+
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
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?