Page 3 - Reliance Infrastructure

No sanction for attachment of DMRC's operational assets: Centre to Delhi HC

The court also said that the Court won't consider DMRC's future liabilities/provisions

It's amazing DMRC, formed by two govts, has no money: Delhi High Court

Attaching DMRC's assets for award will bring Delhi to a halt, Centre tells HC

Sanction to attach properties of DMRC not possible: Centre tells Delhi HC

The Delhi High Court on Thursday was informed by the Centre that it cannot give sanction for attachment of properties of Delhi Metro Rail Corporation (DMRC)

HC asks Centre to decide on attaching DMRC's assets for payment to RInfra

The court also made it clear that if the Centre refused the sanction, it has to disclose the reasons for the same, so that the Court could take a view thereon

DMRC vs Rinfra to be heard on Friday, HC tells Delhi, Union govt

Attorney General R Venkatramani, appearing for DMRC, suggested asking GNCTD and MoHUA how they would proceed in the matter

DMRC-DAMEPL: HC issues notices to Centre, Delhi govt to make submissions

The Delhi High Court Friday issued notice to the Union Ministry of Housing and Urban Affairs and AAP government to apprise it how the unpaid arbitral award, passed in favour of Reliance Infrastructure-owned Delhi Metro Express Private Limited (DAMEPL) and against Delhi Metro Rail Corporation (DMRC), would be paid. The Central and Delhi government are the two essential stakeholders in the DMRC, which informed the high court that despite making requisite efforts, the two stakeholders have been unable to arrive at a consensus on the ways and means in which the amount payable under the award may be liquidated. The high court impleaded the two governments as parties in the execution proceedings filed by DAMEPL seeking recovery of the unpaid portion of the arbitration award. The court noted the total amount of the award with interest till February 14, 2022 was Rs 8009.38 crore. Out of this, a sum of Rs 1678.42 crore has been paid so far by the DMRC and Rs 6330.96 crore is still due to be

Reliance Jio partners with Xiaomi to offer users 'True 5G' experience

Reliance Jio on Tuesday announced its partnership with Xiaomi India to offer a 'True 5G' experience to all Xiaomi 5G smartphone consumers

After SC rap, DMRC launches Rs 7,100 crore rights issue for RInfra dues

Transporter asks Centre, Delhi govt to infuse equity of Rs 3,500 crore each

Law for enforcement of arbitral award no different for govt: SC to DMRC

Comment follows non-payment of Rs 4,500 cr by Delhi Metro Rail to Reliance Infra, out of a total Rs 7,200 cr in an arbitral award passed by the top court

SC slams DMRC over non-payment of Rs 4,500 crore to Reliance Infra

There are public speeches on making India an international arbitration hub but the court's order not enforced, says bench

Reliance Infra moves SC against DMRC for payment of Rs 4,500 crore

Court issues notice to DMRC, seeks reply by Dec 12

Delhi HC gives DMRC till December 12 to present plan to pay DAMEPL

DMRC owed DAMEPL close to Rs 7,100 cr, of which it has already paid Rs 2,600 cr as of Sept 6. It now owes Rs 4,500 cr

DMRC's woes may continue after Delhi govt refuses bailout for RInfra dues

Sources say key meeting between DMRC, central officials and Delhi govt was inconclusive on lack of consensus on modalities to infuse equity of Rs 5,000 crore into DMRC

RIL awarded project to make India's first multimodal logistics park

RIL emerged as the winning bidder for the public-private-partnership (PPP) project, with its own investment pegged at Rs 783 crore

DAMEPL issue: Senior officials of Delhi govt, Centre, DMRC to meet tomorrow

A meeting among senior officials of Delhi government, the Centre, Delhi Metro Rail Corporation (DMRC) and leading banks is slated to be held on Thursday, to discuss modalities on payment of the balance arbitral award to the Reliance Infrastructure-owned Delhi Airport Metro Express Private Limited. The managing director and director (finance) of the DMRC and representatives of several banks are expected to take part in the meeting to be held at Nirman Bhawan, they said. The DMRC on October 31 had told the Delhi High Court that a meeting with the Centre and the city government was scheduled to discuss modalities on payment of the balance arbitral award to the Delhi Airport Metro Express Private Limited (DAMEPL). The DMRC told the court that the meeting is fixed for November 10 and some proposals are expected to come out of it. The high court was hearing an application from the DAMEPL which said the DMRC has paid it only Rs 166.44 crore on March 14. The DAMEPL has also sought directi

Reliance Industries Infrastructure records 11.4% drop in Q2 net profit

Reliance Industrial Infrastructure Ltd (RIIL) on Saturday reported an 11.4 per cent drop in the second quarter net profit on flattish revenue. Net profit of Rs 2.26 crore in July-September was 11.4 per cent lower than Rs 2.55 crore net profit in the same period last year, the company said in a statement. The profit was however 61 per cent higher than Rs 1.40 crore net profit in the preceding April-June quarter. Revenue was almost unchanged at Rs 21.2 crore. "The company continues to provide infrastructure support services namely transportation of petroleum products and raw water through pipelines, construction machinery on hire, and other support services to Reliance Industries Group, with a substantial portion provided to Reliance Industries Limited," it said. "The company presently does not have any expansion plans on the anvil.

Reliance Infra had filed arbitration claim of Rs 500 crore: Adani

Reacts to RInfra statement of last week, which said it has filed a claim of Rs 13,400 crore; Adani says it has filed counterclaims

Reliance Infrastructure files Rs 13K-crore claim in Adani power deal

Reliance cited a breach of a December 2017 share purchase agreement relating to the transfer of its Mumbai power distribution business to Adani Transmission

Reliance Infra files Rs 13,400-cr claim in power deal with Adani

Reliance cited a breach in the terms of a December 2017 agreement, and filed its statement of claim before the Mumbai Centre for International Arbitration

Reliance Infrastructure moves Mumbai arbitration centre against Adani

Reliance Infrastructure has filed its statement of arbitration claims for a sum of approx Rs 13,400 crore before the Mumbai Centre for International Arbitration, the company said