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Anil Ambani’s relief in Corona period, this company came to profit from loss of 4,206 crores

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Anil Ambani’s son Anmol Ambani is the director of Reliance Infa 9 Reliance Infra. The great thing is that earlier in April, the same company had to sell its head office to pay the debt.

Anil And Anmol Ambani

In the Corona era, the country’s veteran businessman and Reliance Anil Dhirubhai Ambani Group’s head Anil Ambani is relieved. In fact, his company Reliance Power has earned a profit of Rs 72 crore. Reliance Power, formerly known as Reliance Energy. This company has shown profits during the Corona period.

Reliance Power made a consolidated net profit of Rs 72.56 crore for the quarter ended March 2021. The company earned a consolidated net loss of Rs 4,206.38 crore for the quarter ended March 2020. It is a big relief for Anil Ambani and Reliance Infra CEO K Raja that the company is showing a profit of 72 crores coming out of a loss of 4,206 crores.

Increase in income also

During this period, Reliance Power has increased profits as well as income. The company’s total income was Rs 1,691.19 crore in the March quarter of this year. It showed an income of Rs 1,902.03 crore in the same period a year ago. In the financial year 2020-21, the integrated net profit of the company was Rs 228.63 crore, while in 2019-20 it was Rs 4,076.59 crore. The total income of the company in the year 2020-21 was Rs 8,388.60 crore, as compared to Rs 8,202.41 crore in the last financial year.

This was said about the lockdown

Earlier last month Anil Ambani’s son Anmol Ambani who is also the director of Reliance Infra (RInfra) and Reliance Capital. He questioned the lockdown in Maharashtra. Anmol had said through a tweet that professional actors can shoot their films. Professional cricketers can play their games till late at night. Professional leaders can continue their rallies with the crowd, but your business or work is not necessary services.

Had to sell property

Earlier, due to increasing debt, Anil Ambani had to sell Reliance Infra’s Mumbai head office to Yes Bank. This deal has been done for 1200 crores rupees. According to the company’s statement, the company will repay Yes Bank’s loan with these money. Financial action was taken to recover the dues of about Rs 2,892 crore on Reliance Infra, operated by Anil Ambani. Reliance Efra was forced to take this decision due to increasing pressure. According to the rule, if the bank takes over the building of the company, then the bank has to give notice two months in advance, which Yes Bank had already given.

(With language input)

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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