In Short : Reliance Infrastructure Ltd has won a ₹526 crore arbitration award against Aravali Power Company Pvt Ltd in a contractual dispute. The award was granted in Reliance Infra’s favor after prolonged proceedings, addressing claims related to project execution. The company said the decision reinforces its contractual rights and strengthens its financial position for […]
BSES discoms Pay Rs 400 crore to Aravali Power Corporation
The discoms said they are committed to supply reliable and uninterrupted power to around 46 lakh consumers in Delhi. New Delhi: BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have resolved the matter with Aravali Power Corporation Private Limited (APCPL) and have paid Rs 352.27 crore and Rs 47.34 crore, respectively, as […]
Reliance Infrastructure completes stake sales of entire shareholding in PKTCL to IndiGrid
RInfra owns 74 per cent in PKTCL located in the state of Himachal Pradesh and Punjab in a joint venture with Power Grid Corporation of India Limited (PGCIL). Mumbai: Reliance Infrastructure Limited (RInfra) on Saturday announced the successful completion of the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company […]
NTPC keen to buy Reliance Group’s Delhi power distribution units
The Reliance Group, controlled by Anil Ambani, has been looking to cut debt by selling stakes in some of its companies. It sold its Mumbai electricity distribution business to Adani Transmission in 2018 CHENNA: India’s largest electricity generator NTPC Ltd said it was interested in buying a majority stake in Reliance Group’s power distribution assets […]
