Reliance Infrastructure on Tuesday said the Rs 7,100 crore that the company would receive from Delhi Metro Rail Corporation (DMRC) as part of the settlement of an arbitral case would be used for deleveraging its balance sheet.
Anil Ambani, chairman, Reliance Infrastructure, in the AGM today said, “Reliance Infrastructure has won against Delhi Metro Rail Corporation as the Supreme Court upheld an arbitral award in favour of Delhi Airport Metro Express Private Limited (DAMEPL) – a Reliance Infra arm that used to operate Delhi Airport Metro Line.
As a result of SC judgment, Reliance Infra arm DAMEPL would receive a sum of Rs 7,100 crore from DMRC that would be utilized to repay the debt of Reliance Infra.
