Mumbai:Reliance Infrastructure Limited on Friday said its subsidiary Mumbai Metro One Private Limited (MMOPL) has entered into a debt restructuring agreement with the National Asset Reconstruction Company Limited (NARCL), resulting in a debt reduction of more than Rs 1,100 crore and the withdrawal of insolvency proceedings against the company.

In a regulatory filing, Reliance Infrastructure said MMOPL -- a joint venture in which it holds a 74 per cent stake and the Mumbai Metropolitan Region Development Authority (MMRDA) owns the remaining 26 per cent -- signed the agreement with the government-backed NARCL on July 9.

The restructuring will reduce MMOPL's debt payable to NARCL by more than Rs 1,100 crore, based on the outstanding amount as of March 31, 2026, and lead to the withdrawal of insolvency proceedings initiated against the company. Reliance Infrastructure said the debt restructuring marks a significant milestone in resolving MMOPL's debt and strengthening its financial position.