Shares of Reliance Infrastructure Ltd (RIL) may see buying interest, as the Supreme Court has allowed refund of the money Reliance Energy has been depositing with the Court’s registry in the ongoing legal tussle over hike in fares of Mumbai Metro. RIL, which owns Reliance Energy, leads the consortium that operates the metro services in Mumbai. The Court in March had allowed RIL to collect the fare, but asked it to deposit 50 per cent of the variable amount to the registry on a weekly basis.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.