RInfra commissions power transmission line in Maharashtra

Reliance Infrastructure , part of the Anil Ambani-led Reliance Group, today said it has commissioned a power transmission line in Maharashtra. "Reliance Infrastructure announced the commissioning of transmission line in Maharashtra through its subsidiary Reliance Power Transmission Ltd (RPTL)," the company said in a statement.

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The 311 kms Pune-Parli line is part of the Western Region System Strengthening Scheme project and will connect key industrial centres of Maharashtra like Pune, Aurangabad and Beed. "We are proud to announce the commissioning of the Pune-Parli transmission line. This is India's first ever 100 percent privately owned inter-state transmission project of the National Grid and we at Reliance Infrastructure are proud to be implementing it," Reliance Infrastructure CEO Lalit Jalan said.

On completion, the project would enable evacuation of surplus power of about 4,000 MW from the Eastern part of the country to the Western region, the statement said. The 1,500 kms long project, to be executed at a cost of about Rs 1,700 crore, was awarded to Reliance Infrastructure through tariff based international competitive bidding process.

The project has been executed under Build, Own and Operate pattern, it added. The company has already commissioned four transmission lines of the project in Maharashtra - Solapur-Karad, Lonikand-Kalwa, Parali-Solapur and Solapur-Kolhapur. Reliance Infrastructure, at present, is executing five transmission projects across the country with total outlay of over Rs 6,600 crore.

Reliance Infra stock price

On November 18, 2013, Reliance Infrastructure closed at Rs 426.80, up Rs 14.05, or 3.40 percent. The 52-week high of the share was Rs 572.35 and the 52-week low was Rs 308.00.

The company's trailing 12-month (TTM) EPS was at Rs 75.23 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 5.67. The latest book value of the company is Rs 769.44 per share. At current value, the price-to-book value of the company is 0.55.

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