CM Reddy confirms remodelling of metro, Pharma city projects

08 Jan 2024 CW Team

In essence, the Raidurg-Shamshabad Airport Metro line project, as envisioned by the previous BRS government, may not be pursued. CM Revanth Reddy revealed that despite L&T representatives advising against the commercial feasibility of the Raidurg-Shamshabad airport stretch, the previous government proceeded with the project to serve the real estate interests of associates. Instead, the new plan involves extending the Metro rail from Mahatma Gandhi Bus Terminal at Gowliguda to Shamshabad airport via the Old City and Chandrayangutta.

Furthermore, the government intends to expand the Metro from Nagole to Chandrayangutta via LB Nagar and Owaisi Hospital, linking it at Chandrayangutta to the Metro from the Old City, heading towards the airport. The CM added the possibility of extending the Metro rail from Mindspace junction to the Financial District and from Miyapur to Ramachandrapuram near Patancheru via BHEL if required.

Highlighting the central government's willingness to fund Metro projects based on commuter feasibility, the CM emphasised that the proposed lines would attract substantial patronage, unlike the previous government's route, which may not have been convenient for residents in Gachibowli.

Regarding the Pharma City project, CM Revanth Reddy assured that it would not be abandoned. Instead, the government plans to encourage the establishment of ten pharma clusters, each spanning 1,000-3,000 acres, strategically located near highways within the Outer Ring Road and the Regional Ring Road. The goal is to provide residential colonies and other amenities near these clusters, minimising the need for employees to commute to the city daily. Additionally, efforts will be made to ensure that these units are pollution-free.

Chief Minister A Revanth Reddy addressed speculations regarding the potential cancellation of the Airport Metro rail and Pharma City projects. He clarified that the congress government aims to remodel these projects to enhance cost-effectiveness, commuter convenience, reduce the Metro rail distance to the airport, and strategically lay lines in areas with substantial patronage. In essence, the Raidurg-Shamshabad Airport Metro line project, as envisioned by the previous BRS government, may not be pursued. CM Revanth Reddy revealed that despite L&T representatives advising against the commercial feasibility of the Raidurg-Shamshabad airport stretch, the previous government proceeded with the project to serve the real estate interests of associates. Instead, the new plan involves extending the Metro rail from Mahatma Gandhi Bus Terminal at Gowliguda to Shamshabad airport via the Old City and Chandrayangutta. Furthermore, the government intends to expand the Metro from Nagole to Chandrayangutta via LB Nagar and Owaisi Hospital, linking it at Chandrayangutta to the Metro from the Old City, heading towards the airport. The CM added the possibility of extending the Metro rail from Mindspace junction to the Financial District and from Miyapur to Ramachandrapuram near Patancheru via BHEL if required. Highlighting the central government's willingness to fund Metro projects based on commuter feasibility, the CM emphasised that the proposed lines would attract substantial patronage, unlike the previous government's route, which may not have been convenient for residents in Gachibowli. Regarding the Pharma City project, CM Revanth Reddy assured that it would not be abandoned. Instead, the government plans to encourage the establishment of ten pharma clusters, each spanning 1,000-3,000 acres, strategically located near highways within the Outer Ring Road and the Regional Ring Road. The goal is to provide residential colonies and other amenities near these clusters, minimising the need for employees to commute to the city daily. Additionally, efforts will be made to ensure that these units are pollution-free.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..