Metro Projects

The government has allocated a total of Rs 19,518 crore to all metro projects across India in the Union Budget 2023-24, officials said on Wednesday. Finance Minister Nirmala Sitharaman in her speech in Lok Sabha said, "Our vision for the 'Amrit Kaal' includes technology-driven and knowledge-based economy with strong public finances, and a robust financial sector. To achieve this, Jan Bhagidari through Sabka Saath Sabka Prayas is essential". A senior official said the total budgetary outlay for year 2023-24 for all metro projects stands at Rs 19,518 crore. The allocation in 2022-23 was Rs 19,130 crore. However, the revised budget estimates for the same for 2022-23 was 15,628 crore, according to budget documents. In recent years, the Union Ministry of Finance has been allocating budget for all metro projects in India, instead of the Delhi Metro's alone, a senior official at the DMRC said. The outlay for this year includes equity investment of Rs 4,471 crore, subordinate debt of Rs 1

In 2021, ADB committed a record $4.6 billion in sovereign loans to India.

Court issues notice to DMRC, seeks reply by Dec 12

The process of financial closure for line number 1 of the upcoming Navi Mumbai metro project has been completed with the signing of an agreement between CIDCO and ICICI Bank for the Rs 500 crore line of credit, a release said on Wednesday. Navi Mumbai Metro Line 1 project is a three-coach metro train. The 11.1-km Belapur to Pendhar stretch of the project comprises 11 stations. "City and Industrial Development Corporation (CIDCO) signed an agreement for the industrial line of credit for Rs 500 crore with the Industrial Credit and Investment Corporation of India (ICICI). With this, the financial closure process for the metro line no. 1 project has been completed," CIDCO said in a release. Speaking about the major milestone, CIDCO vice chairman and MD Sanjay Mukherjee said the works on line number 1 of the project will be expedited. "Due to the Rs. 500 crore line of credit facility from ICICI Bank, the works of Line no. 1 will be expedited and it will be possible to travel on this lin

The BEML's demerged non-core businesses entity, BEM Land Assets Ltd, is expected to be listed in the next one month, a step toward divestment of the engineering major. The government seeks strategic divestment of 26 per cent post BEML demerger process of non-core assets. "Listing of demerged land company will be in a month's time. The valuation process is on. After listing, disinvestment process will be started," BEML chairman and managing director Amit Banerjee said. He was speaking on the sidelines of CII-organized Global Mining Summit 2022. He told PTI that the main assets of the demerged entity will be some total 550 acre of prime land in Bangalore and Mysore. The existing BEML shareholders have been given shares in the new demerged entity in a 1:1 ratio. State-owned BEML was focusing on defence and the metro railway business. Banerjee also mentioned that BEML, which currently has a 90 per cent localisation rate for defense trucks, in light of the government's outlook on mak

In the last hearing on October 10, DMRC told the High Court that if Delhi Metro were to raise loans to pay the arbitration award to DAMEPL, it would fall into a 'debt trap'

Estimated to cost Rs 24,000 crore, the phase looks to connect several gaps in the city's transport infrastructure

The company reported Rs 23,716 crore of orderbook in the fiscal year ended March 2022, up by 18% over the previous year and plans to bid for Rs 1.1 trillion of orders, which are in the pipeline

The Rs 7,420-crore, 23-km project is being financed through debt-to-equity of 1.8 times and the entire debt has been tied up, and the envisaged equity commitment is supported by Tata Sons

Kalpataru Power Transmission Ltd (KPTL) on Tuesday said the company and its international subsidiaries have secured new orders worth Rs 1,345 crore. In a regulatory filing KPTL said, the company and its international subsidiaries have secured new orders/notification of awards of Rs 1,345 crore. The company has bagged the said orders in India and in the overseas market in the transmission and distribution (T&D) business, the filing said. The filing further said that the orders are for pipeline laying works secured in joint ventures or in consortium. Some of the orders are for Metro Rail Electrification in India secured in joint ventures or in consortium. "We are pleased with the new order wins secured across our business verticals. The order wins in the T&D and pipeline business help us to further consolidate our order book and establish leadership in key markets," said Manish Mohnot, Managing Director & CEO, KPTL. Mohnot further said that the second metro rail ...

DMRC is working on the Patna Metro project, which is aimed at decongesting the city using a mass rapid transit network for the first time.

L&T Construction has won a significant order from Delhi Metro Rail Corporation (DMRC) to design and construct the underground metro project of Phase-IV of Delhi MRTS. L&T Construction is the construction arm of infrastructure major Larsen & Toubro (L&T). "The heavy civil infrastructure business vertical of L&T Construction has won a significant order from...DMRC, to design and construct the Underground Metro Project of Phase-IV of Delhi MRTS," L&T said in a statement on Wednesday. According to the company, the value of significant order falls in the range of Rs 1,000-2,500 crore. The major scope of work for the project includes design and construction of a 5-km twin tunnel, cut and cover tunnel box, underground ramp and four underground stations namely Chhatarpur, Chhatarpur Mandir, IGNOU and Neb Sarai with associated works of Aerocity to Tughlaqabad corridor. A major part of the work is in South Delhi, which is to be completed within 42 months. The project is .

The Phase-IV priority corridors are - Janakpuri West - RK Ashram Marg, Majlis Park- Maujpur and Tughalakabad - Aerocity

The Centre has allocated Rs 19,130 crore in the Union Budget 2022-23 for various metro projects in the country.

With the inauguration of this facility, we are looking forward to becoming a leading supplier of components across Alstom's sites globally, says MD Spohr

The Supreme Court Wednesday agreed to consider listing for an urgent hearing the plea of Delhi Metro Rail Corporation (DMRC)

Tamil Nadu Chief Minister M.K. Stalin on Wednesday told the Assembly that his government will urge the Centre to sanction funds for metro rail project for Coimbatore

Maharashtra Deputy Chief Minister Ajit Pawar reviewed the work on Pune Metro Rail project on Friday, a district official said

Metro projects of over 337 km are being carried out in the megapolis, which has only one operational line in the over 10-km Ghatkopar to Versova stretch at present

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