Reliance Infrastructure (RInfra) has won Arbitration award of Rs 350 crore, including interest, against Government of Goa. The matter went into arbitration when Goa state utility delayed payments to Reliance Infrastructure for power supplied from its 48 MW-Goa Power Plant in Sancoale. The proceeds will be used to pay lenders and reduce the debt of company. The company aims to be debt-free in 2020.
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.
