RInfra wins Rs 2.92 bn arbitration with Goa govt over non-payment of dues

Tribunal has also ordered payment of interest at 15% per annum on total award amount if the govt of Goa fails to pay entire award amount by deadline

Anil Ambani-promoted Reliance Infrastructure on Monday said it has won an arbitration award of Rs 2.92 billion against the government of Goa over non-payment of dues by the Goa government towards the supply of electricity.

"The Arbitration Tribunal, in its award on February 16, 2018, has ordered Government of Goa to pay Rs 2.92 billion to Reliance Infrastructure Limited by April 15, 2018. The Tribunal has also ordered payment of interest at 15 per cent per annum on the total award amount if the government of Goa fails to pay the entire award amount by the deadline,” the company said