Madhya Pradesh Metro to launch 'One Nation, One Card'

14 Jun 2024 CW Team

Madhya Pradesh Metro Rail Corporation (MPMRCL) has restarted the process of introducing the National Common Mobility Card (NCMC), also known as 'one nation one card', an interoperable transport card. The card is intended for multiple uses, including public transport ticketing services, in Bhopal and Indore. MPMRCL, starting afresh, has an advantage in implementing this system.

Previously, the city bus operator in Bhopal had faced difficulties in implementing the system. The initiative had been proposed first in October 2023 and then again in February this year, following the announcement by Bhopal City Link (BCLL), a subsidiary of BMC. However, BCLL, after discussions with financial institutions, was unable to secure PPP-mode participation and found transitioning to a new money transaction platform challenging within their current setup.

In October, the MPMRCL proposal was valued at Rs 2.30 billion, while BCLL's proposal estimated around Rs 100 million for a fleet of approximately 250 buses. This week, MPMRCL has once again invited institutions to offer services related to Open Loop NCMC, transaction acquiring, and AFC integration.

The project aims to complete all works, including 57 stations in Indore and Bhopal, within 200 weeks, followed by a 364-week service period that includes defect liability and comprehensive maintenance. Funding for this package is expected from equity contributions of the Union government and the state government.

The NCMC and EMV cards, along with various payment portals, are set to serve as fare media and facilitate processing of transactions for merchants using debit/credit/prepaid card reader hardware or terminals.

The Bhopal Metro Rail Project, designated as a National Priority City by the Union government, has yet to commence passenger operations.

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..