MUMBAI: Mumbai Metro One Private Limited (MMOPL), which runs the 11.4-km, Versova-Andheri-Ghatkopar metro line, has received a financial lifeline, with more than ₹1,100 crore of its debt set to be reduced. Insolvency proceedings against the company will also be withdrawn in the National Company Law Tribunal (NCLT). This would provide financial headroom for the company…
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The 11.4km east-west Metro 1 corridor, operational since 2014, carries more than 5 lakh commuters every day Mumbai: Mumbai Metro One Pvt Ltd (MMOPL), the operator of Mumbai’s Versova-Andheri-Ghatkopar Metro 1, has secured a major debt restructuring agreement that will reduce its debt burden by more than Rs 1,100 crore, with the insolvency proceedings against…