A compensation of Rs 2,950 crore has been awarded to DAMEPL Reliance Infrastructure‘s arm by an arbitral tribunal against DMRC.

Reliance Infrastructure has said in a statement that “DAMEPL, a subsidiary of RInfra, announced that it has been awarded compensation of Rs 2950 crore by a three member arbitral tribunal in a unanimous decision. The tribunal was constituted from a panel nominated by Delhi Metro Rail Corporation (DMRC).”

RInfra has said that it is going to pay lenders’ debt of Rs 1,900 crore from the compensation award.

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