Reliance Infrastructure Ltd fell for a fifth straight session today. The stock is quoting at 334.05, down 2.81% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.42% on the day, quoting at 10984.4. The Sensex is at 36357.13, down 1.32%.Reliance Infrastructure Ltd has eased around 20.8% in last one month.Meanwhile, Nifty Energy index of which Reliance Infrastructure Ltd is a constituent, has eased around 3.26% in last one month and is currently quoting at 15575.3, down 0.11% on the day. The volume in the stock stood at 35.02 lakh shares today, compared to the daily average of 57.46 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 334.05, down 3.13% on the day. Reliance Infrastructure Ltd tumbled 27.98% in last one year as compared to a 11.26% rally in NIFTY and a 19.35% spurt in the Nifty Energy index.

The PE of the stock is 6.84 based on TTM earnings ending June 18.

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Reliance Infrastructure consortium has submitted Performance Security Bank Guarantee (PS - BG) and Mobilisation Advance Bank Guarantee (MA - BG) to Maharashtra State Road Development Corporation (MSRDC) for Versova Bandra Sea Link Project (VBSL). The consortium has submitted Rs. 350 crore of PS - BG and Rs. 385 crore of MA - BG to MSRDC.

The Reliance Infrastructure consortium has submitted the guarantees ahead of time for fast track completion of this prestigious project.

Reliance Infrastructure Limited - Astaldi S.p.A (Italy) Consortium had signed an agreement with MSRDC on 04 September 2018 for construction of prestigious Versova-Bandra Sea Link Project in Mumbai.

Reliance Infrastructure - Astaldi had earlier bagged the engineering, procurement and construction (EPC) contract for the Rs. 7,000 crore project on a competitive bid basis. The consortium had emerged the most competitive bidder with their bid of Rs. 6,993.99 crore. The other bidders in fray were L&T-Samsung and Hyundai Development Company-ITD.

The tender for the construction of second sea link in Mumbai on EPC-basis was floated by MSRDC. With a length of 17.17 km, Versova-Bandra Sea Link is three times the length of the existing Bandra-Worli Sea Link, which is 5.6 km.

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Reliance Infrastructure announced that CRISIL has withdrawn its 'D' ratings for NCDs of Reliance Infrastructure's totalling Rs. 710 crore. The company has repaid the NCDs from the funds received from the sale of Integrated Mumbai Distribution Business to Adani Transmission. The company had informed the NCD holders that they would be paid out of the proceeds of the transaction.

Earlier, BWR has withdrawn its 'D' rating for the NCDs amounting to Rs. 418.70 crore and BWR C for the NCD amounting to Rs. 50 crore of Reliance Infrastructure.

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Reliance Infrastructure - Astaldi S.p.A (Italy) consortium signed an agreement with Maharashtra State Road Development Corporation(MSRDC) on 04 September 2018 for construction of prestigious Versova-Bandra Sea Link Project in Mumbai.

Reliance Infrastructure - Astaldi had earlier bagged the engineering, procurement and construction (EPC) contract for the Rs. 7,000 crore project on a competitive bid basis. The consortium had emerged the most competitive bidder with their bid of Rs. 6,993.99 crore. The other bidders in fray were L&T-Samsung and Hyundai Development Company-ITD.

The tender for the construction of second sea link in Mumbai on EPC-basis was floated by MSRDC. With a length of 17.17 km, Versova-Bandra Sea Link is three times the length of the existing Bandra-Worli Sea Link, which is 5.6 km.

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