DMRC seeks Rs 72 billion in Delhi budget for Phase-IV completion

25 Nov 2024 CW Team

In a letter to the Chief Secretary, DMRC Managing Director Vikas Kumar warned that delays in funding could result in project setbacks and cost overruns. The Phase-IV expansion includes the construction of three priority corridors: RK Ashram to Janakpuri (West), Aerocity to Tughlaqabad, and Mukundpur to Maujpur. These corridors, spanning nearly 62 km, are expected to be completed by 2026. Sanctions for two additional lines—Lajpat Nagar to Saket G Block and Inderlok to Indraprastha—were received earlier this year, while another corridor, Rithala to Nathupur, is still awaiting approval.

Kumar emphasised that the Phase-IV project, estimated at Rs 249.48 billion, requires consistent funding to meet deadlines. He called for urgent intervention to ensure the release of necessary funds to avoid delays and prevent cost overruns. DMRC's finance director had also previously appealed for financial support to maintain uninterrupted construction of metro lines.

Additionally, Kumar requested the immediate release of Rs 3.76 billion to the Public Works Department (PWD) for the construction of three unique double-decker viaducts along the Aerocity-Tughlaqabad corridor and others. These viaducts, with metro trains on the upper deck and vehicles below, are crucial for the Phase-IV expansion.

DMRC has completed all corridors under Phase-III, spanning 160 km, but it still requires approximately Rs 7.25 billion to fulfill contractual obligations. The corporation also sought funds to cover the repayment of the Japan International Cooperation Agency (JICA) loan for earlier phases and to address the Delhi government’s share of foreign exchange variation.

The DMRC has urged the Delhi government to approve the necessary funds in the revised budget estimates for FY 2024-25, enabling the timely release of payments to keep Phase-IV construction on track.

(ET)

As the Delhi government finalises the revised budget for the 2024-25 financial year, the Delhi Metro Rail Corporation (DMRC) has requested Rs 72 billion to fulfill key commitments, including the timely completion of new corridors under Phase-IV and pending payments for the Phase-III expansion. In a letter to the Chief Secretary, DMRC Managing Director Vikas Kumar warned that delays in funding could result in project setbacks and cost overruns. The Phase-IV expansion includes the construction of three priority corridors: RK Ashram to Janakpuri (West), Aerocity to Tughlaqabad, and Mukundpur to Maujpur. These corridors, spanning nearly 62 km, are expected to be completed by 2026. Sanctions for two additional lines—Lajpat Nagar to Saket G Block and Inderlok to Indraprastha—were received earlier this year, while another corridor, Rithala to Nathupur, is still awaiting approval. Kumar emphasised that the Phase-IV project, estimated at Rs 249.48 billion, requires consistent funding to meet deadlines. He called for urgent intervention to ensure the release of necessary funds to avoid delays and prevent cost overruns. DMRC's finance director had also previously appealed for financial support to maintain uninterrupted construction of metro lines. Additionally, Kumar requested the immediate release of Rs 3.76 billion to the Public Works Department (PWD) for the construction of three unique double-decker viaducts along the Aerocity-Tughlaqabad corridor and others. These viaducts, with metro trains on the upper deck and vehicles below, are crucial for the Phase-IV expansion. DMRC has completed all corridors under Phase-III, spanning 160 km, but it still requires approximately Rs 7.25 billion to fulfill contractual obligations. The corporation also sought funds to cover the repayment of the Japan International Cooperation Agency (JICA) loan for earlier phases and to address the Delhi government’s share of foreign exchange variation. The DMRC has urged the Delhi government to approve the necessary funds in the revised budget estimates for FY 2024-25, enabling the timely release of payments to keep Phase-IV construction on track. (ET)

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Infrastructure Urban

11 May 2026

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Infrastructure Urban

11 May 2026

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..