Loan process for Jaipur Metro extension begins

15 Feb 2023 CW Team

The Jaipur Development Authority (JDA) has written to the state government and requested that it quote the required principal amount and deposit the interest on that principal in the state government account in order to begin the loan process for the extension of the Jaipur Metro.

“Before applying for the loan, we must ensure that the state government holds the interest on the borrowed amount as security, " a senior JDA official stated, "So we had sent a proposal to the state government and would soon begin the loan application process."

In October and November of 2022, respectively, the state government granted financial approval for Metro Line 1D and Line 1C. Metro services will be extended from Mansarovar to Ajmer Road (a 200-foot bypass) under Line 1D. Services will be extended from Badi Chaupar to Transport Nagar as part of Line 1C. In order to carry out both projects, Jaipur Metro Railway Corporation Limited (JMRCL) has designated Delhi Metro Railway Corporation (DMRC) as the lead agency.

“However, the urban development and housing (UDH) department has authorized the civic body to take the loan on behalf of JMRCL because JDA is in a better position to accept loans. A senior official stated, "JDA most likely would take the loan from the National Capital Region Planning Board (NCPRB)."

The project cost to extend metro services from Badi Chaupar to Transport Nagar is Rs 9935.10 million while the project cost to extend metro services for 1.3 kilometers to the 200-foot bypass side is Rs 2048.10 million.

“JMRCL had taken a soft loan from Asian Development Bank for Line 1B, while the state government has done the entire funding for Line 1A. The same procedure would be followed for Line 1C and Line 1D extensions. However, this time JDA would accept the loan on JMRCL's behalf, "an additional senior official stated.

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..