Reliance Infrastructure compensation hits Delhi Metro Rail Corporation

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The Airport Express Link that the Delhi Metro Rail Corporation (DMRC) was forced to take over in 2013 from a unit of Reliance Infrastructure may end up burning a massive hole in its books and raise questions on its ability to add new lines.

DMRC, co-owned by the Centre and the Delhi government, suffered a loss of Rs 708.45 crore in 2015-16. Its revenue stood at Rs 4,344.25 crore during the period.

Last week, Delhi Airport Metro Express Pvt Ltd, a subsidiary of Reliance Infrastructure, had received an arbitration award of Rs 2,950 crore for termination of concession agreements for the metro express project. The total compensation, including the interest, would mount up to Rs 4,670 crore. This could pose a stumbling block for DMRC to add more routes at a time phase-III is yet to be fully operational and planning for phase-IV is on.
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