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RInfra’s Q1 consolidated total income rises YoY

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Mumbai, Aug 1 (IANS) Reliance Infrastructure (RInfra) on Wednesday reported a year-on-year rise in its consolidated total income for the first quarter of 2018-19 to Rs 7,991 crore.

According to the company, the total income increased to Rs 7,991 crore from Rs 7,918 crore reported for the corresponding quarter of the previous fiscal.

The company’s consolidated net profit during the quarter under review stood at Rs 272 crore ($40 million).

In addition, the firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) during Q1 stood at Rs 2,187 crore ($319 million)

Among the key highlights of the quarter, the company’s EPC (engineering, procurement and construction) business had an order book of Rs 26,600 crore and won projects worth Rs 9,600 crore in Q1 FY19.

“Won prestigious Versova Bandra Sea link project worth Rs 7,000 crore,” the company said in a statement.

“Won 3 out 5 packages of Mumbai Metro line 4 project worth Rs 1,585 crore. Won Kudankulam nuclear power project in Tamil Nadu worth Rs 1,080 crore.”

In the road infrastructure segment, the company’s revenue increased by 12 per cent to Rs 303 crore.

“Expect Delhi Agra and Pune Satara projects to be completed by FY19,” the statement said.

Further, RInfra earned revenue worth Rs 74 crore in Q1 FY19 from its Mumbai Metro One project.

In arbitration awards, the company won the Delhi Metro arbitration award against DMRC worth Rs 5,300 crore including interest.

“Received Rs 306 crore as immediate interim relief. Hon’ble Delhi HC has directed DMRC to service entire debt of DAMEPL worth Rs 1,618 crore,” the statement said.

“In addition, also won arbitration award worth Rs 460 crore for 2 roads and 1 power project.”

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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