Reliance Infrastructure Ordered to Pay ₹494 Crore in Arbitral Dispute

Reliance Infrastructure Ltd, led by Anil Ambani, has been directed to pay ₹494 crore plus interest following a recent arbitral tribunal ruling. The case pertains to a dispute with Aravali Power Company Private Limited (APCPL) over an Engineering, Procurement, and Construction (EPC) contract. The company plans to challenge the decision in court.

Arbitral Tribunal Ruling in APCPL’s Favour

The arbitral tribunal, comprising three members, delivered its verdict on December 18, 2024, with a 2:1 majority ruling in favour of APCPL. The tribunal ordered Reliance Infrastructure to pay ₹494 crore, along with applicable interest. The regulatory filing submitted by Reliance Infrastructure on December 20 acknowledged the tribunal’s decision.

In response, the company has stated its intent to contest the award. “The company is in the process of reviewing the Award and will initiate appropriate legal proceedings to safeguard its interests,” the filing noted.

Closure of Outstanding Debt with Yes Bank

In a separate development, Reliance Infrastructure resolved a financial obligation involving its wholly-owned subsidiary, JR Toll Road Private Limited (JRTR). On November 26, 2024, the company executed a settlement agreement with Yes Bank Limited to close an outstanding debt of ₹271.18 crore, including principal and accrued interest.

Reliance Infrastructure Share performance

As of December 23, 2024, 11:21 AM, the shares of Reliance Infrastructure are trading at ₹293.45 per share with a surge of 1.08% from its previous day’s closing price. Over the last month, the stock has seen a surge of 13.38%. While over the year the stock has surged by 49.15% the stock has a 52-week high and 52-week low of ₹351.00 per share and ₹144.45 per share respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.