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 Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..