Reliance Infrastructure today reported a 26.11 per cent drop in consolidated net profit at Rs 459.11 crore for the fourth quarter ended March 31, 2015, mainly due to higher finance cost and loss from cement and Mumbai metro businesses.
After picking up a controlling stake in the Pipavav shipyard, Anil Ambani is ready to make his debut in the defence sector with a subsidiary of Reliance Infrastructure set to bid for two major military chopper contracts worth over $3 billion.
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