Mumbai: Reliance Infrastructure (Reliance Infra) has successfully settled a Rs 273 crore loan, inclusive of interest, that was taken by its wholly owned subsidiary, JR Toll Road (JRTR), from Yes Bank. The settlement, finalized on June 23, 2025, marks a significant step in Reliance Infra's ongoing efforts to reduce its financial obligations.
Agreement Terms
An addendum to the initial settlement agreement, signed on November 26, 2024, was signed between JR Toll Road and Yes Bank, with Reliance Infra as the corporate guarantor. The new agreement clears all outstanding debt, effectively eliminating any further liability for Reliance Infra under the corporate guarantee.
Discharge of Guarantee Obligations
With the settlement, Reliance Infra's obligations as a guarantor for JR Toll Road's loan are now fully discharged. The company emphasized that this move conclusively resolves all dues to Yes Bank, completing its guarantee responsibilities.
No Connection to Reliance Infra Group
Reliance Infra clarified that Yes Bank is neither a related party nor part of its promoter group, and that the bank does not hold any shares in the company. This helped distinguish the settlement from any potential conflicts of interest.
Debt Reduction Strategy
This move is part of Reliance Infra's broader strategy to reduce its debt. Earlier in FY 2024-25, the company successfully eliminated its standalone net debt, bringing it down to zero by March 31, 2025. This settlement further strengthens the company’s financial position.
Strong Share Performance
Reliance Infra’s share price has seen an impressive 23% rise in the past month, fueled by major order wins in its defence and solar energy sectors, underscoring the market’s confidence in its financial recovery.
