
Reliance Infrastructure has received a favourable court order confirming a major arbitral award for its joint venture Mumbai Metro One Private Limited (MMOPL).
The judgment dated February 24, 2026, partially upheld the award originally dated August 29, 2023, and corrected on February 26, 2024. The court directed that the amount of ₹516 crore, together with accrued interest from August 29, 2023, be released from funds deposited by the Mumbai Metropolitan Region Development Authority.
The payout will be made after eight weeks from the judgment. The source of funds is the MM‑RDA deposits held with the High Court, ensuring the amount is secured pending reconciliation as prescribed by the order.
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Reliance Infrastructure holds a 74% stake in Mumbai Metro One Private Limited, while the Mumbai Metropolitan Region Development Authority retains 26%. The majority holding places Reliance in a strong position to benefit from the awarded sum.
MMOPL is conducting a detailed review of the judgment to assess any further legal actions advised by counsel. The company remains committed to transparent communication as required under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements, 2015.
As of February 26, 2026, at 2:57 PM, Reliance Infrastructure share price on NSE was trading at ₹94.25 down by 3.46% from the previous closing price.
The Bombay High Court decision confirms a payment of ₹516 crore plus interest to Mumbai Metro One, reinforcing Reliance Infrastructure’s financial position in the metro rail joint venture.
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Published on: Feb 26, 2026, 3:55 PM IST

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