<p>Reliance Infratel, operating in the telecom tower and other infrastructure related businesses, has revived its IPO plans after its previous attempt fell prey to market slowdown last year.<br /><br />Among the 61 group companies, which have posted losses, FLAG Telecom Ireland Network posted the maximum losses of Rs 242.71 crore, followed by Vanco ROW at Rs 179.29 crore.<br />The other major losers among the group companies include Reliance Telecom Limited with a loss of Rs 174.29 crore, Reliance Big TV (Rs 84.24 crore), Reliance Wimax World BVI (Rs 54.65 crore) and Reliance Wimax World BV (Rs 39.08 crore).<br /><br />Besides, one of its promoters Reliance Communications Infrastructure Ltd (RCIL) incurred losses in 2006-07, but made profit in the subsequent two fiscal, the company has disclosed in the draft IPO prospectus filed with market regulator SEBI.<br /><br />RCIL, reported a loss of Rs 506.93 crore in fiscal 2007, but in the following financial year the company returned to profitability and reported a profit after tax of Rs 621.26 crore. <br />Reliance Infratel has said that it would utilise Rs 4,000 crore towards repayment of a loan to the promoter entity RCIL.<br /><br />Besides from RCIL, the company has also taken unsecured loans from another promoter entity Reliance Communications (RCOM).</p>
<p>Reliance Infratel, operating in the telecom tower and other infrastructure related businesses, has revived its IPO plans after its previous attempt fell prey to market slowdown last year.<br /><br />Among the 61 group companies, which have posted losses, FLAG Telecom Ireland Network posted the maximum losses of Rs 242.71 crore, followed by Vanco ROW at Rs 179.29 crore.<br />The other major losers among the group companies include Reliance Telecom Limited with a loss of Rs 174.29 crore, Reliance Big TV (Rs 84.24 crore), Reliance Wimax World BVI (Rs 54.65 crore) and Reliance Wimax World BV (Rs 39.08 crore).<br /><br />Besides, one of its promoters Reliance Communications Infrastructure Ltd (RCIL) incurred losses in 2006-07, but made profit in the subsequent two fiscal, the company has disclosed in the draft IPO prospectus filed with market regulator SEBI.<br /><br />RCIL, reported a loss of Rs 506.93 crore in fiscal 2007, but in the following financial year the company returned to profitability and reported a profit after tax of Rs 621.26 crore. <br />Reliance Infratel has said that it would utilise Rs 4,000 crore towards repayment of a loan to the promoter entity RCIL.<br /><br />Besides from RCIL, the company has also taken unsecured loans from another promoter entity Reliance Communications (RCOM).</p>