Reliance Infra’s Mumbai Metro One loan restructuring agreement!

Reliance Infrastructure Limited on Friday said that its subsidiary Mumbai Metro One Private Limited (MMOPL) has entered into a debt restructuring agreement with government-backed National Asset Reconstruction Company Limited (NARCL), under which the company’s debt of more than Rs 1,100 crore will be reduced and the insolvency proceedings against it will also be withdrawn.

In an exchange filing, Reliance Infrastructure said MMOPL, a joint venture in which it holds 74 per cent stake while the remaining 26 per cent stake is held by the Mumbai Metropolitan Region Development Authority (MMRDA), signed this agreement with NARCL on July 9.

According to the company, this restructuring will reduce the debt payable to NARCL by more than Rs 1,100 crore based on the outstanding amount as on March 31, 2026. Along with this, the insolvency process initiated against MMOPL will also be withdrawn.

Reliance Infrastructure said that this agreement is an important step towards debt resolution of MMOPL and will make the financial position of the company stronger than before.

The company says that after debt restructuring, MMOPL will be able to focus better on the operation and maintenance of Versova-Andheri-Ghatkopar Metro Line-1. Additionally, this will also strengthen the long-term operating efficiency and financial stability of the company.

MMOPL owns, operates and maintains Versova-Andheri-Ghatkopar Metro Line-1, one of Mumbai’s busiest metro lines, serving more than 5 lakh passengers daily. Earlier, on February 25, 2026, Reliance Infrastructure had informed the stock exchange about the developments related to this matter.

Earlier in June, Reliance Infrastructure had announced that it is also expanding in the field of Artificial Intelligence (AI) and other new technologies through its affiliate companies. According to the company, it is taking necessary steps to actively participate in the rapidly developing AI ecosystem and its related technical areas.