NARCL Offers To Take Over Rs 2,658-Crore Debt Of Mumbai Metro 1, With Centre’s Support
Authorities said National Asset Reconstruction Company Ltd (NARCL), a bad loan aggregator supported by the Centre, has proposed to buy…
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MMRDA Explores One-Time Debt Settlement for Mumbai Metro Line 1
The Eknath Shinde government has postponed its plans to purchase Mumbai Metro Line 1. Instead, the State Cabinet has instructed…
Maharashtra Pays Off Debt on Reliance Metro
Mumbai Metro One Pvt Ltd (MMOPL), a subsidiary of Reliance Infrastructure, owes the Maharashtra government a substantial debt of Rs…
Maharashtra government will pay off Rs 1,700 crore in metro debt owed by Reliance Infrastructure arm
It’s possible that the government of Eknath Shinde halted plans to purchase Metro 1. Nonetheless, the state cabinet has directed…
Maharashtra will pay off its Rs 1.7k crore debt instead of purchasing Mumbai Metro 1
The state cabinet has instructed MMRDA’s executive committee to investigate paying out Mumbai Metro One Pvt Ltd (MMOPL)’s lenders in…
After three months, the government reverses course and buys out R-Infra’s Metro-1 stake
MUMBAI: Three months after sanctioning it, the state government has changed its mind about acquiring the Versova-Andheri-Ghatkopar Metro-1. During a…
The plan to purchase Metro 1 from Anil Ambani is approved by the state cabinet
On 21 May, 2024, the State cabinet approved in principle the acquisition of Ghatkopar-Versova Mumbai Metro One owned by Anil…