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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Jammu Division Records Highest Punctuality of 94.12%

The Jammu Division of Northern Railway (Jammu Division) set a new benchmark in operational efficiency when it achieved a single-day punctuality rate of 94.12 per cent for Mail and Express trains on July 31. This performance is the highest recorded in the division's history and surpasses the previous best of 92.59 per cent achieved on February 20, 2025. The official communique indicated that the figure represents a significant improvement in on-time arrivals and departures across the network. Railway officials attributed the outcome to meticulous planning and effective coordination between grou..

Next Story
Infrastructure Transport

Tinaighat-Kulem Rail Doubling Threatens Forest Biodiversity

A peer-reviewed study by 20 scientists has challenged the cumulative environmental impact assessment prepared by the Wildlife Institute of India for the proposed doubling of the Tinaighat-Kulem railway line in Karnataka and Goa. The study says the assessment overlooks biodiversity and ecological impacts across one of the region's most sensitive forest landscapes. The authors describe the matter as urgent given the scale of planned infrastructure. The review was published in the Journal of Threatened Taxa and was carried out by a multidisciplinary team of ecologists, social scientists, conserva..

Next Story
Infrastructure Transport

CONCOR Launches Ennore to Hyderabad Rail Freight Service

Container Corporation of India (CONCOR) has commenced a new rail freight service that links Ennore Port, part of the Kamarajar Port cluster in Chennai, with ICD Sanathnagar in Hyderabad. The new corridor provides containerised cargo movement directly between the eastern gateway port and a major inland logistics hub in the Deccan plateau. CONCOR positioned the launch as an expansion of its multi-modal offerings to trade and industry in Telangana and neighbouring regions. The service connects the port cluster through intermediate logistics nodes and establishes a dedicated rail corridor for expo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement