- Reliance Infrastructure Has offered to quit the project following differences with DMRC and recurring losses. Will have to run the operations till arbitration ends, despite losses.
- DMRC Rejects Reliance’s claim; stands to shoulder losses, debt and interest of around Rs 3,000 crore if Reliance moves out. Failure of this project may affect future PPPs.
“If you don’t have electricity at home, will you go to Reliance officials or straight to Anil Ambani’s house?” asks Paresh Rawal, the protagonist in Oh My God, a recent movie. Multiplex audiences did crack up hearing this tongue-in-cheek reference to Ambani Jr—but there has been a real-life snafu that has got many raised eyebrows. Earlier this month, Anil’s Reliance Infrastructure, the concessionaire for Delhi Metro’s much-hyped Airport Express line, shot off a letter to the Delhi Metro Rail Corporation (DMRC) offering to quit...