3 min readJul 10, 2026 10:18 PM IST
Mumbai Metro One Pvt Ltd (MMOPL), which operates the Versova-Ghatkopar Metro corridor, has got a major financial breather with the National Asset Reconstruction Company Ltd (NARCL) taking over and restructuring its debt. The move brings to an end the insolvency proceedings that had been hanging over the company for the past few years.
Under the agreement, MMOPL’s outstanding debt of Rs 2,771.32 crore has been bought out and restructured, bringing down the liability by around Rs 1,100 crore. The company will now owe NARCL about Rs 1,600 crore instead of the earlier amount.
Metro One, Mumbai’s first Metro line, is operated by MMOPL, a joint venture in which Reliance…