OREANDA-NEWS. September 29, 2011. Reliance Infrastructure Ltd, today convened its Annual General Meeting in Mumbai. Addressing shareholders at the company's Annual General Meeting today, Mr Anil D Ambani, Chairman, Reliance Infrastructure said: "It gives me great pleasure to share how Reliance Infrastructure has transformed from an electricity distribution company to India's largest infrastructure company , in a short span of 5 years. Today we have an impressive portfolio of 27 projects and 20 of our projects will be revenue generating by FY 12.

Our company is playing a pivotal role in development of the country's infrastructure. The impetus from Government for Infrastructure sector opens huge opportunities for us. Of the envisaged USD  1 trillion investment allocated in 12th five year plan for Infrastructure, 60% will be for private infrastructure players."

Mr Ambani added :

• Owing to rapid execution, 20 projects out of 27 will generate revenue in FY12

•           Have strong balance sheet with consolidated networth of Rs 24,000 crore and conservative Debt : Equity of 0.55x - Enabling Company to support future growth

•           All projects have achieved financial closure

•           Touches life of over 35 million people/day across distribution, road & metro businesses

•           Huge growth opportunity with Prime Minister announcing USD  1 trillion investment in 12th five year plan. Of which, 60% would be from private players.

Road Business :

•           Developing 12 projects worth Rs 16,500 crore making RInfra as the largest private developer of roads in the country

•           4 projects are already generating revenue and another 7 would start generating revenue within 2012

•           Road projects are connecting urban centre such as Delhi-Agra, Bangalore-Chennai, Pune-Satara, Jaipur-Bikaner which ensure high traffic growth

Metro Business :

•           Reliance Metro Airport Link at Delhi is Operational.

o Completed in record time of 27 months since signing the concession agreement o First in India Airline check-in facility at stations o Fastest metro with speed of 135 kms/hr

•           Mumbai Metro Line I will commence the world class metro services by 2012

Cement :

•           Setting up 2 cement plants, with a capacity of 5 mn tons each in Maharashtra & MP

•           Aim to be amongst top 5 players

EPC Business :

•           Strong order book of Rs 28,000 crore; poised to undertake large power and infrastructure projects for the group

Power Distribution :

•           Distribution license of Mumbai renewed for the next 25 years. We are proud to be given an opportunity to continue serving 28 lakh Mumbaikars till 2036

•           Largest private distributor of power in the country - Distributes over 7,000 MW to 7.5 million customers including Mumbai & Delhi

•           AT&C losses in Delhi reduced from 55% to less than 20% in 8 years which is world record. This has resulted into saving of Rs 25,000 crore to Govt of Delhi

•           Mumbai & Delhi are only two cities in the country that receive reliable, uninterrupted and quality 24X7 power all round the year with no requirement of investors, generators or power stabilizers

Power Generation :

•           Owns 38% of RPower - Largest private sector power generation and fuel company in the country Power Transmission :

•           Developing 5 projects worth Rs 6,600 crore making RInfra as the largest private player in power transmission sector

•           First 1,500 kms transmission project comprising of 9 lines is part commissioned and have started generating revenue

Shareholder Activity :

•           Promoters have converted 226 lakhs warrants at Rs 925/share which increased the promoter holding to 48% and demonstrates promoter's confidence in the Company

•           Company have already bought back 38 lakh shares totaling Rs 207 crore

Reliance Infrastructure Limited

Reliance Infrastructure Ltd (RInfra) is the largest infrastructure company developing projects, through various Special Purpose Vehicles; in several high growth areas in Infrastructure sector i.e. Roads, Metro rail, Airports, etc. The Company is also leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution, EPC and Trading.

The Company is developing two metro rail projects in Mumbai and operating Airport Metro Express in Delhi with a total stretch of 66 Kms having 45 stations; awarded eleven road projects with total length of 970 Kms; operate and maintain five airports in Maharashtra.

RInfra generates 940 MW of power through its five power stations; distributes power to over 5.4 million consumers in Mumbai and Delhi; developing five transmission projects including first Independent Private Transmission project in India.

RInfra also provides Engineering, Procurement and Construction (EPC) for developing power & road projects and currently have an order book of about Rs. 28,000 crore.