Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Reliance Infrastructure has been awarded compensation of Rs 2,950 crore by a three member Arbitral Tribunal, a company statement said.
Reliance Infrastructure (R-Infra) has reported a 7.2 per cent rise in its net profit for the April-June quarter, on the back of lower expenses. The company reported a consolidated net profit of Rs 439 crore, against Rs 409 crore reported a year ago.
Brookfield, the worldÂ´s second biggest manager of alternative assets like real estate and private equity from Canada, has emerged as the frontrunner to take over the entire portfolio of 11 road projects of Reliance Infrastructure for an enterprise value of Rs.8,000 crore.
Reliance InfrastructureÂ´s consolidated net profit increased by mere 2 per cent to Rs.463 crore for the quarter ended December 31, 2015 against Rs.452 crore in Q3 FY15. The companyÂ´s cement business and Mumbai Metro continue to incur loss at Rs.44 crore and Rs.49 crore respectively.
A staggering 90 per cent of coal-based thermal power plants in India fare unsatisfactorily on the environmental front. While state-owned power generation companies are among the worst performers, plants owned by private firms have performed better on environmental and energy parameters.
Delta, a leading provider of video wall solutions, has provided a high-end video wall solution to the Operations Control Centre (OCC) of Mumbai Metro One Pvt. Ltd. Mumbai Metro One Pvt. Ltd (MMOPL) is a joint venture company owned by Reliance Infrastructure, Veolia Transport