Chennai Metro inks Rs 40.58 bn deal with RVNL for underground stations
RAILWAYS & METRO RAIL

Chennai Metro inks Rs 40.58 bn deal with RVNL for underground stations

Chennai Metro Rail (CRML) officially inked three contract agreements with Rail Vikas Nigam Limited (RVNL) totalling a substantial sum of Rs 40.5820 billion.

The scope of these three packages encompasses the construction of 12 complete Underground Metro stations and four additional Underground Metro station components, excluding diaphragm wall work, extending from Kilpauk Metro to Taramani, as detailed in a CMRL press release.

Furthermore, the Letter of Acceptance (LOA) for these three tenders was issued on July 20, 2023. Importantly, the funding for these packages is being provided by the Japan International Cooperation Agency (JICA).

The official signing of the Contract Agreement transpired with T Archunan, Director (Projects) representing CMRL, and Kamalakara Reddy, Chief Project Manager/Coordination/Chennai, representing RVNL. This significant event was held in the presence of MA. Siddique, Managing Director of CMRL, as indicated in the release.

Chennai Metro Rail (CRML) officially inked three contract agreements with Rail Vikas Nigam Limited (RVNL) totalling a substantial sum of Rs 40.5820 billion. The scope of these three packages encompasses the construction of 12 complete Underground Metro stations and four additional Underground Metro station components, excluding diaphragm wall work, extending from Kilpauk Metro to Taramani, as detailed in a CMRL press release. Furthermore, the Letter of Acceptance (LOA) for these three tenders was issued on July 20, 2023. Importantly, the funding for these packages is being provided by the Japan International Cooperation Agency (JICA). The official signing of the Contract Agreement transpired with T Archunan, Director (Projects) representing CMRL, and Kamalakara Reddy, Chief Project Manager/Coordination/Chennai, representing RVNL. This significant event was held in the presence of MA. Siddique, Managing Director of CMRL, as indicated in the release.

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App