MIA Construction Wins Rs 680 Million Delhi Metro Phase 4 Contract

17 Sep 2025 CW Team

MIA Construction has received a Letter of Acceptance (LoA) worth Rs 680 million from Delhi Metro Rail Corporation (DMRC) for the architectural finishing contract of Delhi Metro Phase 4’s Golden Line (Line 10). The Golden Line spans 23.622 km between Aerocity and Tughlakabad and includes 15 stations.

DMRC invited bids for the contract with a 450-day deadline. Technical bids were opened on 25 June 2025, with 10 firms submitting proposals. The technical evaluation took place on 29 August 2025, during which the bids of three firms were rejected.

The financial bids were opened on 29 August 2025, and the evaluation of technically qualified bids occurred on 10 September 2025. Six firms were disqualified during this round, with MIA Construction emerging as the lowest bidder.

The awarded contractor will be responsible for architectural finishing works, including the design, fabrication, supply, erection and roof sheeting of Pre-Engineered Building (PEB) structures. The contract also covers the design and construction of external façades, water supply, sanitary installations, drainage and site development works at four elevated stations on the Golden Line.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..