Reliance Infrastructure Limited — Others, 13-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
13-08-2025 | 01:42 pm
13-08-2025 | 01:42 pm
Reliance Infrastructure has secured a significant arbitral award against Aravali Power Company Private Limited. An arbitral tribunal ruled that APCPL's termination of an EPC Contract was wrongful. The award grants Reliance Infrastructure approximately Rs. 526 crore, along with interest, for damages and costs incurred. This favorable development is poised to strengthen the company's financial standing. Reliance Infrastructure, which is currently bank debt-free, intends to utilize these proceeds as growth capital, supporting its future projects in sectors like power, roads, and metro rail, thus benefiting shareholders.
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