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News Entry# 544944
Mar 12 (21:45) Maharashtra Cabinet Approves Purchase of Mumbai Metro One Line, Valuing R-Infra Stake at ₹4,000 Crore
Entry# 5995748   
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State cabinet clears proposal to buy Metro 1 from Anil Ambani

The Maharashtra state cabinet has approved the purchase of the Ghatkopar-Versova Mumbai Metro One line, jointly owned by Reliance Infrastructure Limited (R-Infra) and the Mumbai Metropolitan Region Development Authority (MMRDA). R-Infra's 74% stake in the project has been valued at ₹4,000 crore. This comes after years of disputes between the partners,...
more...
with R-Infra claiming losses and MMRDA challenging their claims. The project, initiated in 2007 under the Build-Operate-Transfer (BOT) model, has seen disagreements over construction costs, commercial exploitation of the premises, ticketing structure, and fare hikes. The valuation was determined by a panel led by former chief secretary Johny Joseph using the discounted cash flow model and a report from KROLL, a financial advisory firm. Former chief minister Prithviraj Chavan has criticized the acquisition price, stating it is excessive.

Maharashtra ka state cabinet ne Ghatkopar-Versova Mumbai Metro One line ko kharidne ki approval de di hai. Yeh line Reliance Infrastructure Limited (R-Infra) aur Mumbai Metropolitan Region Development Authority (MMRDA) ke saath joint ownership mein hai. R-Infra ka project mein 74% stake hai aur iski value ₹4,000 crore rakhi gayi hai....
more...
Yeh decision dono partners ke beech saalon se chal rahe dispute ke baad aaya hai. R-Infra nuksan hone ka daawa kar raha tha, aur MMRDA unke claims ko challenge kar raha tha. 2007 mein Build-Operate-Transfer (BOT) model ke neeche shuru kiya gaya yeh project, construction cost, premises ke commercial exploitation, ticketing structure aur fare hikes par disagreements ka shakar bana hai. Valuation, former chief secretary Johny Joseph ke led panel ne kiya hai. Unhone discounted cash flow model aur KROLL, ek financial advisory firm ki report ka use kiya. Former chief minister Prithviraj Chavan ne acquisition price ki criticism karte hue kaha ki yeh bahut zyada hai.
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