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The latest update is out from Reliance Infrastructure Limited ( (IN:RELINFRA) ).
Reliance Infrastructure Limited announced that the recent classification of Reliance Communications’ loan account as fraud by Bank of India does not affect its business operations or stakeholders. The company clarified its independence from Reliance Communications, emphasizing no business or financial linkage, and reiterated its commitment to its business plans and stakeholder value creation.
More about Reliance Infrastructure Limited
Reliance Infrastructure Limited is one of the largest infrastructure companies, focusing on high-growth sectors such as Power, Roads, Metro Rail, and Defence. It is a major player in Engineering and Construction services, executing projects through Special Purpose Vehicles, including metro rail and road projects on BOOT and BOT bases.
Average Trading Volume: 391,946
Technical Sentiment Signal: Buy
Current Market Cap: 118.2B INR
Find detailed analytics on RELINFRA stock on TipRanks’ Stock Analysis page.