SC directs DMRC to pay Rs 2,800 cr to Reliance Infra in arbitral award

10 Sep 2021 CW Team

On September 9, the Supreme Court upheld the Rs 2,800 crore arbitral award of Reliance Infrastructure, ordering DMRC to pay damages worth Rs 2,800 crore plus interest to the Reliance Infrastructure arm.

The case concerns a 2008 contract between DMRC and Reliance Infrastructure for Delhi Airport Express on a Build–operate–transfer (BOT) basis. Reliance Infrastructure cancelled the deal in 2012.

DMRC requested an arbitration clause asking to initiate arbitration. The Arbitral Tribunal granted damages to the Reliance Infrastructure arm in 2017 and ordered DMRC to pay Rs 2,800 crore plus interest.

In 2018, a Single Judge Bench of Delhi High Court upheld the grant and ordered DMRC to pay damages.

But, in relief to DMRC, the Division Bench of Delhi High Court set aside the arbitral award in 2019.

Reliance Infra then moved the Supreme Court to challenge the Delhi High Court judgment to set aside the arbitral award.

Following the report, Reliance Infra shares hit a 5% upper circuit.

The stock was trading at Rs 74.15, surged by Rs 3.50, or 4.95%. It reached an intraday high of Rs 74.15 and an intraday low of Rs 71.30. There were pending purchase orders of 938,284 shares, with no sellers available.

Image Source

Infrastructure Transport

17 Sep 2025

Gurgaon-Pataudi-Rewari Highway Set for Completion by December 2025

The National Highways Authority of India (NHAI) has set a new target to complete the four-lane Gurgaon-Pataudi-Rewari highway by December 2025, following a two-year delay.Originally planned in 2018 to upgrade the two-lane state highway into a national highway, the project is estimated to cost Rs 9 billion. Construction, which began in 2021, was initially scheduled for completion in November 2023. According to NHAI, around 70 per cent of the work is already complete, with two major structures still pending: a railway overbridge at Pahari village and a two-lane unidirectional flyover on Dwarka E..

UP Plans Rs 900 Million Extensions to Hindon Elevated Road

The Uttar Pradesh state bridge corporation has prepared the detailed project report and cost estimates for two proposed extensions of the 10.3-km Hindon elevated road, officials said on Thursday. The road connects Raj Nagar Extension to UP-Gate near the east Delhi border, and the project is expected to cost around Rs 900 million.The two extensions, each 400 metres long, will be added to the existing elevated road to ensure smoother traffic flow. “One of the extensions will be from near the Kanawani culvert (near Indirapuram) to the elevated road for commuters heading towards Delhi. The other..

Goa Likely to Miss October Deadline for Maritime Master Plan

Goa is expected to miss the October 31 deadline for submitting its maritime and waterways master plan, which covers the state’s 105 km coastline and river network. The delay is due to the project management consultant not yet being appointed. The plan is now anticipated to be completed by December, Captain of Ports Octavio Rodrigues stated at the India Maritime Week 2025 roadshow.“We have already selected the consultant and will bring them on board within a week. Only then can we begin drafting the master plan, which is essential to secure central government funding,” Rodrigues added.A c..