Adani’s ITD Cementation Wins Rs 16.4 Billion Pune Metro Contract

23 Oct 2025 CW Team

The Maharashtra Metro Rail Corporation Limited (Maha-Metro) has awarded the 5.46-kilometre Swargate–Katraj underground metro line contract to Adani Group’s ITD Cementation India Limited, following a competitive bidding process. The tender, valued at Rs 16.44 billion, was the lowest bid received and has been approved, with construction expected to begin by December 2025.

According to Chandrashekhar Tambavekar, Assistant General Manager (Admin and PR) at Maha-Metro, the central government has sanctioned Rs 29.54 billion for the Swargate–Katraj line. The tender process attracted bids from six companies, with ITD Cementation India Limited emerging as the lowest qualified bidder after evaluation on parameters such as quality, technical capability, and experience.

Tambavekar noted that the technical procedures related to loan provisions and project financing will be finalised within the next month. The project’s construction is slated to commence by late 2025, with a completion target of 2029.

The metro stretch will feature five stations — Swargate, Market Yard, Bibwewadi, Balajinagar, and Katraj. Initially, only three stations (Market Yard, Padmavati, and Katraj) were planned, but two additional stations were included after residents and public representatives requested improved connectivity. Deputy Chief Minister Ajit Pawar approved the additions, leading to a revised tender process launched in April 2025.

Once completed, the Swargate–Katraj underground corridor will significantly ease traffic congestion in South Pune and enhance last-mile connectivity for commuters travelling between central and southern Pune.

Real Estate

23 Oct 2025

What Does Home Insurance Really Cover?

Home insurance is one of the most important protections a homeowner can have. It offers financial cover for unexpected damages, losses, or liabilities related to your property. However, many homeowners are not fully aware of what is actually included in their home insurance policy.This guide breaks down what home insurance really covers, so you can be better prepared and make informed decisions.What is home insurance?Home insurance is a financial product that protects your house and belongings against damage, theft, or accidents. It generally includes coverage for the building itself, as ..

Hettich Strengthens Industry Ties at Madhya Pradesh Investment Meet

Hettich India, a global leader in furniture fittings, reinforced its commitment to Madhya Pradesh’s industrial growth as a Guest of Honour at an Interactive Session on Investment Opportunities in Power, Renewable Energy Equipment, and White Goods Manufacturing, hosted by the Government of Madhya Pradesh in partnership with the Confederation of Indian Industry (CII) at Hotel Trident, Nariman Point, Mumbai.The session, chaired by Dr Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh, brought together leading domestic and international investors, industry representatives, and business lead..

Raimondi Names New Saudi Branch Head

Raimondi Middle East has announced the appointment of Ahmad Shakkour as Branch Manager for the Kingdom of Saudi Arabia, reinforcing the company’s commitment to expanding its presence in one of its key regional markets.With Saudi Arabia driving a wave of large-scale infrastructure and urban development projects, Raimondi aims to strengthen its on-ground operations and customer engagement. The company currently has over 100 cranes deployed across the country and continues to expand its technical and service teams to support growing demand.“Saudi Arabia represents a cornerstone of our regiona..