In order to cap the potential losses, Reliance Infrastructure is in the process of drawing out of mega projects worth 20,000 crore on account of undue delays by Government agencies in fulfilling commitments relating to these projects. Company’s four projects, Mumbai Metro line 2, Mumbai Sea Link extension project and two ultra mega transmission projects, have been stuck without clearances. The company foreseeing no clearance in the coming future is planning to change gears by pulling out of these projects.
Further, the company is also in arbitration, seeking termination of its Delhi Airport Metro Express line which is completed but is making losses.
