STOCKWATCH
·
Integrated Power Utilities
Legal29 Jul 2025, 02:40 pm

Reliance Infrastructure: MMRDA Deposits Rs. 560.21 Crore Towards 50% of Arbitration Award in Favour of Mumbai Metro One Private Limited

AI Summary

Reliance Infrastructure Ltd. has disclosed that the Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs. 560.21 crore towards 50% of the arbitration award in favour of Mumbai Metro One Private Limited (MMOPL), a joint venture between the Company and MMRDA. This is in continuation of the earlier disclosure dated June 10, 2025, where it was informed that the Hon’ble Bombay High Court directed MMRDA to deposit the entire awarded amount of approximately Rs. 1,169 crore (inclusive of accrued interest as of May 31, 2025) with the Registry of the BHC. In a Special Leave Petition filed by MMRDA before the Hon’ble Supreme Court challenging the order dated June 10, 2025, the Hon’ble Supreme Court directed MMRDA to deposit 50% of the award amount. In compliance with the said order, MMRDA has deposited an amount of Rs. 560.21 crore with the Registry of the BHC.

Key Highlights

  • MMRDA deposits Rs. 560.21 crore towards 50% of the arbitration award in favour of MMOPL
  • This is in continuation of the earlier disclosure dated June 10, 2025
  • The Hon’ble Bombay High Court directed MMRDA to deposit the entire awarded amount of approximately Rs. 1,169 crore
  • The Hon’ble Supreme Court directed MMRDA to deposit 50% of the award amount
  • MMRDA has complied with the order and deposited Rs. 560.21 crore with the Registry of the BHC
RELINFRA
Integrated Power Utilities
RELIANCE INFRASTRUCTURE LTD.

Price Impact