How it started
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 (BSES) in 2002. BSES was originally founded in October 1929.
In April 2008, Reliance Energy Limited changed its name to Reliance Infrastructure Limited. 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). In 2011, it was announced that the company was planning to buy out licences to build road projects from companies unable to do so.
In September 2018, at a time of financial stress, R-Infra sold its power transmission business in Mumbai to Adani Electricity Mumbai Limited for ₹18,800 crore (equivalent to ₹270 billion or US$2.9 billion in 2026).
In October 2024, Reliance Infrastructure board has approved raising of $350 million (Rs 2,930 crore) through ultra-low cost 10-year maturity unsecured foreign currency convertible bonds (FCCBs). The board also approved the employees stock option scheme (ESOPs), which will provide a grant of up to 26 million equity shares of value of over Rs 850 crore.
From Wikipedia’s article on Reliance Infrastructure, shared under CC BY-SA 4.0.3