Reliance Infrastructure Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RELINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Reliance Infrastructure has won a favourable arbitration award of Rs. 526.23 crore plus interest against Aravali Power Company Private Limited (APCPL). A three-member arbitral tribunal, by majority, held that APCPL's termination of an EPC contract was illegal, invalid and wrongful, and partly allowed Reliance Infrastructure's claims for damages and costs. The dispute stemmed from the wrongful termination of the contract (originally terminated in 2018). The company stated it is currently bank debt-free and plans to use the award proceeds for growth capital.
Positive for shareholders — a Rs. 526+ crore award with interest strengthens the company's cash position and supports future growth plans, though actual receipt depends on APCPL's compliance or further enforcement steps.