Legal13 Aug 2025, 01:46 pm
Reliance Infrastructure Wins Arbitration Award of ~ Rs. 526 Crore Against Aravali Power Company
AI Summary
Reliance Infrastructure Ltd has secured a favorable arbitral award of approximately Rs. 526 crore against M/s. Aravali Power Company Private Limited (APCPL). The award was passed by an arbitral tribunal in an arbitration invoked by the company against APCPL in relation to an EPC Contract. The tribunal, by a majority, held that the termination by APCPL was illegal, invalid, and wrongful. The company's claims towards damages and costs incurred due to wrongful termination were partly allowed. The proceedings from the award will be utilized by bank debt-free Reliance Infrastructure for growth capital.
Key Highlights
- Reliance Infrastructure wins arbitration award of ~ Rs. 526 crore against Aravali Power Company
- The arbitration was invoked by the company against APCPL in relation to an EPC Contract
- The arbitral tribunal, by a majority, held that the termination by APCPL was illegal, invalid, and wrongful
- The company's claims towards damages and costs incurred due to wrongful termination were partly allowed
- The proceedings from the award will be utilized by bank debt-free Reliance Infrastructure for growth capital