KMRL Gets Nod To Seek Rs1,016 Crore Loan For Kochi Metro Phase Two

18 Feb 2026 CW Team

Kochi Metro Rail Limited has received approval to seek a loan of Rs1,016 crore, equivalent to 10,160 million (mn), for the second phase of the Kochi metro.

The permission allows the corporation to initiate formal borrowing processes from lenders and financial institutions to secure project funding and to align financing timelines with project requirements.

The funding package is expected to cover civil works, systems and other project costs associated with extending services to additional corridors, and the authority will finalise loan terms, including tenure and interest, in negotiations with prospective financiers.

Regulatory approvals and environmental clearances will be secured as needed before major contracts are awarded and procurement and contracting processes will follow standard tendering procedures.

Stakeholders noted that timely release of funds will be critical to maintain construction schedules already outlined in project reports and that the loan approval will enable the operator to issue tenders for civil and electrical works and to secure suppliers for signalling and rolling stock as required.

Officials will provide periodic updates to stakeholders as financing progresses and as key milestones are achieved, and the corporation will report on disbursement and utilisation of loan proceeds to relevant authorities to maintain transparency.

Infrastructure Urban

10 Apr 2026

Güntner Showcases Cooling Tech at China Expo

Güntner showcased its latest refrigeration and air conditioning innovations at China Refrigeration 2026, highlighting digital intelligence and carbon-neutral solutions.The company presented its aicore™ Controls and IoT platform, designed to optimise energy consumption, enable remote monitoring and enhance lifecycle management of cooling systems. The solution integrates advanced controllers and cloud-based capabilities to improve operational efficiency and reduce energy use.Güntner also demonstrated advancements in heat pump technologies, including its role in projects such as the Ordos Zer..

Superb Realty Ties Up with Praan for AI Air Tech

Superb Realty has partnered with Praan to deploy AI-powered autonomous air infrastructure across over one million sq ft of real estate in Mumbai, marking a significant move towards intelligent indoor environments.The rollout will begin at Superb Altura and expand across upcoming residential and mixed-use developments. The initiative aims to integrate real-time sensing, adaptive purification and AI-led optimisation to improve indoor air quality and occupant experience.Praan’s technology is designed to remove ultrafine particles significantly smaller than conventional systems and eliminate har..

DAAKit Raises $138,000 in Pre-Seed Round

DAAKit has raised $138,000 in a pre-seed funding round led by Inflection Point Ventures to expand its hyperlocal fulfilment network and strengthen technology capabilities.The company plans to use the funds to launch 25 new dark stores across Tier I and Tier II cities, enhance its technology infrastructure, and expand its leadership and operations teams. Currently operational in Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, DAAKit is also piloting expansion into Tier II markets through Lucknow.Built on an asset-light, technology-driven model, the platform enables brands to position inventory ..