Reliance Infrastructure Limited announced a significant reduction in its standalone external debt, bringing it down from INR 3,831 crore to INR 475 crore. This reduction follows the novation of certain charged securities by Invent Assets Securitisation and Reconstruction Private Limited (Invent ARC), one of the company’s lenders, resulting in the complete clearance of Invent ARC’s outstanding fund-based dues.
In addition to clearing dues with Invent ARC, Reliance Infrastructure has also settled its funded outstanding dues with Life Insurance Corporation of India, Edelweiss Asset Reconstruction Company Limited, ICICI Bank, Union Bank, and other lenders.
The company’s net worth is now expected to stand at approximately INR 9,041 crore.
Reliance Infrastructure is engaged in providing EPC services, power distribution in Delhi, and operates in sectors like defense, metro projects, toll roads, and airports through special purpose vehicles. Notably, it executed the Mumbai Metro Line One project on a build, own, operate, and transfer basis.
