expansion: During the year, the Company incorporated a number of new subsidiaries in electric vehicles, batteries, green mobility and solar (including cell, module, wafer and ingot manufacturing), and an E&C business entity, reflecting a pivot to emerging clean-tech adjacencies. An associate company was also incorporated in Bhutan.
• Portfolio Changes: Certain legacy subsidiaries/associates were struck off during the year as disclosed in the Directors’ Report and notes to the Consolidated Financial Statements.
• Contract Development: On June 24, 2024, the National Highways Authority of India terminated the EPC contract for four-laning of the Vikravandi–Sethiyathope section (NH-45C) in Tamil Nadu, as disclosed in the financial statement notes.
• Capital and Financing: The Company allotted 12,56,00,000 share warrants during the year and repaid outstanding liabilities towards Non-Convertible Debentures, transferring the Debenture Redemption Reserve to General Reserve.
• Legal/Settlement Update: A mediation concluded before the Main Mediation Centre, Hon’ble Bombay High Court, under which the Company’s exposure to an EPC company stood reduced to Rs NIL; related consequential matters are detailed in the standalone audit qualification note.
• Investments: The Group’s shareholding in Reliance Power Limited stood at 23.18% at March 31, 2025 (carrying amount disclosed in the notes), with “stake increased during the year” noted in the reconciliation.