Reliance Infrastructure Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RELINFRA · price
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Awaiting price reaction for this filing.
The Bombay High Court has pronounced its judgment on MMRDA's challenge to a 2023 arbitral award that was originally ruled in favour of Mumbai Metro One Private Limited (MMOPL), a joint venture where Reliance Infrastructure holds 74% and MMRDA holds 26%. The court has partially upheld the arbitral award, directing that an estimated INR 516 crore plus interest (from August 29, 2023) be released to MMOPL from the amount already deposited by MMRDA with the court, after a reconciliation process and an 8-week waiting period. MMOPL is reviewing the judgment to decide on next legal steps. This is a follow-up to the company's earlier disclosure dated July 29, 2025.
Positive for Reliance Infrastructure shareholders — the partial upholding of the award unlocks an estimated INR 516 crore plus interest for its 74%-owned metro JV, though the exact amount is subject to reconciliation and will only be received after 8 weeks. The 'partially upheld' wording means the final figure could be lower than the original award, so investors should wait for clarity on the reconciled amount.