MMRDA deposited Rs. 560.21 crore towards 50% of the Award amount in favour of MMOPL, a subsidiary of the Company

Update: 2025-07-29 18:48 IST

This is in continuation of our earlier disclosure dated June 10, 2025 relating to arbitration award in favour of Mumbai Metro One Private Limited (“MMOPL”), a joint venture between the Company (holding 74% stake) and Mumbai Metropolitan Region Development Authority (MMRDA) (holding 26% stake), whereby it was informed that the Hon’ble Bombay High Court (“BHC”), directed MMRDA to deposit the entire awarded amount of approximately ₹1,169 crore (inclusive of accrued interest as of May 31, 2025), with the Registry of the BHC.

In a Special Leave Petition filed by MMRDA before the Hon’ble Supreme Court challenging the order dated June 10, 2025, the Hon’ble Supreme Court directed MMRDA to deposit 50% of the award amount.

In compliance with the said order of the Hon’ble Supreme Court, MMRDA has deposited an amount of Rs. 560.21 crore with the Registry of the BHC.

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