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Reliance Infrastructure – EPS + Analysis

February 1, 2010

Post Q3 Fy10 results of Reliance Infrastructure, here is Analysts view on the company. Roads: 2 toll roads started operations; achieved financial closure of Gurgaon – Faridabad toll road and won / emerged L1 on 6 roads concessions. RELI hopes to quadruple roads portfolio in the next 2-3 years. Mumbai metro rail financial closure done & bagged Rs110bn Line 2 in 2QF10.

Bofa Merrill has set an EPS expectations of Rs 56 and Rs 57.10 for fy10 and fy11 respectively with a 12 month price target of Rs 1,520 and a BUY rating. Read more

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