Reliance Infrastructure (RInfra) on Saturday reported a consolidated net loss of Rs 106.91 crore for the quarter ended December 31, 2021. The company had marked a net profit of ₹80.08 crore in the year-ago period, Reliance Infrastructure said in a filing to BSE.
Total income from operations rose to ₹4,281.45 crore compared to ₹4,010.59 crore in the corresponding quarter of the previous fiscal year. Total expenses during the quarter under review dropped to ₹4,828 crore from ₹4,950.69 crore.
The Supreme Court of India on January 24, 2022, directed the Delhi High Court (DHC) not to further delay the execution of an award of more than ₹7,200 crore payable by the Delhi Metro Rail Corporation (DMRC) to Delhi Metro Airport Express Private Limited (DMAEPL) – a consortium headed by Reliance Infrastructure Limited (RInfra) which operated the Delhi Airport Metro Express till 2012.
DAMEPL approached the Delhi high court on September 12, 2021. for the execution of the award passed by the arbitration court but complained of delaying tactics by Delhi Metro Rail Corporation Limited (DMRC). On eight occasions, the petition was listed and on January 11, 2022, the Delhi High Court posted the matter to March 29, 2022. The DAMEPL came to the Supreme Court challenging this order for delaying the execution of the award intentionally by DMRC.
