Aurionpro wins Rs 500 million Mumbai Metro AFC order

05 Aug 2026 CW Team

Aurionpro Solutions has secured an additional Rs 500 million order from the Mumbai Metropolitan Region Development Authority (MMRDA) to deploy its Automated Fare Collection (AFC) solution for Mumbai Metro Line 5 – Phase I.

The order extends Aurionpro's existing engagement on Mumbai Metro Lines 4 and 4A, announced last year, and covers the deployment of its end-to-end AFC system across six additional stations on Metro Line 5.

MMRDA is developing one of India's largest metro rail networks to improve connectivity across the Mumbai Metropolitan Region. Under the contract, Aurionpro will provide ticketing and fare management solutions aimed at enabling seamless passenger movement and efficient fare collection.

Sanjay Bali, President – Technology Innovation Group, Aurionpro Solutions, said the repeat order reflects the company's technology capabilities and execution expertise. He added that the expanding metro rail market in India and overseas presents significant opportunities for the company's transit and smart mobility business.

Aurionpro said the latest order strengthens its presence in the urban mobility sector and expands its AFC deployment footprint across metro networks in India.

Real Estate

05 Aug 2026

BNW plans 10,000 UAE homes, India drives 14.4 per cent of sales

UAE-based BNW Developments plans to develop 10,000 homes across Dubai and Ras Al Khaimah over the next four years, with India continuing to emerge as one of its key overseas markets.The company said Indian buyers accounted for 14.38 per cent of its total business during the first half of 2026, reflecting growing interest among Indian investors in premium residential developments in the UAE.The announcement was made at BNW Developments' Global Partners Meet in Delhi NCR, attended by more than 2,000 channel partners and real estate professionals.Dr (CA) Ankur Aggarwal, Chairman & Founder, BN..

RITES Posts Rs 5.61 Bn Revenue, Rs 980 Bn PAT in Q1

RITES reported consolidated total revenue of Rs 5.61 billion for the first quarter of FY27, compared with Rs 5.12 billion during the corresponding period of the previous financial year.Consolidated operating revenue, excluding other income, increased by 8.6 per cent to Rs 5.32 billion from Rs 4.90 billion in Q1 FY26. EBITDA stood at Rs 1.19 billion, with a margin of 22.4 per cent, while profit after tax reached Rs 980 million with a margin of 17.4 per cent.On a standalone basis, operating revenue increased to Rs 4.98 billion from Rs 4.56 billion. Total standalone revenue stood at Rs 5.25 billi..

BXB Estates closes record AED 110 million Dubai home sale

BXB Estates has completed a AED 110 million sale, setting a new record for the highest residential transaction in Jumeirah Golf Estates, Dubai.The transaction, negotiated by Alfie Tabrez, Managing Partner of BXB Estates, surpasses the community's previous record of AED 58 million for a completed villa.The six-bedroom residence spans 21,714 sq ft of built-up area on a 15,873 sq ft plot. It includes nine bathrooms, four lounges, a home office, private cinema, rooftop terrace, bar lounge, gymnasium, sauna and treatment suite.According to the company, the property was not publicly listed for sale...