Ircon Wins Rs 6.42 Bn Mumbai Metro Pink Line Contract

19 Aug 2025 CW Team

Ircon International Limited has secured a Rs 6.42 billion contract from the Mumbai Metropolitan Region Development Authority (MMRDA) for Package CA-233 of Mumbai Metro Line 6, also known as the Pink Line. The 15.18 km elevated corridor stretches from Swami Samarth Nagar (Lokhandwala) to Vikhroli, enhancing east-west connectivity across the city.

The contract, which includes a 3,285-day execution timeline, involves comprehensive works for the metro line’s critical systems. Ircon will handle the design, supply, installation, integration, testing, and commissioning of the power supply, traction systems, electrical and mechanical (E&M) systems, and station lifts and escalators across all 13 elevated stations. Post-completion, the firm will also provide five years of maintenance, following a two-year defect liability period.

The tender process saw participation from four firms by February 13, 2025. One bidder was disqualified during the technical evaluation. Financial bids were opened the same day, with results finalized on August 12, where Ircon emerged as the lowest bidder at Rs 6.42 billion. Competing bids included Rs 8.40 billion from Larsen & Toubro Limited and Rs 10.80 billion from Rail Vikas Nigam.

This award marks a major milestone in the execution of Mumbai’s Pink Line, which will significantly reduce travel time across key suburbs and improve urban mobility.

In a related development, Paras Railtech has received a Letter of Acceptance for the CA-273 ballastless track contract for Mumbai Metro Line 2B (Yellow Line), further pushing forward the city’s metro expansion efforts

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..