Reliance Infra Settles Rs 2.73 Billion Yes Bank Loan
ROADS & HIGHWAYS

Reliance Infra Settles Rs 2.73 Billion Yes Bank Loan

Reliance Infrastructure Ltd has fully repaid the Rs 2.73 billion loan—including interest—owed by its wholly owned subsidiary JR Toll Road (JRTR) to Yes Bank.

An addendum to the original settlement agreement, first signed on 26 November 2024, was executed on 23 June, confirming that all outstanding debt has been cleared. As a result, Reliance Infrastructure’s obligation as corporate guarantor has also been discharged, bringing the matter to a close.

The company stressed that Yes Bank neither holds shares in Reliance Infrastructure nor forms part of its promoter group, underscoring that the transaction is entirely arm’s length.

Ongoing debt-reduction drive
The settlement forms part of Reliance Infrastructure’s wider strategy to strengthen its balance-sheet. In financial year 2024-25 the firm cut standalone borrowings from banks and financial institutions by roughly Rs 33 billion, reducing such debt to nil as at 31 March.

Market reaction
Reliance Infrastructure’s share price has climbed about 23 per cent over the past month, buoyed by major order wins in defence and solar projects and continued progress on deleveraging.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Reliance Infrastructure Ltd has fully repaid the Rs 2.73 billion loan—including interest—owed by its wholly owned subsidiary JR Toll Road (JRTR) to Yes Bank.An addendum to the original settlement agreement, first signed on 26 November 2024, was executed on 23 June, confirming that all outstanding debt has been cleared. As a result, Reliance Infrastructure’s obligation as corporate guarantor has also been discharged, bringing the matter to a close.The company stressed that Yes Bank neither holds shares in Reliance Infrastructure nor forms part of its promoter group, underscoring that the transaction is entirely arm’s length.Ongoing debt-reduction driveThe settlement forms part of Reliance Infrastructure’s wider strategy to strengthen its balance-sheet. In financial year 2024-25 the firm cut standalone borrowings from banks and financial institutions by roughly Rs 33 billion, reducing such debt to nil as at 31 March.Market reactionReliance Infrastructure’s share price has climbed about 23 per cent over the past month, buoyed by major order wins in defence and solar projects and continued progress on deleveraging.

Next Story
Resources

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Next Story
Real Estate

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Next Story
Real Estate

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?