Reliance Infrastructure (RInfra) has won an arbitration award of Rs 292 crore against Government of Goa. The Arbitration Tribunal, in its award on February 16, 2018, has ordered Government of Goa to pay Rs 292 crore to Reliance Infrastructure by April 15, 2018. The Tribunal has also ordered payment of interest at 15% P.A on the total award amount if Government of Goa fails to pay the entire award amount by the deadline.
RInfra is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.
