Reliance Infra wins ₹1,250 cr arbitration award against Damodar Valley Corp, stock up 5%
A three-member Arbitration Tribunal made the unanimous 3-0 Award in favour of Reliance Infrastructure
The Arbitration Tribunal awarded the case in favour of Reliance Infrastructure and directed Damodar Valley Corporation to pay ₹896 crore
NEW DELHI : Anil Ambani-led Reliance Infrastructure Ltd has won ₹1,250 crore arbitration award against Damodar Valley Corporation (DVC), a government undertaking. The proceeds will be used to pay lenders and reduce the debt, company said in the filing with exchanges.