Reliance Infra will be debt free: Anil Ambani

On a standalone basis, Reliance Infrastructure has a standalone debt of ₹3,808 crore

Reliance Infrastructure Ltd Chairman Anil Ambani on Tuesday said the firm will get Rs 7,100 crore from the Delhi Metro Rail Corporation (DMRC) following the recent Supreme Court ruling.

He told the shareholder at the annual general meeting that the money would be used to repay the debt of Reliance Infrastructure and the company would become debt free.

On a standalone basis, Reliance Infrastructure has a standalone debt of ₹3,808 crore.

He further disclosed that the power distribution business BSES had regulatory assets of ₹50,000 crore under approval/dispute before various forums for the erstwhile GTD in Delhi and Mumbai. Besides, arbitration claims of ` 15,000 crore were pending before various fora.

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