RInfra’s arm moves Delhi HC for execution of arbitration award won against DMRC

20 Mar 2018 Evaluate

Reliance Infrastructure’s (RInfra) subsidiary - Delhi Airport Metro Express (DAMEPL) has moved the Delhi High Court (HC) seeking execution of the arbitration award it had won against Delhi Metro Rail Corporation (DMRC). The arbitral award was recently upheld by a single judge bench of the Delhi High Court.

DAMEPL has sought an order for the execution of the award dated May 11, 2017 passed by the Arbitral Tribunal and direct DMRC to pay around Rs 5,200 crore. This includes principal amount of Rs 2,945.54 crore along with interest as on date.

RInfra is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.


Reliance Infra Share Price

280.65 0.00 (0.00%)
31-Oct-2024 16:01 View Price Chart
Peers
Company Name CMP
NTPC 408.10
Tata Power 440.05
Power Grid Corp 321.20
Adani Power 592.85
Torrent Power 1820.25
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.