Metro finally reaches South Mumbai, successful trial run on Metro 3 line
ECONOMY & POLICY

Metro finally reaches South Mumbai, successful trial run on Metro 3 line

In Mumbai, a significant achievement was reached by the city's metro rail as a metro train on a pre-trial run entered the island city for the first time earlier this week. The train’s journey began at Aarey metro station and it smoothly travelled along the Colaba-Bandra-Seepz (Metro 3 corridor) route till Dadar. The purpose of the trial run was to evaluate the condition of the tracks. After a few days, the trains will run more frequently not only upto Dadar but further south till Siddhivinayak Metro station. Metro 3 is the only corridor that will serve commuters from south Mumbai.

Mumbai-Pune: Cable-stayed bridge will cut commute time
Mumbaikars can expect a quicker journey to Pune within a year because of ongoing construction of a crucial cable-stayed bridge as part of the Rs.66.95 billion missing link project along the Lonavala ghat section. This bridge, with four 182-metre tall pylons, will be a landmark feat, standing against severe wind pressures in Tiger Valley of Lonavala. Once completed, it will reduce travel time by half an hour, benefiting thousands of motorists who commute between Mumbai and Pune daily. The project also includes construction of twin tunnels, recognised by Guinness World Records as the world’s widest, spanning 47 metres over 10 lanes. This project aims to bypass the Khandala ghat section, cutting the distance by over 6 km. 

Huge girder linking Coastal Road with sea link launched  
The Brihanmumbai Municipal Corporation (BMC) successfully launched a massive 25,000-tonne girder connecting the south-bound corridor of the Coastal Road to the Bandra Worli Sea Link. BMC said that the process to launch the bow-string-arch-type girder, spanning 136 metres, at Worli has been completed. According to the civic body, the engineering feat is the first in India to involve such installation in the sea. The girder, which is 18 to 21 metres wide, will connect the 10.5 km stretch of the Coastal Road to the Bandra-Worli sea link. The southbound Coastal Road corridor between Worli and Marine Lines was opened for traffic on March 11 but had not been connected with the sea link.  

Get tickets via UPI on Kolkata Metro's North-South Line
People travelling on Kolkata Metro's North-South Line will soon be able to buy tickets or recharge smart cards using UPI. To pay through UPI, commuters will have to scan the QR code on the dual display board at the ticket counters after the ticketing officer enters the name of the destination station. The facility, which is at present available on Sector V-Sealdah section of the East-West Line, will also be made available on the Howrah Maidan-Esplanade section of the corridor. The facility will be available at the New Garia-Ruby section of the Orange Line and Joka-Taratala section
of the Purple Line in the future. The UPI-based ticketing system was first introduced at the
Sealdah station of the East-West Line on May 7.

Neutral outlook on construction sector for FY25: Ind-Ra
India Ratings and Research (Ind-Ra) has maintained a neutral outlook on the construction sector for FY25, while maintaining a deteriorating sub-sector outlook for roads engineering, procurement and construction (EPC). The agency expects EPC players to post a healthy performance in FY25, with a moderation in the revenue growth rate, accompanied with a modest uptick in operating margins while maintaining adequate liquidity buffers. After the 30 percent CAGR growth over FY20-FY24, the centre’s own capex is projected to grow at 17 percent in FY25, following lower spends in an election year. Acceleration in sector-specific private sector capex and continued growth in state spending may partially offset the lower central spend. 

Chhattisgarh NBCC secures contracts worth Rs.4.5 billion
National Buildings Construction Corporation (NBCC) has recently clinched contracts worth Rs.4.5 billion in Chhattisgarh and Kerala. These contracts signify NBCC's continued commitment to infrastructure development across various regions in the country. In Chhattisgarh, NBCC has been awarded a contract worth Rs1.5 billion for construction of government medical colleges in Raigarh and Ambikapur. These medical colleges are integral to bolstering the healthcare infrastructure in the state, addressing the growing need for quality medical education and services.
Contact: National Buildings Construction Corporation
Website: www.nbccindia.in

All 25 RRTS corridor stations will have EV charging stations
All 25 stations of the Delhi-Ghaziabad-Meerut Regional Rapid Transport System (RRTS) corridor will have electric vehicle (EV) charging stations in their parking areas to boost convenience, clean energy adoption and last-mile connectivity. The first charging station was recently opened at Sahibabad, which is part of the already operational 34km stretch. This is in line with National Capital Region Transport Corporation (NCRTC which is executing the project) vision to provide a green and sustainable transport system.
Contact: National Capital Region Transport Corporation
Website: www.ncrtc.in

Siemens to invest Rs.3.33 billion for Verna manufacturing plant expansion
As part of the Rs.10 billion capital that Siemens plans to invest in India, the German multinational conglomerate said it will expand its existing manufacturing unit in Verna, Goa. The firm’s ‘smart infrastructure business’ is expanding to cater to the rising demand for critical components. The total investment will be
Rs.3.33 billion and this will be the largest investment by Siemens in Goa. As part of the expansion, the factory will manufacture gas insulated switchgear (GIS) and clean air GIS  technologies.
Contact: Siemens
Website: www.siemens.com

TVS SCS wins new business deal for Eicher's bus facility in Baggad
TVS Supply Chain Solutions, one of India's largest and fastest-growing integrated supply chain solutions providers, has secured a new business contract from VE Commercial Vehicles (VECV) to manage in-plant warehousing and logistics at the Eicher bus factory in Baggad, Madhya Pradesh. VECV, a leading manufacturer of commercial vehicles, has been associated with TVS SCS since 2006 for in-plant logistics operations at its truck plant in Pithampur, Madhya Pradesh. The new deal for VECV’s bus plant will last for three years. This two-decade partnership has created over 1,200 job opportunities in Madhya Pradesh.
Contact: TVS Supply Chain Solutions
Website: www.tvsscs.com

Patel Engineering JV is lowest bidder for Rs.3.43 billion water lifting project
Infrastructure company Patel Engineering and its joint venture partner have emerged as the lowest bidder for a `3.43 billion water lifting project in Maharashtra. The project is to be completed in a period of 24 months. The said project is located in Maharashtra and it is to be executed in a joint venture, of which Patel Engineering's share is 35 percent. The contract entails works involving construction of water lifting arrangement work for first stage from submergence of the Jigaon project including civil, mechanical, electrical component and allied works.  
Contact: Patel Engineering
Website: www.pateleng.com

90 GW of renewable energy by 2030 with a focus on solar and wind
Rajasthan aims to achieve 90 gigawatts (GW) of renewable energy capacity by the fiscal year 2029-30 as part of its new energy policy, Jiwesh Nandan, a Distinguished Fellow at The Energy and Resources Institute (TERI) said. Speaking at an industry meeting in Jaipur, he detailed the Rajasthan Renewable Energy Policy 2023, which anticipates 60 GW of variable renewable energy capacity by 2030, including equal contributions from solar photovoltaics and wind. He emphasised the role of consumers in pushing companies toward sustainability.

India’s first IGBC certified net-zero business park  launched in Chennai
Morphogenesis is excited to share the achievement of International Tech Park Chennai, Radial Road (ITPC-Radial Road), developed for CapitaLand Investment (CLI). This is a significant milestone as it reportedly becomes the first business park in India to be certified as net-zero by the Indian Green Building Council (IGBC). This certification recognises the park’s dedication to energy efficiency, water conservation, and waste management. The net zero energy strategy adopted by Morphogenesis incorporates a comprehensive approach, leveraging both passive and active measures to curtail energy consumption while maximising efficiency.  
Contact: Morphogenesis
Tel: 20 29950659
Website: www.morphogenesis.org

Electrification of railway network in Tripura to be done by August this year
The Northeast Frontier Railway (NFR) has set a target of completing electrification of the railway track from Lumding to Sabroom in Tripura before August this year. Out of a total 265 km track from Dharmanagar to Sabroom via Agartala, electrification has been completed along 165 km while the remaining 100 km will be finished by August this year.  
Contact: The Northeast Frontier Railway
Website: www.nfr.indianrailways.gov.in

Kundan Green Energy to develop a Greenfield hydropower plant at Okhali  
Kundan Green Energy announced its mandate to develop a greenfield hydropower plant at Okhali in Uttarakhand. The government awarded the project to the company in view of its consistently demonstrated record of executing hydropower projects on best-in-class standards, committed time-frames and optimal results. To be completed in 2028, the project will generate 42 MW of power (with a future potential to expand this to 60 MW), adding very substantially to the state’s renewable energy generation. Once commissioned, it will take the combined hydropower capacities of the company to 270 MW from the present 104 MW {+ an additional 24 MW at the under construction project at Rally Chu in Sikkim}.
Contact: Kundan Green Energy
Email: info@kundangreenenergy.com
Website: www.kundangreenenergy.com

GreenCell Mobility bags Rs.3 bn financing for transformative electric bus project
GreenCell Mobility has secured Green Financing (`3 billion) from Sumitomo Mitsui Banking Corporation (SMBC) for its transformative electric bus project in Uttar Pradesh. As per the agreement, SMBC extended a long-term project finance facility for the 350 electric buses project. The project is expected to reduce about 0.235 million tonnes of CO2 emissions by facilitating the deployment of nine metres fully-built pure AC electric buses across eight cities in Uttar Pradesh.
Contact: GreenCell Mobility
Tel: 022 6907 4500
Email: contact@greencellmobility.com
Website: www.greencellmobility.com
                                               

In Mumbai, a significant achievement was reached by the city's metro rail as a metro train on a pre-trial run entered the island city for the first time earlier this week. The train’s journey began at Aarey metro station and it smoothly travelled along the Colaba-Bandra-Seepz (Metro 3 corridor) route till Dadar. The purpose of the trial run was to evaluate the condition of the tracks. After a few days, the trains will run more frequently not only upto Dadar but further south till Siddhivinayak Metro station. Metro 3 is the only corridor that will serve commuters from south Mumbai.Mumbai-Pune: Cable-stayed bridge will cut commute timeMumbaikars can expect a quicker journey to Pune within a year because of ongoing construction of a crucial cable-stayed bridge as part of the Rs.66.95 billion missing link project along the Lonavala ghat section. This bridge, with four 182-metre tall pylons, will be a landmark feat, standing against severe wind pressures in Tiger Valley of Lonavala. Once completed, it will reduce travel time by half an hour, benefiting thousands of motorists who commute between Mumbai and Pune daily. The project also includes construction of twin tunnels, recognised by Guinness World Records as the world’s widest, spanning 47 metres over 10 lanes. This project aims to bypass the Khandala ghat section, cutting the distance by over 6 km. Huge girder linking Coastal Road with sea link launched  The Brihanmumbai Municipal Corporation (BMC) successfully launched a massive 25,000-tonne girder connecting the south-bound corridor of the Coastal Road to the Bandra Worli Sea Link. BMC said that the process to launch the bow-string-arch-type girder, spanning 136 metres, at Worli has been completed. According to the civic body, the engineering feat is the first in India to involve such installation in the sea. The girder, which is 18 to 21 metres wide, will connect the 10.5 km stretch of the Coastal Road to the Bandra-Worli sea link. The southbound Coastal Road corridor between Worli and Marine Lines was opened for traffic on March 11 but had not been connected with the sea link.  Get tickets via UPI on Kolkata Metro's North-South LinePeople travelling on Kolkata Metro's North-South Line will soon be able to buy tickets or recharge smart cards using UPI. To pay through UPI, commuters will have to scan the QR code on the dual display board at the ticket counters after the ticketing officer enters the name of the destination station. The facility, which is at present available on Sector V-Sealdah section of the East-West Line, will also be made available on the Howrah Maidan-Esplanade section of the corridor. The facility will be available at the New Garia-Ruby section of the Orange Line and Joka-Taratala sectionof the Purple Line in the future. The UPI-based ticketing system was first introduced at theSealdah station of the East-West Line on May 7.Neutral outlook on construction sector for FY25: Ind-RaIndia Ratings and Research (Ind-Ra) has maintained a neutral outlook on the construction sector for FY25, while maintaining a deteriorating sub-sector outlook for roads engineering, procurement and construction (EPC). The agency expects EPC players to post a healthy performance in FY25, with a moderation in the revenue growth rate, accompanied with a modest uptick in operating margins while maintaining adequate liquidity buffers. After the 30 percent CAGR growth over FY20-FY24, the centre’s own capex is projected to grow at 17 percent in FY25, following lower spends in an election year. Acceleration in sector-specific private sector capex and continued growth in state spending may partially offset the lower central spend. Chhattisgarh NBCC secures contracts worth Rs.4.5 billionNational Buildings Construction Corporation (NBCC) has recently clinched contracts worth Rs.4.5 billion in Chhattisgarh and Kerala. These contracts signify NBCC's continued commitment to infrastructure development across various regions in the country. In Chhattisgarh, NBCC has been awarded a contract worth Rs1.5 billion for construction of government medical colleges in Raigarh and Ambikapur. These medical colleges are integral to bolstering the healthcare infrastructure in the state, addressing the growing need for quality medical education and services.Contact: National Buildings Construction CorporationWebsite: www.nbccindia.inAll 25 RRTS corridor stations will have EV charging stationsAll 25 stations of the Delhi-Ghaziabad-Meerut Regional Rapid Transport System (RRTS) corridor will have electric vehicle (EV) charging stations in their parking areas to boost convenience, clean energy adoption and last-mile connectivity. The first charging station was recently opened at Sahibabad, which is part of the already operational 34km stretch. This is in line with National Capital Region Transport Corporation (NCRTC which is executing the project) vision to provide a green and sustainable transport system.Contact: National Capital Region Transport CorporationWebsite: www.ncrtc.inSiemens to invest Rs.3.33 billion for Verna manufacturing plant expansionAs part of the Rs.10 billion capital that Siemens plans to invest in India, the German multinational conglomerate said it will expand its existing manufacturing unit in Verna, Goa. The firm’s ‘smart infrastructure business’ is expanding to cater to the rising demand for critical components. The total investment will beRs.3.33 billion and this will be the largest investment by Siemens in Goa. As part of the expansion, the factory will manufacture gas insulated switchgear (GIS) and clean air GIS  technologies.Contact: SiemensWebsite: www.siemens.comTVS SCS wins new business deal for Eicher's bus facility in BaggadTVS Supply Chain Solutions, one of India's largest and fastest-growing integrated supply chain solutions providers, has secured a new business contract from VE Commercial Vehicles (VECV) to manage in-plant warehousing and logistics at the Eicher bus factory in Baggad, Madhya Pradesh. VECV, a leading manufacturer of commercial vehicles, has been associated with TVS SCS since 2006 for in-plant logistics operations at its truck plant in Pithampur, Madhya Pradesh. The new deal for VECV’s bus plant will last for three years. This two-decade partnership has created over 1,200 job opportunities in Madhya Pradesh.Contact: TVS Supply Chain SolutionsWebsite: www.tvsscs.comPatel Engineering JV is lowest bidder for Rs.3.43 billion water lifting projectInfrastructure company Patel Engineering and its joint venture partner have emerged as the lowest bidder for a `3.43 billion water lifting project in Maharashtra. The project is to be completed in a period of 24 months. The said project is located in Maharashtra and it is to be executed in a joint venture, of which Patel Engineering's share is 35 percent. The contract entails works involving construction of water lifting arrangement work for first stage from submergence of the Jigaon project including civil, mechanical, electrical component and allied works.  Contact: Patel EngineeringWebsite: www.pateleng.com90 GW of renewable energy by 2030 with a focus on solar and windRajasthan aims to achieve 90 gigawatts (GW) of renewable energy capacity by the fiscal year 2029-30 as part of its new energy policy, Jiwesh Nandan, a Distinguished Fellow at The Energy and Resources Institute (TERI) said. Speaking at an industry meeting in Jaipur, he detailed the Rajasthan Renewable Energy Policy 2023, which anticipates 60 GW of variable renewable energy capacity by 2030, including equal contributions from solar photovoltaics and wind. He emphasised the role of consumers in pushing companies toward sustainability.India’s first IGBC certified net-zero business park  launched in ChennaiMorphogenesis is excited to share the achievement of International Tech Park Chennai, Radial Road (ITPC-Radial Road), developed for CapitaLand Investment (CLI). This is a significant milestone as it reportedly becomes the first business park in India to be certified as net-zero by the Indian Green Building Council (IGBC). This certification recognises the park’s dedication to energy efficiency, water conservation, and waste management. The net zero energy strategy adopted by Morphogenesis incorporates a comprehensive approach, leveraging both passive and active measures to curtail energy consumption while maximising efficiency.  Contact: MorphogenesisTel: 20 29950659Website: www.morphogenesis.orgElectrification of railway network in Tripura to be done by August this yearThe Northeast Frontier Railway (NFR) has set a target of completing electrification of the railway track from Lumding to Sabroom in Tripura before August this year. Out of a total 265 km track from Dharmanagar to Sabroom via Agartala, electrification has been completed along 165 km while the remaining 100 km will be finished by August this year.  Contact: The Northeast Frontier RailwayWebsite: www.nfr.indianrailways.gov.inKundan Green Energy to develop a Greenfield hydropower plant at Okhali  Kundan Green Energy announced its mandate to develop a greenfield hydropower plant at Okhali in Uttarakhand. The government awarded the project to the company in view of its consistently demonstrated record of executing hydropower projects on best-in-class standards, committed time-frames and optimal results. To be completed in 2028, the project will generate 42 MW of power (with a future potential to expand this to 60 MW), adding very substantially to the state’s renewable energy generation. Once commissioned, it will take the combined hydropower capacities of the company to 270 MW from the present 104 MW {+ an additional 24 MW at the under construction project at Rally Chu in Sikkim}.Contact: Kundan Green EnergyEmail: info@kundangreenenergy.comWebsite: www.kundangreenenergy.comGreenCell Mobility bags Rs.3 bn financing for transformative electric bus projectGreenCell Mobility has secured Green Financing (`3 billion) from Sumitomo Mitsui Banking Corporation (SMBC) for its transformative electric bus project in Uttar Pradesh. As per the agreement, SMBC extended a long-term project finance facility for the 350 electric buses project. The project is expected to reduce about 0.235 million tonnes of CO2 emissions by facilitating the deployment of nine metres fully-built pure AC electric buses across eight cities in Uttar Pradesh.Contact: GreenCell MobilityTel: 022 6907 4500Email: contact@greencellmobility.comWebsite: www.greencellmobility.com                                               

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