BSE Notice: REL OKs name change to Reliance Infrastructure

[K.Karthik Raja]

BSE Notice: REL OKs name change to Reliance Infrastructure
Monday, Mar 10

MUMBAI - Text of Reliance Energy Ltd announcement published on
Bombay
Stock Exchange Web site, bseindia.com, today:

Reliance Energy Ltd has informed BSE that the Board of Directors of
the
Company has decided to change the name of the Company to "Reliance
Infrastructure Ltd", subject to the approval of shareholders and
compliance
with related formalities.
In this regard the Company has issued the following Press Release:
Reliance Energy Board has approved the change of the Company's name
to
"Reliance Infrastructure Ltd" and is set to seek shareholder's
approval for
the same.
Explaining the name change a senior official said "Reliance Energy
Ltd is
the largest private player in the electricity sector across the entire
value
chain (generation, transmission, distribution, trading and EPC).
However,
over the past two and half years, the Company has emerged as a leader
in all
areas of infrastructure business. The new name "Reliance
Infrastructure Ltd"
will adequately reflect the current nature of the businesses in the
Company
fold and in line with the Company's vision to tap and play a vital
role in
the emerging potential in the country for infrastructure development".
Reliance Energy is currently:
* Largest private power sector EPC player in the country with order
book
of over 8,000 crore.
* Largest power transmission infrastructure developer in private
sector
including the Western Region Strengthening System, (WRSS) the only
100% owned
power Transmission project to be developed by private player in the
country.
* Largest private sector metro rail project developer in the
country with
12km VAG corridor in Mumbai and 22.7 km airport link in Delhi
* Largest concessionaire for NHAI and building over 400 kms of road
highway projects.
* Preferred bidder to construct the 25 km long, country's longest,
bridge
over sea link (MTHL) in Mumbai.
Apart from the above REL is constructing the country's tallest 100
storey
corporate park in Hyderabad and has plans for setting SEZ in Noida and
Mumbai
and is in advanced stages of bidding for several metro, airports,
highway and
energy distribution projects across the country.
"The new name reflects the branding philosophy followed by the ADA
Group,
where name signifies the space in which business operates and create a
sharper brand presence among the stakeholders".
"The name change will not affect any of the rights of the Company
or the
shareholders of the Company", the official added.

K.Karthik Raja