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Anil Ambani-led RInfra settles dues worth Rs 26.40 bn of Maharashtra govt

RInfra had this week announced the completion of the sale of its entire Mumbai energy business to Adani Transmission for Rs 188 billion

Press Trust of India  |  Mumbai 

Representative Image
Representative Image

The Maharashtra on Friday said it has received a payment of Rs 26.40 billion from Anil Ambani-led Infrastructure towards the arrears of and taxes.

The payment was made in two instalments through GRAS (Government Receipt Accounting System) payment system on August 29 and August 30, it added.

"has paid Rs 26.40 billion towards arrears of and taxes, which it had defaulted since 2016," a statement issued by the state department said.

had this week announced the completion of the sale of its entire business to Transmission for Rs 188 billion.

With this deal, Transmission will now have to cater to RInfra's three million customers, entailing 1,892 megawatts (MW) of power distribution along with a generation capacity of 500 MW coal-based plant at Dahanu and over 540 circuit km of the

Also, with this single deal, has managed to reduce its debt by 65 per cent, from Rs 220 billion to Rs 75 billion.

First Published: Fri, August 31 2018. 21:23 IST