DMRC Faces Rs 155.4 Bn Shortfall in Recovery

19 Dec 2024 CW Team

The Comptroller and Auditor General (CAG) has raised concerns over the Delhi Metro Rail Corporation's failure to recover Rs 155.4 billion it was owed in repair costs and other incidental expenses. In a report tabled in Parliament on Monday, the CAG said that due to poor construction quality by the contractor and reluctance of the contractor to rectify the defects within defect liability period, the DMRC carried out the repair work (including consultancy work) through other contractor at Rs 118.5 billion. In addition to repairing cost, DMRC also incurred incidental expenses of Rs 78.1 billion on account of shifting allottees to alternative accommodation and payment of lease charge, brokerage etc.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

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REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..