"With this refinancing, the final repayment of Rs 1,650 crore on the loans has been extended to year 2037, almost 22 years from date, thereby enhancing financial flexibility for the company," RInfra said in a statement.
The interest rate stands reduced from 13 per cent to 11.75 per cent per annum, it said, adding the average maturity period of loans has now almost doubled to 14 years.
Mumbai Metro One is RInfra's special purpose vehicle created to develop, implement and operate Mumbai's first metro line on a public private partnership (PPP) mode.
The 11.40-km long corridor connecting Versova with Ghatkoper caters to nearly 2.75 lakh commuters every day.
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Mumbai Metro One completed the first year of its operations on June 8 this year and boasts of 99 per cent punctuality and zero cancellation.
On an average, the service runs 368 times on weekdays, with an average frequency of 3.48 minutes.
Shares of RInfra closed at Rs 2.49 apiece on the BSE, 4.62 per cent from previous close.