DMRC's woes may continue after Delhi govt refuses bailout for RInfra dues

Sources say key meeting between DMRC, central officials and Delhi govt was inconclusive on lack of consensus on modalities to infuse equity of Rs 5,000 crore into DMRC

Delhi Metro Rail Corporation (DMRC) may be headed for a major embarrassment after Delhi government refused to bail the urban transporter out of its Rs 5,000-crore dues to a Reliance Infrastructure subsidiary over the metro’s airport line project, Business Standard has learnt.

People aware of the matter said that the crucial meeting last week between DMRC, central officials, and Delhi government remained inconclusive as the ministry of housing and urban affairs (MoHUA) and the Delhi government could not attain consensus on the modalities to infuse equity of Rs 5,000 crore into DMRC.

DMRC is a joint venture between the centre