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Reliance Energy Ltd has informed BSE that the Board of Directors of the Company has decided to change the name of the Company to "Reliance Infrastructure Ltd", subject to the approval of shareholders and compliance with related formalities.In

Reliance Energy to decide buyback on March (The Hindu Business Line 26th Feb 2008)Reliance Energy Ltd said on Tuesday that the company’s board would consider buyback of shares at a meeting to be held on March 5. A company official said that the company was having cash reserves of over Rs 10,000 crore and the stock was undervalued and, therefore, it was decided to take the ‘buyback’ route. It could invest between Rs 1,000 crore and Rs 2,500 crore, he said. An analyst on condition of anonymity said that the reason for the company to opt for a buyback was ‘illogical and beyond comprehension’. Today the company is opting for a buyback, but in December 2007, the company had opted for Rs 8,000-crore equity capital infusion through a preferential offer. There is incongruity in these two actions, the analyst said. Reliance Energy Ltd, in a December 3 notice to the BSE, had said that company was opting for capital infusion so as to participate in large-scale infrastructure projects, which will ...

Reliance Energy Ltd said on Tuesday its board would meet on March 5 to consider a share buyback.

REL gets Mumbai trans-harbour project (Business Standard 21th Feb 2108)A consortium of Anil Dhirubhai Ambani Group (ADAG) company Reliance Eenergy has bagged the construction contract for the Mumbai trans-harbour link between Sewri in Mumbai and Nava-Sheva across the creek in Navi Mumbai beating a consortium led by Mukesh Ambani.Sources said the REL-Hyundai combine quoted a lower concession period for the build,operate and transfer (BOT) project of nine years and 11 months as against 75 years quoted by the Mukesh Ambani-controlled Sea King Infrastructure.Phase-I of the project will comprise a six-lane dual carriageway linking Nhava to Sewri and Phase-II, which is expected to be added in 2015 -18, will consist of a double track rail link that will run parallel to the road link on the north side. More

Reliance Industries - Q3 net doubled at Rs 8,079 cr Reliance Industries Ltd has recorded a net profit of Rs 8,079 crore for the quarter ended December 31, 2007 as compared to Rs 3,081 crore for the quarter ended December 2006. Total revenues for the quarter has increased to Rs 34,831 crore from Rs 28,315 crore in the year-ago period. Reliance Energy - Q3 net Rs 301.60 cr Reliance Energy Ltd has posted a net profit of Rs 301.60 crore for the third quarter ended December 2007 as compared to Rs 201.03 crore made during the same quarter in 2006. Total income for the quarter has increased to Rs 1,853.41 crore from Rs 1,820.43 crore reported in the year-ago period.

Reliance Energy looks expensive: Dhawan (CNBC TV18, Moneycontrol.com 9th Jan 2008)Sajiv Dhawan of JV Capital Services is of the view that Reliance Energy is looking expensive. Dhawan told CNBC-TV18, "Reliance Energy looks expensive. If it even slips 10% you’d see buying interest. I remember just a few months ago, we were recommending it at Rs 800. The target has been smashed by almost 4 times. There still is enough retail and investor appetite at current levels. So valuations may be slightly justified if you are taking a very long-term call. But on the short-term for sure the stock seems overpriced." More

Reliance Energy, GMR only Indian cos on Singapore’s Tuas shortlist (The Economic Times 8th Jan 2008) The Anil Ambani-controlled Reliance Energy and the infrastructure major GMR Infrastructure are the only Indian firms shortlisted for buying the $2 billion Tuas Power, owned by Singapore’s state investor Temasek Holdings. Three local companies, including Tata Power, had submitted non-binding bids in December 2007. Temasek plans to complete the bid by June 2009. More