Both stations will be redeveloped in PPP mode and based on the design, build, finance, operate transfer (DBFOT) model
There has been no tariff hike in the last four years and experts believe that the status quo is likely to prevail in the near future
DMRC to have the largest chunk of revenue loss estimated at Rs 700 cr
Here are the top 10 headlines on Tuesday
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
The filing showed that the total amount outstanding was Rs 4,597.06 crore
A three-member arbitration tribunal unanimously gave the award in favour of Reliance Infrastructure on December 21
Consolidated operating income for the September quarter rose 8% to Rs 5,622 crore from Rs 5,202 crore a year ago
Ambani further said the four business verticals including roads, metro, energy and airport are fully funded
The filing showed that the fresh pledge was done on September 9 in favour of lDBI Trusteeship Services Services Limited Lender/Debenture holder Deutsche Bank
BSR & Co and Pathak HD & Associates were the auditors to both RInfra and RPower, until 9th August, when BSR resigned as auditor for both the companies
Cites concerns raised in FY19 audit reports as reason
After the expiry of existing contracts in September, no further derivative contracts will be issued for these two securities
The announcement comes a day after Reliance Infrastructure (RInfra) made a similar announcement
With the signing of the inter-creditor agreement, it has got a standstill period for 180 days
The dip started after rating agency CARE Ratings (CARE) reaffirmed its rating at 'BBB' and revised rating outlook to 'credit watch with negative implications'
Past efforts by the firm to strike a deal for the property have not yielded results
Brickwork downgraded the company's bank loan facilities of Rs 1,151 crore to BWR D from BWR C.
Reliance Infrastructure said Versova-Bandra Sea Link would cut down commute time of Mumbaikars from over 90 minutes to 10 minutes
As of March 2019, Reliance Infrastructure's total order book was at Rs 28,000 crore, all of which are state or central government orders