Relief for DMRC
RAILWAYS & METRO RAIL

Relief for DMRC

Vikas Kumar, Managing Director, Delhi Metro Rail Corporation (DMRC), must be a relieved man! DMRC will not have to pay Rs.76.87 billion to Delhi Airport Metro Express (DAMEPL), an Anil Ambani-owned Reliance Infrastructure company, after the Supreme Court decided to grant it relief through a cur...

Vikas Kumar, Managing Director, Delhi Metro Rail Corporation (DMRC), must be a relieved man! DMRC will not have to pay Rs.76.87 billion to Delhi Airport Metro Express (DAMEPL), an Anil Ambani-owned Reliance Infrastructure company, after the Supreme Court decided to grant it relief through a curative petition, which is significant for its implications on PPPs, investor confidence and the legal system. It highlights the court's commitment to justice and sets a precedent for future disputes in similar projects. The Supreme Court quashed an arbitral tribunal award directing DMRC to pay the amount to DAMEPL, an SPV of Reliance and Spain’s Construcciones Auxiliar de Ferrocarriles. A three-judge bench led by Chief Justice of India (CJI) DY Chandrachud exercised the apex court’s rare powers under Article 142 of the Constitution in a curative petition filed by DMRC to lift the “exorbitant” liability off the public utility’s shoulders. The CJI said DMRC had suffered a “grave miscarriage of justice”. The Court observed, “The process of arbitration was perverted by the arbitral tribunal to provide an undeserved windfall to DAMEPL.”

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App