Reliance Infra Shares Zoom Over 45 In A Month - What's Fuelling The Rally

Reliance Infra Share Price: Anil Dhirubhai Ambani's Reliance Infrastructure shares have rallied 45 per cent over the past one month, hitting their highest levels in nearly seven years. Its shares on June 5, 2025, however, slipped 2.4 per cent owing to profit booking after a sharp 11.3 per cent rally seen in the previous session, June 4. At close, Reliance Infrastructure's shares traded at Rs 371.45 apiece on the NSE.

The company has been undergoing several developments which has turned investor sentiment positive, as can been seen in the strong upward rally in Reliance Infra over the past month.

What's Fuelling Reliance Infra Share Price

Here are some of the positive developments that have worked in favour of Reliance Infra.

NCLAT Relief in Insolvency Case

One of the biggest catalysts came on June 4, when the National Company Law Appellate Tribunal (NCLAT) suspended an earlier NCLT order that had admitted Reliance Infrastructure into insolvency proceedings.

This came after the company made a full payment of Rs 92.68 crore to Dhursar Solar Power Private Ltd, which was the basis of the original insolvency plea. This development pushed the stock higher by 11.3 per cent in the previous session.

Defence Partnership With German Defence Company

Another major positive development came on May 24, when Reliance Defence, a Reliance Infrastructure-promoted company, announced a strategic partnership with German defence major Rheinmetall AG. The two companies will work together in the manufacturing and supply of medium- and large-calibre ammunition, the company informed in an exchange filing.

Under this collaboration, Reliance Defence will set up a massive Greenfield facility in Ratnagiri, Maharashtra, which is expected to be one of the largest in South Asia, the company said.

This partnership comes after its earlier tie-ups with defence sector majors Dassault Aviation and Thales Group.

Revival Amid Regulatory Hurdles

The recent surge in Reliance Infra's share price comes even as its promoter, Anil Ambani, faces serious regulatory action. In 2024, the Securities and Exchange Board of India (Sebi) banned him from the stock market for five years and fined him Rs 25 crore after finding that funds were misused at Reliance Home Finance, another company in his group.

The investigation showed that money was wrongly given out as loans to companies linked to Ambani, many of which couldn't repay. Several former executives and related firms were also fined. While Reliance Infrastructure was not directly involved, the case raised concerns about the overall governance of companies in the group.