JMD Consultants and NCES win Rs 1.92 billion contracts from DMRC

26 Aug 2024 CW Team

The Delhi Metro Rail Corporation (DMRC) has awarded a Rs 1.92 billion contract for train operation services on the Yellow and Violet lines of the Delhi Metro network. The Yellow Line covers the Kashmere Gate and Qutub Minar sections, while the Violet Line covers the Badarpur Border section. The technical bids for the contract were opened on March 22, 2024, with the financial bids following on June 20, 2024. The contract was officially awarded on August 9, 2024, with a project timeline of 2,310 days, extending from 2024 to 2031. Out of five bidders, JMD Consultants secured the contract for the Yellow Line, and Nuvision Commercial and Escort Services (NCES) won the contract for the Violet Line, each valued at Rs 960 million. The Yellow Line spans approximately 20.2 km, while the Violet Line covers 13.4 km.

(metro rail news)

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..