{"id":306901,"date":"2019-12-23T11:48:52","date_gmt":"2019-12-23T06:18:52","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306901"},"modified":"2019-12-23T12:01:49","modified_gmt":"2019-12-23T06:31:49","slug":"reliance-infrastructure-wins-rs-1250-crore-arbitration-award-against-damodar-valley-corporation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-infrastructure-wins-rs-1250-crore-arbitration-award-against-damodar-valley-corporation\/","title":{"rendered":"Reliance Infrastructure wins Rs 1,250 crore arbitration award against Damodar Valley Corporation"},"content":{"rendered":"<p>MUMBAI: Reliance InfrastructureNSE 4.97 % has won an arbitration award of Rs 1,250 crore against Damodar Valley Corporation (DVC), executives from the Anil Ambani-led company told ET.<\/p>\n<p>The company said it will use the proceeds to pay lenders and reduce its debt, as a part of its strategy to be debt-free by 2020.<\/p>\n<p>\u201cThis award by the arbitration tribunal is validation of the rightful position of the company. It is critical for Indian engineering and construction companies to be paid their dues on time so that they can participate in mega-infrastructure projects without the risk of getting bogged down by working capital issues,\u201d a Reliance Infrastructure spokesperson said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Reliance InfrastructureNSE 4.97 % has won an arbitration award of Rs 1,250 crore against Damodar Valley Corporation (DVC), executives from the Anil Ambani-led company told ET. The company said it will use the proceeds to pay lenders and reduce its debt, as a part of its strategy to be debt-free by 2020. \u201cThis award by the arbitration tribunal is validation of the rightful position of the company. It is critical for Indian engineering and construction companies to be paid their dues on time so that they can participate in mega-infrastructure projects without the risk of getting bogged down by [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-306901","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=306901"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306901\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}