PMRDA awards metro line 3 contract to Tata, Siemens Group

30 Dec 2021 CW Team

The Pune Metropolitan Region Development Authority (PMRDA) has awarded the Pune metro line 3 contract to a joint venture (JV) of Tata Group and a consortium of the Siemens Group.

The elevated metro line project of 23.3 km will connect the Hinjewadi Rajiv Gandhi Infotech Park with Shivajinagar through Balewadi.

Siemens Group said it is the first metro project in India under the new metro rail policy, with 23 stations built under the public-private partnership (PPP) model.

This joint venture metro project is between Tata Group's TRIL Urban Transport Private Limited (TUTPL) and Siemens Project Ventures GmbH.

The part of work for the Siemens Group includes project management, turnkey electrification, signalling, communications and depot work or equipment.

The contract includes electrical and mechanical system works, which will be completed in 39 months.

Managing Director and Chief Executive of Siemens, Sunil Mathur, said that the order size of Siemens is nearly Rs 900 crore.

Siemens Financial Services invests in infrastructure projects across the globe. The company helps the cities to fulfil the needs of intelligent infrastructure solutions and enable smarter and more sustainable transportation systems through PPPs.

TUTPL will develop and implement PPP urban transport projects. The company aims to focus on roads, urban transportation, smart cities and electric vehicles (EVs).

Image Source

Also read: Hinjewadi-Shivajinagar metro corridor project in Pune to start soon

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..