Award29 Jul 2026, 01:30 pm
Reliance Infra Wins ₹157.64 Cr Arbitration Award from MMRDA
AI Summary
Reliance Infrastructure Ltd has received an Arbitral Award dated July 27, 2026, in arbitration with Mumbai Metropolitan Regional Development Authority (MMRDA). The award pertains to subordinated debt provided by Reliance Infra to Mumbai Metro One Private Limited (MMOPL), a joint venture where Reliance Infra holds 74%. The Arbitral Tribunal, by a 3:0 majority, has granted Reliance Infrastructure ₹157.64 crore towards the cost of subordinated debt, along with interest. This award relates to the operation of the Versova – Andheri - Ghatkopar Metro Line in Mumbai.
Key Highlights
- Reliance Infra awarded ₹157.64 crore in arbitration against MMRDA.
- Award relates to subordinated debt for Mumbai Metro One Private Limited.
- Arbitral Tribunal ruled with a 3:0 majority in favor of Reliance Infra.
- The company will receive the awarded amount plus interest.
Price Impact
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