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Blog Entry# 6114401
Posted: Jul 04 (20:48)

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MMOPL/Mumbai Metro
Jul 04 (20:48)   Maharashtra Cabinet Approves One-Time Settlement of Mumbai Metro's Debt

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Entry# 6114401         Tags   Past Edits
MMRDA may explore a one-time settlement for debt owed by Mumbai Metro

The Maharashtra cabinet has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to explore a one-time settlement of the debt owed by Mumbai Metro One Pvt Ltd (MMOPL) to its lenders. MMOPL, a joint venture of Reliance Infrastructure and MMRDA, had previously signed a debt settlement agreement with lenders in March...
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2023, committing to pay ₹1,700 crore. However, MMRDA's inability to acquire Reliance Infrastructure's 74% stake in MMOPL led to the cabinet's decision to pursue a one-time settlement of the debt. The total debt, including interest, amounts to ₹3,000 crore. The MMRDA Commissioner is expected to convene a meeting with all six lenders of MMOPL to discuss the settlement. MMOPL has been regularly paying interest to the lenders since April 2023, amounting to over ₹225 crore.

Maharashtra cabinet ne Mumbai Metropolitan Region Development Authority (MMRDA) ko Mumbai Metro One Pvt Ltd (MMOPL) ke lenders ko debt ka one-time settlement karne ke liye kaha hai. MMOPL, Reliance Infrastructure aur MMRDA ka joint venture hai, aur March 2023 me lenders ke saath debt settlement agreement sign kiya tha, jisme...
more...
₹1,700 crore dene ka commitment kiya gaya tha. Lekin, MMRDA ki Reliance Infrastructure ke 74% stake ko acquire karne ki asamarthta ke karan, cabinet ne MMOPL ke debt ka one-time settlement karne ka faisla kiya hai. Total debt, interest ke saath, ₹3,000 crore hai. MMRDA Commissioner MMOPL ke sabhi chhe lenders ke saath meeting karne ja rahe hain, jisme settlement par baat hogi. April 2023 se, MMOPL regularly lenders ko interest pay kar raha hai, jo ₹225 crore se zyada hai.
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