Reliance Infra's JV Mumbai Metro One Pvt Ltd. wins major arbitration award.

Mumbai Metro One Private Limited (MMOPL), a joint venture of Reliance Infrastructure Limited with Mumbai Metropolitan Regional Development Authority (MMRDA) (where the Company holds 74% and MMRDA holds 26%), operating the Metro Line between Versova - Andheri - Ghatkopar Corridor in Mumbai, is in receipt of the Arbitral Award in the matter of arbitration between MMOPL and MMRDA for various disputes. Award # 1 is in favour of MMOPL for Rs. 992 crore & Award # 2 is against MMOPL for Rs. 103 crore including interest till date.

EQUITYBULLS