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Attorney General R Venkatramani, appearing for DMRC, suggested asking GNCTD and MoHUA how they would proceed in the matter
Transporter asks Centre, Delhi govt to infuse equity of Rs 3,500 crore each
In the last hearing on October 10, DMRC told the High Court that if Delhi Metro were to raise loans to pay the arbitration award to DAMEPL, it would fall into a 'debt trap'
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
In a separate filing to the stock exchange, Reliance Infrastructure said that Anil Ambani has stepped down from its board "in compliance of SEBI interim order"
As part of the comeback plan, Reliance Infrastructure received Rs 550 crore fund infusion from the Anil Ambani family
Supreme Court on Thursday upheld the 2017 arbitration award in favour of Reliance Infrastructure subsidiary, Delhi Airport Metro Express Pvt Ltd
Hybrid power is a bundled mix of solar and wind power, wherein one component is at least 33% of the contracted capacity
The proceeds will be utilised for debt reduction, and the company''s dues will come down by 6 per cent to Rs 13,100 crore from Rs 14,000 crore
Sale helps RInfra reduce its total debt liabilities by 20%
The company said it has assets of over Rs 66,800 crore and net worth of Rs 9,500 crore
The executive mentioned earlier said with the payment of Rs 1,700 crore to lenders, RInfra would not need to go through an insolvency process
Ambani further said the four business verticals including roads, metro, energy and airport are fully funded
The announcement comes a day after Reliance Infrastructure (RInfra) made a similar announcement
The move follows multiple developments in the company and the group in the past one month
Past efforts by the firm to strike a deal for the property have not yielded results
Reliance Infrastructure Ltd Thursday said it will sell its entire stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani led company's debt will be reduced by 25 per cent to less than Rs 5,000 crore. Reliance Infrastructure (RInfra) has entered into a pact with Cube Highways in this regard. Cube Highways and Infrastructure III Pte Ltd is a Singapore-based company formed by global infrastructure fund - I Squared Capital and a wholly-owned subsidiary of the Abu Dhabi Investment Authority. The transaction is in line with Reliance Infrastructure's strategic plan of monetising non-core business and focus on major growth areas like engineering & construction (E&C) business. RInfra today announced the signing of Definitive Binding Agreement with Cube Highways and Infrastructure III Pte Ltd for the sale of its 100 per cent stake in Delhi-Agra (DA) Toll Road Private Limited, the company said in a statement. "The total deal .
With this induction, one more person from the next generation of the Ambanis has now joined the family business. Induction of Anshul would coincide with the birthday of the late Dhirubhai Ambani
The company's consolidated income increased to Rs 72.07 billion in the July-September quarter, over Rs 58.98 billion in the year-ago period
RInfra had this week announced the completion of the sale of its entire Mumbai energy business to Adani Transmission for Rs 188 billion