Reliance Infrastructure Limited — Others, 29-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
29-07-2025 | 02:17 pm
29-07-2025 | 02:17 pm
Reliance Infrastructure announced that Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs. 560.21 crore with the Bombay High Court Registry. This payment follows a Supreme Court directive for MMRDA to deposit 50% of the arbitration award amount. Previously, the Bombay High Court had ordered the deposit of the entire award, approximately ₹1,169 crore, in favor of Mumbai Metro One Private Limited (MMOPL), a 74% owned subsidiary. This deposit marks a key step in MMOPL securing the arbitration award, which is positive for the company's financial position.
No comments yet. Be the first to comment!
