Mumbai Metro One Private Limited (MMOPL), which operates Mumbai’s first metro line Versova-Andherighatkopar (Metro-1), has got a big relief. The company has entered into an agreement with National Asset Reconstruction Company Limited (NARCL) for the restructuring of its debt. After this agreement, the threat of bankruptcy looming over the company has been averted for the time being.
Under the agreement, the company’s debt worth about Rs 2,771 crore will be restructured. For this, the Master Restructuring Agreement (MRA) was signed between the two parties on 9 July 2026. Now after this agreement, the ongoing bankruptcy process against the company will be withdrawn.
Joint venture of Reliance Infra and MMRDA
Mumbai Metro One Private Limited is a joint venture of Reliance Infrastructure and Mumbai Metropolitan Region Development Authority (MMRDA). Reliance Infrastructure holds 74 percent stake and MMRDA holds 26 percent stake in the company. This company operates and maintains Mumbai’s first metro line.
NARCL will keep an eye on financial monitoring
Under the debt restructuring agreement, NARCL will get the right to appoint one director on the board of directors of the company. Apart from this, a joint monitoring committee of representatives of the company and NARCL will also be formed to ensure compliance with the terms of the agreement. This committee will monitor the entire restructuring process.
There will be no impact on passengers
This agreement is considered very important for Mumbai Metro-1. This will help in stabilizing the financial condition of the company and there will be no impact on the operation of metro services. This is a news of relief for lakhs of passengers every day, because the service will continue without any interruption as before.
Mumbai Metro-1 is counted among the busiest metro lines of the city. More than 5 lakh passengers travel through this line every day. In terms of number of passengers and earnings, it is also included among the most successful metro projects of Mumbai. In such a situation, the debt restructuring agreement is being considered an important step for the company as well as the public transport of the city.
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