Re-mumbai

Reliance Infrastructure wins ₹157.64 crore arbitration award in Mumbai Metro 1 dispute

Reliance Infrastructure has secured a ₹157.64 crore arbitration award in its long-running dispute with the Mumbai Metropolitan Region Development Authority (MMRDA) over subordinated debt related to Mumbai Metro One Pvt Ltd (MMOPL), the operator of the Versova-Ghatkopar Metro Line 1. In a regulatory filing, the company said a three-member arbitral tribunal unanimously awarded ₹157.64 crore […]