Latest news with #MumbaiMetroLine1
India.com
12-06-2025
- Business
- India.com
Anil Ambani hits mega JACKPOT, set to earn Rs 11690000000 due to..., shares of Reliance Infra zoom to...
Anil Ambani (File) In a major milestone and good news for Anil Ambani, Mumbai Metro One Private Limited, a subsidiary of Anil Ambani's company Reliance Infrastructure has received a massive sum of Rs 1,169 crore, thanks to the Bombay High Court Order. On the other hand, the Chairman of Reliance Industries has alos hit a jackpot in a dispute between Anil Ambani's company and Mumbai Municipal Corporation over Mumbai Metro Line 1 (Versova-Andheri-Ghatkopar). Here are all the details you need to know. In the recent development, the Bombay High Court instructed Mumbai Metropolitan Region Development Authority (MMRDA) to pay a whopping amount of Rs 1,169 crore as an arbitration award to Mumbai Metro One Pvt Ltd (MMOPL). Notably, MMOPL is a debt-ridden subsidiary of Reliance Infrastructure and has been operating Mumbai's first metro line between the Versova-Andheri-Ghatkopar Corridor. Responding to the big updatw, Reliance Power and Reliance Infrastructure shares continued to rise, trading at ₹71.67 and ₹405 respectively despite market weakness. , Reliance Infrastructure Limited promoted Reliance Defence Limited (Reliance Defence) has announced a landmark deal for India's defence infrastructure development. In the recent development, the Anil Ambani led company signed a deal with Germany's, Diehl Defence for the production of next-generation Terminally Guided Munitions (TGM). Reliance group founder Anil D Ambani and German arms manufacturer Diehl Defence CEO Helmut Rauch discussed strengthening strategic partnership on guided munition/terminally guided munition that they had entered into in 2019, the two firms said in a statement on Tuesday. 'For Diehl Defence, the collaboration with Reliance Defence is part of the company's commitment to the Indian market and to the 'Make in India' initiative of the Indian government,' the statement said. The main purpose of the current strategic cooperation agreement between the two groups is to focus on the urgent supply of the 'System Vulcano 155mm Precision Guided Munition' for the Indian armed forces. (With inputs from agencies)
Indian Express
07-06-2025
- Business
- Indian Express
Mumbai Metro One turns 11 tomorrow, serving 111 crore passengers since 2014
Mumbai's first east-west Metro corridor, Mumbai Metro Line 1 or Metro One, completes 11 years of operation on Sunday, transporting over 111 crore passengers to date. Since its commencement on June 8, 2014, the 11.4-km Versova-Andheri-Ghatkopar (VAG) corridor has become a lifeline for suburban railway commuters, saving time for the east-west commute. This milestone highlights the increasing dependence on Mumbai's maiden Metro line, which now transports almost 5 lakh passengers daily. 'On its 11-year run, Mumbai Metro One has made more than 12.66 lakh train journeys, traversed more than 1.45 crore km and recorded a punctuality rate of 99.99%,' operator Mumbai Metro One Private Limited (MMOPL) said. Metro One was designed as a fast, modern and secure alternative to the clogged roads and suburban rail network of Mumbai and developed on India's first public-private-partnership (PPP) model, with Reliance Infrastructure and the Mumbai Metropolitan Region Development Authority collaboration. The service was inaugurated by the then chief minister Prithviraj Chavan and opened for public use the same day, attracting thousands of commuters in its early hours. 'Over the years, the Metro has evolved into more than just a transport link. It has become an integral part of Mumbai's daily commute, offering speed, safety, and seamless connectivity,' a Metro One spokesperson said. The line connects two of the city's busiest commercial hubs, Ghatkopar and Andheri and has played a key role in reducing travel time between Versova and Ghatkopar from 90 minutes to just 21 minutes. Besides, the foot traffic at key stations indicates that the line is preferred by commuters with Ghatkopar seeing almost 30 crore travellers, Andheri 23 crore and Saki Naka 11 crore, since its opening. The line is also recently lauded for reducing peak hour bottlenecks, introducing short loop operations between Andheri and Ghatkopar, and facilitating faster turnarounds without affecting full-length operations. Recent connectivity with other Metro lines – Line 2A at D N Nagar, Line 7 at Western Express Highway, and Line 3 at Marol Naka – has facilitated quicker east-west and north-south journeys. This multi-corridor connection has also eased pressure on suburban rail and road networks. 'Mumbai Metro One has been awarded more than 40 international and national awards for innovation, safety, and efficiency. It has also contributed to green mobility through fuel savings and reduction in city emissions. Entering its 12th year, Metro One continues to drive sustainable, intelligent mobility to Mumbai,' the spokesperson added.
