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Reliance Infrastructure ordered to pay ₹494 crore in EPC contract dispute with APCPL

Dec 21, 2024•over 1 year ago

Contract Type

contract

It Infrastructure

Description

Reliance Infrastructure Ltd has been ordered to pay ₹494 crore, along with interest, following an arbitral award in a dispute with Aravali Power Company Private Ltd (APCPL) over an EPC contract. The company plans to challenge the award through appropriate legal proceedings to safeguard its interests.

Company Information

Company

Reliance Infrastructure

About

Reliance Infrastructure (RInfra) operates metro rail projects, toll roads, power distribution businesses, and is now expanding into renewable energy equipment manufacturing sector with a focus on solar panels, components, and integrated battery manufacturing.

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