As the country looks to create world-class infrastructure, Mass Rapid Transit System is being developed across Indian metros to provide a fast, easy and comfortable commute through high-speed trains. Reliance Infrastructure partnered with MMRDA in Mumbai to successfully implement a world-class mass rapid transport system for the city of Mumbai.

Versova-Andheri-Ghatkopar Corridor, a Mass Rapid Transit System (MRTS) project was awarded by Mumbai Metropolitan Region Development Authority (MMRDA) through a global competitive bidding process on Public-Private-Partnership (PPP) framework to R Infra led consortium in 2007. This was the first Metro project awarded in the country on a PPP basis and entails design, financing, construction, operation and maintenance of about 12 km elevated metro with 12 stations en-route.

A special purpose vehicle, namely, Mumbai Metro One Private Limited (MMOPL) was incorporated for the implementation of the project. R Infra holds 69% of the equity share capital of MMOPL, while MMRDA holds 26% and remaining 5% is held by Veolia Transport RATP Asia, France.

Mumbai Metro One has provided much needed east to west connectivity and has carried 550 million happy commuters in its first 5 years of operation.

• Reliance Infrastructure is India’s fastest growing infrastructure company. It ranks among the top listed private companies in this country on all major financial parameters such as assets, sales, profits and market capitalization. With a net worth of Rs. 11,907 crore (USD 2.35 billion), Reliance Infrastructure is also one of India’s most valuable private sector infrastructure companies.

• A part of the Reliance Group, Reliance Infrastructure distributes more than 36 billion units of electricity to over 30 million consumers across an area of over 1.24 lakh sq. kms. The company generates over 940 MW of electricity through its power stations located in Maharashtra, Andhra Pradesh, Kerala, Karnataka and Goa and has emerged as a leading player in the Engineering, Procurement and Construction (EPC) segment of the power sector in India.

• Continuing to draw inspiration from the vision of its legendary founder, Shri Dhirubhai Ambani, the company has, in the last few years,expanded its footprint well beyond power generation, transmission, distribution and trading business to other key infrastructure areas. The new business areas consist of highways, roads, bridges, metro rail and other mass rapid transit systems, special economic zones, real estate, etc. As its new business has grown, Reliance Infrastructure has made a conscious and concerted effort to align its people, processes and technological initiatives more closely with its new business strategy and focus.

• Reliance Infrastructure believes in setting new benchmarks in standards of corporate performance and governance through the pursuit of operational and financial excellence, responsible citizenship and profitable growth. The company is realizing its vision not only through scale and size, but also through the pursuit of excellence and the integrity of its values and the quality of its services.

About Reliance Group

• Reliance Group currently has a market capitalization of around Rs 1,30,000 crore (US$ 28 billion), net worth of around of Rs 84,000 crore (US$ 18 billion), operating cash flow of over Rs 12,000 crore (US$ 3 billion), net profit of over Rs 7,000 crore (US$ 2 billion) and zero net debt. Across different companies, the group has a customer base of over 100 million, the largest in India, and a shareholder base of over 11 million, among the largest in the world. Through its products and services, the Reliance Group touches the life of 1 out of 8 Indians every single day. It has a business presence that extends to over 20,000 towns and 4.5 lakhs villages in India, and 5 continents across the world.

• The interests of the Group range from communications (Reliance Communications) and financial services (Reliance Capital Ltd), to generation, transmission and distribution of power (Reliance Energy), infrastructure and entertainment.

Mumbai Metropolitan Region Development Authority (MMRDA) was set up on the 26th January, 1975 under the Mumbai Metropolitan Region Development Authority Act, 1974 by the Government of Maharashtra as an apex body for planning and co-ordination of development activities in the Mumbai Metropolitan Region comprising of Mumbai and its influence area. For more information, please visit: mmrda.maharashtra.gov.in

This is the 1st metro project in the country financed by Indian banks. The project has been financed by a consortium of banks led by Syndicate Bank. The other banks in the consortium are Indian Bank, State Bank of Hyderabad, Bank of Maharashtra, IDBI Bank and India Infrastructure Finance Company (UK). The project has received the support of its lenders and without them it may not have been a success.