NEW DELHI, 13/07/2012: Delhi Metro and Reliance Infrastructure are at odds to explain the decision to suspend operations for an indefinite period on the 23-km line owing to faults in civil structure on the corridor, where trains are run at a speed of 105 kmph. The high-speed corridor has 2100 bearings in the elevated section, of which 230 of them need some correction or the other, in New Delhi. Photo: V.V. Krishnan | Photo Credit: KRISHNAN VV
Reliance Infrastructure will get ₹2,800 crore arbitral award from DMRC as damages, according to a ruling by the Supreme Court.
Anil Ambani-led Reliance Group had challenged a judgment of the Delhi High Court setting aside the arbitral award won against Delhi Metro Rail Corporation (DMRC).
An SPV set up by Reliance was awarded a project for construction of the High Speed Metro Rail Line in 2008.
In 2012, the company exited the project claiming that operations of the line were not viable due to defects in the civil structures, constructed by DMRC.
Published on September 9, 2021
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.