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Metro Projects
Infrastructure major Larsen & Toubro on Friday said that disinvestment of its stake in Hyderabad metro project will be completed by the end of current financial year. "We expect the divestment to get completed by the end of the current fiscal FY26," L&T said in a filing to BSE. The company said that Telangana government will take over the Hyderabad Metro SPV by refinancing the current debt and acquiring equity of L&T Metro Rail (Hyderabad) Ltd at the agreed values An in principle understanding has been reached between both on the same. Official sources on Thursday said that Telangana government has agreed to take over Phase-I of Hyderabad Metro Rail project from L&T Group by paying Rs 2,000 crore for the equity in the concessionaire L&T Metro Rail Hyderabad Ltd. It was agreed that the state government would also take over the company's debt of Rs 13,000 crore, they had said. L&T has about 90 per cent equity in the project. Last month, the infra major expressed .
The largest Namo Bharat station in the Delhi-Ghaziabad-Meerut corridor, Sarai Kale Khan, is likely to be completed by the end of April. According to an official statement, with key construction and electrification works nearing completion, trial runs on the stretch between New Ashok Nagar and Sarai Kale Khan are expected to begin by the end of this month. The National Capital Region Transport Corporation (NCRTC) stated that track work between New Ashok Nagar and Sarai Kale Khan stations has been completed. Sarai Kale Khan will serve as a major transport hub, connecting the Namo Bharat corridor with Hazrat Nizamuddin Railway Station, Delhi Metro's Pink Line, the Veer Haqeeqat Rai Inter-State Bus Terminal (ISBT) and Ring Road, it stated. To enhance interconnectivity, a 280-meter-long foot overbridge (FOB) is being built to link the Namo Bharat station with Hazrat Nizamuddin Railway Station, it mentioned. The NCRTC stated that this FOB, equipped with six travelators, will ensure smoo
The National Capital Region Transport Corporation (NCRTC), India's first regional rapid rail project, has received an allocation of more than Rs 2,900 crore in the Union Budget 2025-26 announced on Saturday. The NCRTC has started its operation in Delhi from January 5 after Prime Minister Narendra Modi inaugurated a 13-km section of the corridor from Sahibabad in Ghaziabad to New Ashok Nagar in the national capital. The NCRTC received a total outlay of 2,918 crore in the current budget, while it was Rs 3,855 crore in last budget's revised estimates. The union budget for 2025-26 was presented by Finance Minister Nirmala Sitharaman on Saturday. After the inauguration of the NCRTC's Delhi section, commuters from the national capital can reach Meerut South in just 40 minutes. Currently, two stations -- Anand Vihar and New Ashok Nagar -- are operational in Delhi, while a third one is under construction at Sarai Kale Khan. The 82-km Regional Rapid Transit System (RRTS) corridor originat
President Droupadi Murmu on Friday said India has the world's third-largest metro network spanning over 1,000 km and emphasised that efforts to streamline urban transportation are underway. Addressing a joint sitting of Parliament, which marked the start of the Budget session, Murmu said that metro projects in Delhi, Pune, Thane and Bengaluru, along with the recently launched Namo Bharat Rapid Rail on the Ahmedabad-Bhuj route, are shaping the cities of a 'Viksit Bharat'. To accelerate the journey towards 'Viksit Bharat', it is essential to make Indian cities future-ready, she said. In this direction, the government is focused on modernising urban amenities and making them energy-efficient. Simultaneously, the foundation is being laid for the development of new cities, she added. "Today, I am extremely pleased to share that India's metro network has crossed the milestone of 1,000 kilometres. India has now become the third-largest country in the world in terms of the metro network,"
Metro services on the Yellow Line will be temporarily regulated from the night of November 14 to November 19 due to civil work on a 490-metre section of the Janakpuri West to R K Ashram. According to the Delhi Metro Rail Corporation (DMRC), the disruption is due to planned construction work on a 490-metre section between Janakpuri West and R K Ashram where the alignment crosses over Haiderpur Badli Mor. Train services on this stretch will be briefly affected from the night of November 14-15 to the night of November 19-20, it said. As a result, there will be no train service between Samaypur Badli and Jahangirpuri after 10.45 pm until the start of revenue services at 7.02 am. Three stations Samaypur Badli, Rohini Sector 18-19 and Haiderpur Badli Mor will remain closed until service resumes upto 7.02 am, it stated. However, trains will continue to operate on the remaining sections of the Yellow Line from Jahangirpuri to Millennium City Centre in Gurugram during this period, the ...
Mumbai's first underground Metro rail corridor, known as Metro Line 3, will start operating from July 24, Bharatiya Janata Party's general secretary Vinod Tawde said on Wednesday. He gave this information in a post on X. Mumbai Metro Line 3, also known as Mumbai Metro Aqua Line or Colaba-Bandra-SEEPZ Line, is a 33.5 km underground route that will connect south Mumbai to the city's western suburbs and is expected to reduce the burden on the suburban locals. "Mumbai's first underground metro (Aqua Line) is starting from July 24, which will give new impetus to the speed of the city," Tawde said in his post. Last month, Research Designs and Standards Organisation (RDSO) successfully completed the trials of rolling stock for the underground Mumbai Metro Line 3. In his post, Tawde also said that Prime Minister Narendra Modi had given a guarantee to make the life of Mumbaikars easier and this is going to be fulfilled through the Metro Line 3. Ashwini Bhide, managing director of the ...
Odisha Chief Minister Naveen Patnaik on Monday laid the foundation stone for the Rs 6,225 crore Bhubaneswar Metro Rail project. Before laying the foundation stone at Ratagada Lenka Sahi near Trisulia, Patnaik held a roadshow on the 26 km route of the proposed metro project. People stood on both sides of the road and different groups performed traditional folk dance and music to welcome the chief minister during the roadshow. "Apan Mane Khusi Ta (Are you happy)", Patnaik asked the people gathered on the occasion. "Today (Jan 1, 2024) will remain in the history of Odisha's development. As promised earlier, we are laying the foundation stone of the metro rail project", he said. Stating that this is the state government's single largest investment made in any infrastructure project in Odisha's history, Patnaik said that this is also the flagship project of Odisha under the 5T (transformational) initiative. Patnaik said the project will have 20 stations covering 26 km from Bhubaneswar
State-owned NBCC on Friday said it has bagged a contract worth Rs 89 crore from the Delhi Metro Rail Corporation Ltd (DMRC) to construct staff quarter residential building for the Bhubaneswar metro rail project. NBCC has been engaged for the construction of a staff quarter residential building by DMRC as Project Management Consultant (PMC), the company said in a statement. The total cost of the work is Rs 88.90 crore. Earlier this year, an MoU was signed between DMRC and NBCC to work together in the field of infrastructure development in India and abroad. NBCC (India) Ltd is a Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company has been listed with National Stock Exchange (NSE) and BSE since 2012. The company is mainly into PMC and real estate business.
Engineering and construction firm Kalpataru Projects International said the company along with overseas subsidiaries and joint ventures bagged new orders worth Rs 3,244 crore and also announced its foray into underground metro rail tunnelling segment. The company said it secured an order for design and construction of an underground metro rail project, marking its foray into electric mobility business with TBM (tunnel boring machine) tunnelling scope. According to a statement, Kalpataru Projects International Ltd (KPIL) along with its joint ventures (JVs) and overseas subsidiaries has secured new orders/notification of awards of Rs 3,244 crore. It has also got orders in the buildings & factories (B&F) business, including KPIL's largest ever design and building contract for a residential project in south India with a built-up area of approximately 13 million square feet from a reputed developer. Besides, the company got orders in the Transmission & Distribution (T&D) ...