Reliance Infra Subsidiary MMOPL Restructures Debt, Reduces Debt by ₹1100 Cr

Reliance Infrastructure Ltd announced that its subsidiary, Mumbai Metro One Private Limited (MMOPL), has successfully completed a debt restructuring agreement with National Asset Reconstruction Company Limited (NARCL). This restructuring will lead to a reduction of MMOPL's debt by over ₹1,100 crore and the withdrawal of insolvency proceedings against it. MMOPL operates the Versova–Andheri–Ghatkopar Metro Line-1, a critical transport link for Mumbai. The agreement aims to strengthen MMOPL's financial position, ensuring uninterrupted operations and long-term sustainability. The total size of the agreement is Rs. 2,771.32 crore, and NARCL will have the right to nominate a director to MMOPL's board.