Reliance Infra Jumps Nearly 5% as Supreme Court-Backed MMRDA Payment Boosts MMOPL Arbitration Case

Mumbai, July 29, 2025 — Reliance Infrastructure Ltd (NSE: RELINFRA | BSE: 500390) surged 4.61% on Tuesday, closing at ₹341.45, following a favorable legal milestone in its long-standing arbitration case. The stock opened at ₹316.00 and touched an intraday high of ₹342.70, driven by positive investor sentiment after the Mumbai Metropolitan Region Development Authority (MMRDA) deposited ₹560.21 crore—representing 50% of the arbitration award—into the Bombay High Court’s registry, as directed by the Hon’ble Supreme Court.

The development pertains to Mumbai Metro One Pvt Ltd (MMOPL), a joint venture where Reliance Infrastructure holds a 74% stake and MMRDA holds 26%. This partial payout marks a critical move toward resolving the financial dispute and significantly boosts Reliance Infra’s recovery prospects.

The closing strength at ₹341.45 reflects strong investor confidence as the legal proceedings edge closer to a final resolution.

Supreme Court Compliance on Arbitration

In a significant development, the Supreme Court has modified the Bombay High Court’s earlier directive requiring MMRDA to deposit the full arbitration award of approximately ₹1,169 crore in favor of Mumbai Metro One Pvt Ltd (MMOPL—74% held by Reliance Infrastructure, 26% by MMRDA). Instead, the Supreme Court has ordered that MMRDA deposit only 50% of the awarded amount, i.e., around ₹584.5 crore, as interim compliance for staying the full deposit requirement.

The High Court had initially directed MMRDA on June 10, 2025 to deposit ₹1,169 crore (which includes the ₹992 crore award plus accrued interest through May 31, 2025) by July 15, 2025, deeming the arbitration award valid and rejecting MMRDA’s plea for an unconditional stay. MMRDA had contended that the arbitral award was flawed, partly relying on a dissenting tribunal member’s view and procedural inconsistencies in awarding costs

Arbitration Summary

Reliance Infrastructure confirmed the deposit in its regulatory filing under SEBI LODR Regulation 30.

Stock Performance Snapshot

Reliance Infrastructure Ltd closed at ₹341.45 on Tuesday, up by ₹15.05 or 4.61% from the previous session. The stock opened at ₹316.00 and touched an intraday high of ₹342.70 and a low of ₹316.00. The trading day concluded at 3:30 PM IST on July 29, reflecting strong investor interest and momentum near the upper circuit.

The stock traded within a range of ₹314.15 to ₹342.50 during the day, nearing its 52-week high of ₹425.00 and well above the low of ₹190.20. With a Volume Weighted Average Price (VWAP) of ₹330.69, the company’s full market capitalization stands at ₹13,567.49 crore, while its free float market cap is ₹9,753.51 crore. The day’s turnover reached ₹5.92 crore, and the stock is currently trading with a PE ratio of -12.63 and a PB ratio of 1.71.

About the Company

Reliance Infrastructure Ltd is a prominent player in India’s infrastructure and power sectors, listed on both the NSE and BSE under the SmallCap category. The company holds a majority stake in Mumbai Metro One and has a diversified portfolio spanning defence, transportation (roads and metro rail), and power distribution. Currently, Reliance Infrastructure is under IRP Stage 0, indicating preliminary proceedings under the insolvency resolution framework without formal initiation.

REF: https://nsearchives.nseindia.com/corporate/RELINFRA_29072025141525_SEDisclosureMMOPL29072025.pdf

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