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Mumbai Metro Restructures ₹1100 Cr Debt

10 Jul

Summary

Mumbai Metro arm debt reduced by over ₹1,100 crore.
Insolvency proceedings against MMOPL to be withdrawn.
NARCL to nominate a director to MMOPL's board.

Mumbai Metro One Private Limited (MMOPL), a subsidiary of Reliance Infrastructure, has reached a significant debt restructuring agreement with the National Asset Reconstruction Company Limited (NARCL).

This deal, executed on July 9, 2026, will reduce MMOPL's debt by more than ₹1,100 crore as of March 31, 2026. The agreement covers the entire financial obligation towards NARCL, totaling ₹2,771.32 crore.

As a direct consequence of this restructuring, insolvency proceedings initiated against MMOPL will be withdrawn. This marks a crucial step in strengthening the company's financial position and ensuring operational continuity.

MMOPL, a joint venture between Reliance Infrastructure and MMRDA, operates the vital Versova-Andheri-Ghatkopar Metro Line-1, serving over five lakh commuters daily. The restructuring aims to enhance its long-term operational sustainability.

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