Reliance Infra Share Price

Reliance Infrastructure Limited is an Indian infrastructure company with interests in power generation, power di͏stribution, engineering, procurement & construction, roads, met͏ro rail and defence manufacture. The company caters to core infrastructure sectors which support Indi͏a’s urbanisati͏on, energy, and transport development. Reliance Infrastruc­ture’s services include regulated utilities and contract-based infrastructure delivery, as well as asset owne͏rship and project execution. The Reliance Infrastructure share price on NSE and BSE reflects how market participants re͏act to its operational performance, financial restructuring, secto͏r trends, and broader developments in India Infrastructure ecosystem. 

The Reliance Infrastructure stock price is b͏y factors such as execution of projects, debt reduction measures, regulatory developments in power and infrastructure, resolution of legacy liabilities, and performance of subsidiary assets. In the long run, balance sheet restructuring, asset monetisation, and cash flow improvement drive market expectations and sentiment towards the stock. 

Reliance Infrastructure share price live provides you with up-to-the-minute information on the last traded price, trading volum͏e and the bid & ask spreads. These indic͏ators represen͏t the reaction of investors to company updates, financial statements, industry news and macroecon͏omic events related to infrastructure & utilities. 

Also, monitoring today’s Reliance Infrastructure share price enables you to compare its trend with other listed infrastructure companies and market indices, which helps you get a perspective on how it has performed relative to its peers within the infrastructure and utilities sector and the overall equity market. 

Reliance Infrastructure Limited Company Fundamentals 

Reliance Infrastructure Limited Company Background 

Reliance Infrastructure Limited, a constituent of the Reliance Group, was incorporated in 1929. The company operates as an engineering and infrastructure enterprise, providing Engineering and Construction services across power, roads, metro rail, and other infrastructure sectors. It undertakes the design, execution, and delivery of large-scale projects that support urban development, transportation, and energy systems across India. The company also engages in the implementation, operation, and maintenance of projects in the defence sector and other infrastructure areas through its special purpose vehicles. These vehicles allow Reliance Infrastructure to manage long-term project lifecycles, from construction through operational phases, ensuring continuity, regulatory compliance, and performance management over extended periods.  

Reliance Infrastructure executed the Mumbai Metro Line 1 project on a build, own, operate, and transfer basis, marking a significant milestone in urban transport infrastructure. In addition, the company operates as a utility provider with a presence across the energy value chain, including power generation, transmission, and distribution. This integrated presence allows it to participate across multiple stages of the infrastructure and energy ecosystem, linking project execution with long-term asset operations. 

Reliance Infrastructure Limited Company Product Lines 

Energy 

• Power Generation — Reliance Infrastructure owns and operates power stations with combined generating capacity across thermal, gas, hydro, and renewable sources, supplying electricity to residential, commercial, and industrial consumers. 
• Power Distribution — The company distributes electricity through its majority-owned subsidiaries in major urban centres, managing distribution networks and reducing transmission and commercial losses. 
• Power Transmission — Reliance Infrastructure develops and operates transmission projects including national grid lines and extra high-voltage substations to enable inter-regional power flow. 

Infrastructure 

• Roads — The company develops and operates road and highway projects under build-operate-transfer and concession models, supporting national and regional connectivity. 
• Metro Rail — Reliance Infrastructure has executed and operates metro rail systems, including the Mumbai Metro Line One project, improving urban mass transit and commuting efficiency. 
• Airports (via subsidiaries) — Through subsidiaries, the company operates regional airports under lease arrangements, providing airport services and improving regional connectivity. 

Defence 

• Defence Manufacturing — Reliance Defence Limited, a wholly owned subsidiary, manufactures and integrates defence systems and equipment in partnership with global original equipment manufacturers across aviation, naval, and land-based platforms. 

Engineering & Construction (E&C) 

• Turnkey EPC Services — The E&C division delivers end-to-end engineering, procurement, and construction services from concept to commissioning for infrastructure projects. 
• Power and Process Infrastructure Projects — Execution of thermal, gas-based, hydro, nuclear, and renewable power plants, along with electrical networks and rural electrification. 
• Transportation Infrastructure Projects — Construction of expressways, highways, metro structures, bridges, tunnels, and transport corridors. 
• Heavy Civil Infrastructure — Development of complex civil works including long-span bridges, marine structures, and urban infrastructure. 

Reliance Infrastructure Company Revenue Model 

Power & Energy Revenue Streams 

• Electricity Sales (Power Generation) — Revenue earned from generation and sale of electricity from thermal, gas, hydro, and other power plants to utilities and bulk buyers. 
• Power Distribution Income — Revenues from regulated electricity distribution operations through majority-owned distribution companies serving urban and metropolitan electricity consumers.  
• Power Transmission & Wheeling Charges — Fees received for transmitting and wheeling electrical power through infrastructure networks between generation points and distribution endpoints.  
• Merchant Power Sales — Income from sale of surplus power produced from generation assets in merchant markets at prevailing market prices.  

Infrastructure Project Revenue Streams 

• Engineering, Procurement & Construction (EPC) Contracts — Project-based revenue from designing, procuring, constructing, and commissioning large infrastructure projects in power, transportation, and urban infrastructure sectors.  
• Construction Services — Fees from execution of road, bridge, metro, rail, and other civil infrastructure projects under contract with government and private sector clients.  
• Toll Collections & Road Operations — Revenue from toll operations on build-operate-transfer (BOT) highways and expressways controlled by the company or its special purpose vehicles (SPVs).  
• Metro Rail Farebox Revenue — Income from ticket sales and passenger fares from urban mass-transit metro operations such as the Mumbai Metro Line One project.  

Defence & Aerospace Revenue Streams 

• Defence Manufacturing Contracts — Sales revenue from defence products and systems manufactured through Reliance Defence (a subsidiary), including aerospace components, defence electronics, and MRO (maintenance, repair, and overhaul) services, often under government or partner contracts.  

Service & Support Revenue Streams 

• Operations & Maintenance Fees — Recurring income from long-term operation and maintenance agreements for infrastructure assets such as power plants, distribution networks, and transport systems.  
• Service and Consultancy Fees — Revenue earned by providing advisory, project management, and engineering consultancy services on infrastructure development.  
• Government Grants & Incentives — Payments received as grants, subsidies, or fiscal incentives linked to infrastructure and renewable energy projects from government programmes or regulatory support.  

Other Revenue Streams 

• Real Estate and Asset Monetisation — Revenue from development, lease, sale, or monetisation of land and property assets linked to infrastructure projects or SPVs.  
• Non-segment Revenue — Income from miscellaneous operations, divestments, or other activities not directly linked to the core business segments 

Reliance Infrastructure Geographic Presence 

India — Domestic Operations 

Maharashtra 

• Mumbai — Headquarters and primary operational centre. 
• Thane — Power distribution and infrastructure services. 
• Mira-Bhayandar — Power distribution coverage. 
• Palghar — Electricity distribution. 
• Metro Rail Operations — Mumbai Metro Line One. 

Delhi NCR 

• National Capital Region — EPC project execution and infrastructure services. 
• Transport and metro support work. 

Karnataka 

• Bangalore and environs — Project implementation and EPC services. 
• Power and infrastructure development sites. 

Gujarat 

• Infrastructure development projects, EPC contracts, and road and power works. 

Rajasthan 

• EPC civil works and infrastructure project locations. 

Telangana 

• EPC and other infrastructure project activity. 

Andhra Pradesh 

• Infrastructure contracts and project execution presence. 

West Bengal 

• EPC project execution and other services. 

Tamil Nadu 

• Power and infrastructure project presence. 

Haryana 

• Roads and power project locations. 

Uttar Pradesh 

• Infrastructure and utility project execution. 

Kerala 

• Infrastructure project execution and support services. 

Chhattisgarh 

• Civil and infrastructure project presence. 

Madhya Pradesh 

• EPC and infrastructure contracts. 

Bihar 

• Utilities and infrastructure project work. 

Reliance Infrastructure Leadership  

Some of the key leaders of Reliance Infrastructure, as of January 2026 are – 

• Smt. Manjari Kacker – Independent Director 
• Smt. Chhaya Virani – Independent Director 
• Shri V. S. Verma – Independent Director 
• Dr. Thomas Mathew – Independent Director 
• Shri Rajesh Kumar Dhingra – Non-Executive Non-Independent Director 
• Shri Vijesh Babu Thota – Executive Director & Chief Financial Officer 

Reliance Infrastructure Key Milestones 

• October 1929 — Incorporated as Bombay Suburban Electric Supply Limited (BSES); later renamed BSES Limited. 
• 1995–96 — Achieved major growth after completion of the 2 × 250 MW Dahanu Power Project. 
• 1996–97 — Installed capacity increased to 1,382 MVA; Aarey Receiving Station commissioned. 
• 1997–98 — Installed capacity increased to 1,502 MVA; awarded 57 MW Dahej power project by GPCL. 
• 1998–99 — Commissioned multiple transformers at Dahanu; launched 7.59 MW wind farm project in Karnataka. 
• March 2000 — Operated BSES Telecom as ISP in Mumbai; fiber optic network established. 
• February 2003 — Reliance Group acquired management control; became promoters. 
• April 2003 — BSES Andhra Power Ltd and Reliance Salgaocar Power merged with the company. 
• 2003–04 — Exited non-core businesses; disinvested from coal and power ventures. 
• February 24, 2004 — Renamed to Reliance Energy Limited. 
• 2005–06 — Won 280 MW Urthing Sobla hydro project; signed hydro agreements in Arunachal Pradesh (1,700 MW total). 
• July 17, 2006 — Reliance Energy Ventures Ltd merged into the company. 
• 2007–08 — Transmission subsidiaries added; expansion in energy infrastructure contracts. 
• April 28, 2008 — Renamed to Reliance Infrastructure Limited. 
• 2008–09 — Reliance Projects Finance Pvt Ltd merged into the company. 
• 2009–10 — Multiple cement, airport and toll road subsidiaries added. 
• 2010–11 — Reliance Infraprojects Ltd amalgamated; buyback of ₹1,000 crore approved. 
• March 2011 — Secured ₹7,200 crore EPC contract for 2,400 MW Samalkot power project. 
• 2012 — Cement manufacturing started at Butibori; brand “Reliance Cement” launched. 
• 2013 — MERC allowed recovery of ₹5,550 crore regulatory dues over six years. 
• February 2015 — Formed defence subsidiaries to enter defence manufacturing. 
• March 2015 — Acquired Pipavav Defence & Offshore Engineering Company. 
• January 2016 — Took management control of Pipavav Defence; renamed Reliance Defence & Engineering. 
• March 2016 — Formed JV with Rafael Advanced Defence Systems. 
• May 2016 — Received 16 industrial licences for defence manufacturing. 
• August 2016 — Sold Reliance Cement business to Birla Corporation for debt reduction. 
• October 2016 — Formed Dassault Reliance Aerospace JV for Rafale offsets. 
• October 2017 — Laid foundation stone for aerospace manufacturing facility at Mihan, Nagpur. 
• December 2017 — Won ₹5,000 crore EPC contracts in Bangladesh. 
• April–May 2018 — Won EPC contracts for Mumbai Metro Line 4, RVNL railway line, and Versova–Bandra Sea Link. 
• August 2018 — Completed sale of Mumbai power business to Adani Transmission for ₹18,800 crore. 
• 2019 — Corporate restructuring; subsidiaries and associates realigned. 
• 2021–22 — Reliance Power became associate again; Neom Smart Technology incorporated. 
• 2023–24 — Executed metro, road and EPC infrastructure projects; defence park DAAP planned at Nagpur. 
• March 08, 2025 — Approved Scheme of Arrangement with Reliance Velocity Limited. 

Industry Perspective 

India’s infrastructure industry remains a cornerstone of the nation’s economic growth story, underpinned by robust public and private capital expenditure. Investment in infrastructure is gaining momentum, with forecasts projecting the sector’s size to grow from around USD 190.7 billion in 2025 to approximately USD 280.6 billion by 2030 at an 8.0% CAGR, driven by transportation, utilities and urban development projects. The National Infrastructure Pipeline plans investments worth over USD 1.34 trillion by 2025, while infrastructure capex between FY26 and FY30 is expected to rise to nearly ₹90–100 trillion, reflecting steady growth in highways, rail corridors, airports and smart cities. Specialised segments such as renewables, metro systems and expressways are expanding with multi-year project pipelines, supported by increasing public-private partnerships and ease-of-doing-business reforms. Transport infrastructure markets alone are projected to grow at over a 6–7% CAGR through 2031, with continued expansion of national highways, urban transit networks and multimodal connectivity. This strong demand, coupled with rising private capital flows and digital project execution tools, positions India’s infrastructure sector for long-term growth and deeper integration with global supply chains 

Reliance Infrastructure is well-placed to benefit from this growth given its diversified footprint across roads, metro, power, EPC and defence infrastructure. As project pipelines expand and investment flows into utilities and transport rise, the company’s broad service capabilities could align with national infrastructure priorities. Enhanced public-private partnership frameworks and rising infrastructure spending can support its operational scale and revenue opportunities. 

Reliance Infrastructure Limited Stock Market Presence: Listings & Index Representation 

Reliance Infrastructure Limited listed on the Bombay Stock Exchange and the National Stock Exchange in 1996 following its corporate restructuring and public market entry as part of the Reliance group’s infrastructure vertical. 

Reliance Infrastructure trades on the NSE under the symbol RELINFRA and on the BSE under code 500390. The company is included in the Nifty High Beta 50 index, reflecting its relatively higher price sensitivity compared to broader market averages and its classification within actively traded mid- and small-cap stocks. 

Reliance Infrastructure stock price is tracked by both retail and institutional market participants due to its long operating history, exposure to multiple infrastructure segments, and its role in India’s power and transport ecosystem. Exchange listing ensures liquidity and transparent price discovery, while index inclusion places the stock within benchmark-linked portfolios and sector-tracking strategies. This positioning reflects its continued relevance in India’s listed infrastructure space. 

Reliance Infrastructure Limited Stock Performance and Share Price History 

Reliance Infrastructure’s stock performance reflects the trading behaviour of a diversified infrastructure company operating through multiple economic and regulatory cycles, as seen in long-term movements of the Reliance Infrastructure share price and the Reliance Infrastructure stock price. The company’s long operating history, exposure to power and transport assets, and involvement in EPC and defence manufacturing have shaped its share price over time, with the Reliance Infrastructure share price producing phases of sharp expansion followed by deep corrections in the Reliance Infrastructure stock price. 

The mid-2000s marked a period of rapid expansion, with the stock delivering a 311.29 percent gain in 2007 as infrastructure spending surged, driving a sharp rise in the Reliance Infrastructure share price. This momentum reversed in 2008 when the stock fell 74.34 percent amid the global financial crisis, leading to a steep correction in the Reliance Infrastructure share price and a significant decline in the Reliance Infrastructure stock price. A strong rebound followed in 2009 with an 83.14 percent rise as markets stabilised, allowing the Reliance Infrastructure share price to recover alongside improvement in the Reliance Infrastructure stock price. 

From 2011 onward, performance became volatile. The stock declined 59.85 percent in 2011, rose 57.97 percent in 2012, and fell again in 2013. These swings reflected project delays, rising debt, regulatory challenges in power distribution, and restructuring of business units, all of which created repeated fluctuations in the Reliance Infrastructure share price and periodic pressure on the Reliance Infrastructure stock price. 

The most severe decline occurred in 2019, when the stock fell 90.71 percent following debt stress, asset impairments, and weak financial results, pushing the Reliance Infrastructure share price to historically low levels and eroding confidence in the Reliance Infrastructure stock price. This period also coincided with reduced investor confidence across highly leveraged infrastructure firms, further weighing on the Reliance Infrastructure share price. 

Recovery began from 2020 onward, with 2021 recording a 248.46 percent gain as restructuring efforts progressed, liabilities reduced, and asset monetisation improved liquidity, resulting in a strong rebound in the Reliance Infrastructure share price and renewed interest in the Reliance Infrastructure stock price. The stock continued rising in 2022 and 2023 with gains of 36.61 percent and 52.19 percent, respectively, reflecting improved sentiment and sustained recovery in the Reliance Infrastructure share price supported by better balance sheet visibility and stabilisation in the Reliance Infrastructure stock price. 

However, the stock declined again in 2025 by 48.45 percent and in 2026 by 9.74 percent as markets reassessed earnings sustainability and sector risk, leading to renewed weakness in the Reliance Infrastructure share price and consolidation in the Reliance Infrastructure stock price. This pattern shows how Reliance Infrastructure’s share price remains closely linked to balance sheet health, regulatory clarity, and investor confidence, with the Reliance Infrastructure share price continuing to mirror shifts in market perception and the underlying fundamentals reflected in the Reliance Infrastructure stock price. 

Reliance Infrastructure Limited Investor Relevance and Portfolio Role 

Reliance Infrastructure serves as an exposure vehicle to India’s infrastructure, utilities, and transport sectors within diversified portfolios. Its operations across power distribution, EPC, metro rail, roads, and defence manufacturing provide linkage to capital expenditure cycles, urban development, and energy demand. 

Institutional holders include Risee Infinity Private Limited, Authum Investment & Infrastructure Limited, VFSI Holdings Pte. Ltd., Florintree Insurtech LLP, Universal Trustees Private Ltd, The Vanguard Group, Investor Education and Protection Fund, Dimensional Fund Advisors, BNY Asset Management, and American Century Investment Management. 

Mutual fund holders include Vanguard Total International Stock ETF, Vanguard FTSE Emerging Markets ETF, Vanguard Institutional Total International Stock Market Index Trust, WisdomTree India Earnings Fund, Vanguard FTSE All-World ex-US Small-Cap ETF, Avantis Emerging Markets Equity ETF, DFA Emerging Markets portfolios, and Nippon India Nifty Small Cap 250 Index Fund. 

Reliance Infrastructure is also actively tracked in derivatives markets where open interest, rollover trends, and option activity reflect short-term expectations around infrastructure spending, financial restructuring progress, and earnings announcements. 

Beta and volatility metrics show higher price sensitivity compared to the broader market. The long-term beta stands at 1.48. Daily one-month beta ranges from -0.744 to 1.67. Weekly one-year beta stands at 1.90, weekly two-year beta at 2.15, two-week two-year beta at 1.82, and monthly two-year beta at 0.971. These figures indicate elevated volatility relative to market averages and reflect the stock’s sensitivity to news flow, sector cycles, and liquidity conditions. 

Reliance Infrastructure Limited Sectoral Relevance and Peer Positioning 

Reliance Infrastructure’s sector relevance stems from its presence across regulated utilities, transport infrastructure, and engineering services, positioning it within India’s infrastructure and capital goods ecosystem. Peer comparisons with companies such as Larsen & Toubro, Tata Power, Adani Energy, NTPC, IRB Infrastructure, and GMR Infrastructure focus on project execution scale, asset quality, regulatory exposure, and financial stability rather than short-term price movement. 

Reliance Infrastructure sectoral importance is also reflected in financial and market metrics that demonstrate its scale, stability, and systemic impact. 

Reliance Infrastructure P/E ratio reflects how the market values its earnings relative to risk, restructuring progress, and future visibility. The P/E ratio stood at 2.01 in January 2026, compared with 8.89 in 2018 and 12.1 in 2017, showing significant compression as the market adjusted valuation expectations following financial stress and recovery phases. 

EPS trends show variability aligned with earnings volatility. EPS stood at ₹53.54 in 2016, rose to ₹64.69 in 2017, declined to ₹46.35 in 2018, and stood at ₹69.37 in 2025 TTM. These shifts reflect the company’s fluctuating profitability during restructuring and recovery periods. 

Reliance Infrastructure market capitalisation stood at ₹60.61 billion in January 2026. Market cap peaked at ₹488.01 billion in 2007, fell sharply during crisis periods, dropped to ₹7.06 billion in 2020, recovered to ₹119.16 billion in 2024, and declined again in 2025 and 2026. This history reflects sensitivity to leverage, earnings visibility, and sector confidence. 

Earnings history further reflects this volatility. Earnings stood at ₹25.75 billion in 2011, rose to ₹60.71 billion in 2016, fell into losses in 2018 and 2019, recovered to ₹17.38 billion in 2022, dropped again in 2023, rose to ₹20.54 billion in 2024, and reached ₹94.00 billion TTM in 2025. These figures show how operational recovery and financial restructuring directly influence reported profitability. 

Together, these metrics position Reliance Infrastructure as a cyclical infrastructure stock whose valuation, earnings, and market standing reflect sector cycles, regulatory shifts, and balance sheet evolution rather than steady linear growth. 

Summary 

Reliance Infrastructure Limited represents a diversified participant in India’s infrastructure and utilities ecosystem, with operations spanning regulated power distribution, engineering and construction, transport infrastructure, and defence manufacturing. Its corporate history reflects cycles of expansion, financial stress, restructuring, and asset realignment shaped by sector conditions, regulation, and capital intensity. The company’s market valuation, earnings profile, and share price movements have remained closely linked to balance sheet changes, legal and regulatory developments, and infrastructure investment trends, positioning it as a cyclical, event-sensitive stock within India’s listed infrastructure space.