OREANDA-NEWS. Reliance Infrastructure Limited (RInfra) announced its un-audited financial results for the quarter ended June 30, 2013. The highlights are:

Consolidated - Quarter ended June 30, 2013

Total Operating Income of ‘ 5,452 crore (USD 918 million), against ‘ 5,383 crore in the corresponding quarter of previous year

Net Profit of ‘ 415 crore (USD 70 million) against ‘ 412 crore in the corresponding quarter of previous year

Cash Profit of ‘ 573 crore (USD 96 million), against ‘ 553 crore in the previous year

Earnings Per Share (EPS) of ‘ 15.8 against ‘ 15.7 in the previous year

The Company is conservatively financed with debt to equity ratio of 0.92 as on June 30, 2013.

Key Business Highlights

ELECTRICAL BUSINESS

Distribution Business : Largest private sector distributor of power to over 60 lakhs customers

o Mumbai Distribution :

Number of customers added : ~17,050 in Q1FY14; Total number : 28.8 lakhs

Multi Year Tariff (MYT) petition filed and public hearing concluded - Approval expected shortly

o Delhi Distribution:

Number of customers added : ~60,970 in Q1FY14; Total number of customers : 32.2 lakhs

Tariff hike of 5% approved by DERC wef August 01, 2013

Implemented 8% surcharge towards recovery of Regulatory Assets

Generation : Generated 1,311 million units in Q1FY14

Power Trading : Traded 1,281 million units in Q1FY14; Amongst top 5 trading licensee in the country

EPC BUSINESS : Revenue of ‘ 1,670 crore & Order book of ‘ 8,890 crore as on June 30, 2013

INFRASTRUCTURE BUSINESS

Road Projects :

o Earned revenue of ‘ 162 crore in Q1FY14 - An increase of 65% over previous year o 9th road project i.e. Jaipur Reengus Toll road commences commercial operations in July 2013

Metro Projects : Operating / Developing metro rail projects in Delhi and Mumbai o Reliance Metro Line I in Mumbai (12 kms & 12 stations) :

Civil work nearing completion. Signal testing and system integration process started

Trial run being conducted regularly - Train crossed cable stayed bridge on Western Express Highway and Andheri bridge over Western Railways

Certification process to start commercial operations initiated

Project is scheduled to be commissioned within 2013

o Reliance Metro Airport Line in Delhi (23 kms & 6 stations) :

Metro line operations handed over to Delhi Metro Railway Corporation (DMRC) wef July 1, 2013

Termination was owing to DMRC failure to cure substantial defects in civil structure designed/built by them and on account of ‘Material Breach’ and ‘Event of Default’

Claims for termination payment are fully justified & enforceable and the Company is confident of receiving the entire investment in Delhi Airport Metro Express Private Ltd (DAMEPL)

Cement : Developing two plants of 5 million tons each in Maharashtra and Madhya Pradesh (MP) o Earned revenue of ‘ 17.5 crore from Butibori (0.6 mtpa) plant in Maharashtra in Q1FY14.

o Maihar unit in Madhya Pradesh is on fast track and slated to commissioned in 2013

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

The SPVs are developing two metro rail projects in Mumbai; awarded eleven road projects with total length of 1,000 kms; operating and maintaining five airports in Maharashtra and developing 2 cement plants of 5 million tons each in Maharashtra and Madhya Pradesh.

RInfra along with its wholly owned subsidiary generates over 940 MW of power through its five power stations; distributes power to over 60 lakh consumers in Mumbai and Delhi and is developing five transmission projects including the first Independent Private Transmission projects in India.

RInfra also provides Engineering, Procurement & Construction (EPC) services for developing power and road projects