Auditors to Reliance Infrastructure (RInfra) last week raised concerns over loans extended to some of its construction entities. RInfra, which is executing more than Rs 10,000 crore worth of Mumbai’s projects, will now have a sharper oversight by development authorities so that the project is not impacted.
As of March 2019, RInfra’s order book was at Rs 28,000 crore, all of which are state or central government orders. Three packages of the Mumbai metro project, one package of Mumbai-Nagpur Expressway and the Versova-Bandra Sea Link project in the city are parts of some of the projects underway.
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