Reliance Infrastructure will receive Rs 7,100 crore from the Delhi Metro Rail Corporation (DMRC) after a recent Supreme Court judgement, the company’s chairman Anil Ambani told shareholders on Tuesday. The payment from DMRC will be utilised for debt repayment and the company, which has a standalone debt of Rs 3,808 crore, will become debt free, Ambani said.
Last week, the apex court had ruled in favour of Delhi Airport Metro Express Private Limited (DAMEPL), a Reliance Infrastructure (R-Infra) company which used to operate the Delhi Airport Metro Line, by upholding an arbitral award.
