SC asks Delhi Metro to pay damages to Reliance Infrastructure's subsidiary

The Supreme Court upheld the arbitral award in favour of Reliance Infrastructure Limited's subsidiary DAMEPL. Delhi Metro Rail Corporation is directed to pay damages of Rs.2,950 crore plus interest upto the date of payment to DAMEPL.

The proceeds from the arbitral award to be utilized for debt reduction.

Shares of Reliance Infrastructure Ltd was last trading in BSE at Rs. 74.15 as compared to the previous close of Rs. 70.65. The total number of shares traded during the day was 73811 in over 496 trades.

The stock hit an intraday high of Rs. 74.15 and intraday low of 71.3. The net turnover during the day was Rs. 5398687.

Source : Equity Bulls

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