L&T, DRDO ink deal for Scorpene submarines' AIP modules
RAILWAYS & METRO RAIL

L&T, DRDO ink deal for Scorpene submarines' AIP modules

Bangalore Metro Rail Corporation Limited (BMRCL) will receive financial assistance totaling Rs. 30.45 billion from REC Limited, a Maharatna Central Public Sector Enterprise under the Union Ministry of Power, for the formation and development of metro lines as part of Bangalore Metro's Phase-II project. At the REC board meeting conducted in Bengaluru on June 24, 2023, where the board approved the proposal of BMRCL, the decision was made to extend the support.

Namma Metro's Phase-II project consists of extending the existing two corridors of Phase-I, namely the East-West Corridor and the North-South Corridor, as well as building two additional lines, one from R.V. Road to Bommasandra and another from Kalena Agrahara to Nagawara. These lines will run through some of the city's most densely populated and heavily traveled districts. Phase II of the project will improve connectivity and traffic flow in Bengaluru, a heavily populated city. With the completion of Phase II (72.09 km), the combined network of Namma Metro will be 114.39 km long, with 101 stations.

REC Limited is an NBFC based in India that specializes in power sector financing and development. The financial assistance to BMRCL is part of REC's venture into infrastructure development funding. REC Limited began operations in 1969 and has already been in existence for nearly fifty years. It provides financial assistance to the entire power sector value chain, including generation, transmission, distribution, and renewable energy projects. The funding provided by REC shines every fourth bulb in India.

See also:
Bengaluru Metro: Four new lines to enhance connectivity
Byappanahalli-KR Puram metro segment to open on July 15


Bangalore Metro Rail Corporation Limited (BMRCL) will receive financial assistance totaling Rs. 30.45 billion from REC Limited, a Maharatna Central Public Sector Enterprise under the Union Ministry of Power, for the formation and development of metro lines as part of Bangalore Metro's Phase-II project. At the REC board meeting conducted in Bengaluru on June 24, 2023, where the board approved the proposal of BMRCL, the decision was made to extend the support. Namma Metro's Phase-II project consists of extending the existing two corridors of Phase-I, namely the East-West Corridor and the North-South Corridor, as well as building two additional lines, one from R.V. Road to Bommasandra and another from Kalena Agrahara to Nagawara. These lines will run through some of the city's most densely populated and heavily traveled districts. Phase II of the project will improve connectivity and traffic flow in Bengaluru, a heavily populated city. With the completion of Phase II (72.09 km), the combined network of Namma Metro will be 114.39 km long, with 101 stations. REC Limited is an NBFC based in India that specializes in power sector financing and development. The financial assistance to BMRCL is part of REC's venture into infrastructure development funding. REC Limited began operations in 1969 and has already been in existence for nearly fifty years. It provides financial assistance to the entire power sector value chain, including generation, transmission, distribution, and renewable energy projects. The funding provided by REC shines every fourth bulb in India. See also: Bengaluru Metro: Four new lines to enhance connectivity Byappanahalli-KR Puram metro segment to open on July 15

Next Story
Building Material

Viva ACP Secures EPD Certification for Sustainable Cladding

Viva, Asia’s largest manufacturer of aluminium composite panels (ACP), has announced the successful release of its Environmental Product Declaration (EPD) under the International EPD® System. This milestone affirms Viva’s commitment to sustainability, transparent environmental reporting, and eco-conscious manufacturing. The certification covers Fire-Retardant (FR) Class A2, FR Class B1, and Non-FR ACPs, assessing the environmental performance of 1m² of Viva ACP (4mm thick) throughout its lifecycle—from raw material extraction to end-of-life recycling. The EPD reveals that up to 95..

Next Story
Real Estate

StarBigBloc Gets Shareholders’ Nod for IPO to Fund Expansion

StarBigBloc Building Material, a wholly owned subsidiary of BigBloc Construction Ltd (BSE: 540061), has received shareholder approval to raise funds through an Initial Public Offering (IPO). The move is aimed at unlocking shareholder value, securing growth capital, and potentially enhancing the overall valuation of BigBloc Construction. The IPO proposal was approved during the company’s Extraordinary General Meeting (EGM) held on 13th June 2025. The process remains subject to regulatory approvals, market conditions, and other applicable clearances. “This is a significant mileston..

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?