/ Reliance Infrastructure Surges 4% After Winning Arbitration Against DMRC ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 12 May 2017

The stock of Reliance Infrastructure, a leading infrastructure company on Friday rose more than 4% in the morning session on the BSE. It is trading at Rs 616 per share up by 4.1%. It hit a high of Rs 630 and a low of Rs 611.90 during the morning hours.

On the NSE, the traded volume of the shares is 18,20,034 and the traded value of the stock is Rs 11,211.41 lakhs. The free-float market capitalisation of the company is Rs 8103.41 crores.

Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Reliance Infrastructure, has won an arbitration against Delhi Metro Rail Corporation (DMRC).

It would reportedly give the company a compensation of Rs 2,950 crore for the termination of the concession agreements for the project, mentioned a national news portal.

Reliance Infrastructure Limited is involved in the infrastructure sector. The company is a utility company with presence across the chain of power businesses, such as generation, transmission, distribution and power trading.

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