Reliance Infrastructure wins Rs 1,204 cr arbitration award from NHAI
Friday - August 11, 2023 2:59 am ,
Category : BUSINESS
Reliance Infrastructure wins Rs 1,204 cr arbitration award from NHAI
In the matter of arbitration between TK Toll Road Private Limited (TKTR), a wholly owned subsidiary of Reliance Infrastructure and NHAI, in an execution petition, the Delhi High Court, vide order its dated August 9, received by the Company on August 10 directed NHAI to deposit of the awarded amount along with interest total sum of Rs 1,204 crore with the Delhi High Court and allowed TKTR to withdraw the same against the Bank Guarantee.The amount will be utilized for debt reduction, Reliance Infrastructure said in a filing.TK Toll Road provides connectivity from Trichy to Karur in Tamil Nadu via a 82 km long four lane National Highway (NH 67 road).--IANSsan/dpb
(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)
