Reliance Infrastructure surges as its arm enters into Jharkhand market

Reliance Infrastructure is currently trading at Rs. 506.00, up by 1.25 points or 0.25% from its previous closing of Rs. 504.75 on the BSE. The scrip opened at Rs. 505.00 and has touched a high and low of Rs. 512.75 and Rs. 496.10 respectively. So far 203075 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 518.00 on 10-Apr-2014 and a 52 week low of Rs. 308.00 on 02-Aug-2013. Last one week high and low of the scrip stood at Rs. 518.00 and Rs. 419.00 respectively. The current market cap of the company is Rs. 13361.21 crore. The promoters holding in the company stood at 48.53% while Institutions and Non-Institutions held 37.04% and 13.02% respectively. Reliance Infrastructure’s arm Reliance Cement has entered into Jharkhand market in line with its vision to be a part of the Indian infrastructure development story. Moreover, the company is planning to launch its innovative customer initiative, ‘On-site Expert Service’ in Jharkhand soon. The initiative will provide an array of services, ranging from expert engineer’s advice to on-site concrete testing services, to assist people in building their home. Company will also be providing training to masons and contractors across Jharkhand. Reliance Cement already sells in key cities of Maharashtra, Madhya Pradesh and Uttar Pradesh where it has established itself to become the most favoured brand. Reliance Cement delivers NEXTGEN experience to its customers in terms of customer service and product quality. Reliance Infrastructure is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.