'All RInfra projects will be operational within FY14'

Mumbai, Aug 27 (IANS) All projects of integrated infrastructure and power company Reliance Infrastructure (RInfra) will be operational within the 2014 financial year, the company announced Tuesday.

In a release issued after RInfra's 84th annual general meeting here, the company also announced its "competitive tariff to ensure major flow of consumers back to RInfra".

Declaring that company revenues were up by 80 percent during the quarter, the statement said that the Mumbai Metro being constructed by it will be operational this year.

RInfra's first 5 million tonnes per annum cement unit at Maihar (Madhya Pradesh) will also start production this year.

Further, the Maharashtra Electricity Regulatory Commission (MERC) has this month allowed RInfra to recover arrears and carrying costs aggregating to Rs.5,550 crore over the next six years, the statement said.

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