New Delhi, Aug. 13 -- Shares of Reliance Infrastructure were locked in the 5% lower circuit on Wednesday, August 13, despite a favourable verdict by an arbitral tribunal for the company.

Reliance Infrastructure secured an arbitration award of approximately Rs.526 crore against Aravali Power Company Private Limited (APCPL), the company said in an exchange filing today.

The dispute arose from the alleged wrongful termination of a contract by APCPL in 2018, which Reliance Infrastructure contested through arbitration proceedings.

The Arbitral Tribunal, by a majority decision, has now ruled that the termination of the contract was invalid. In line with this ruling, the Tribunal has awarded consequential claims of ~ Rs.526 crore in favour of...