Reliance Infra wins ₹780 crore arbitration against DVC for Raghunathpur Thermal Power Project in West Bengal.

Reliance Infrastructure Ltd has secured a ₹780 crore arbitration victory against Damodar Valley Corporation (DVC) regarding the Raghunathpur Thermal Power Project in West Bengal. The Calcutta High Court upheld the arbitration award, dismissing DVC's challenge. While the court confirmed the award and the release of a ₹600 crore bank guarantee, it excluded relief on pre-award interest totaling ₹181 crore. Reliance Infra is now evaluating its options based on legal counsel.

September 29, 2024
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