MMRDA Clears Rs 120 Bn Metro and Transport Projects

26 Jun 2025 CW Team

Chief Minister Devendra Fadnavis hailed the move as a strategic step towards a smarter, more connected Maharashtra. “These projects will accelerate economic activity and significantly enhance the quality of life. This is more than just investment in metros—it’s about transforming the state's urban future,” he said.

Among the major contracts, Larsen & Toubro Ltd. secured a Rs 47.88 billion deal for integrated systems—rolling stock, signalling, and depot equipment—on Metro Lines 4 and 4A, along with five years of maintenance. The revised civil works cost for Metro Line 4A was set at Rs 5.58 billion, and L&T will also execute Rs 1.89 billion worth of ballastless track work on Line 4.

On Metro Line 6, IRCON International Ltd. was awarded a Rs 6.68 billion contract for power supply and E&M systems, while NCC Ltd. secured a Rs 22.7 billion contract for rolling stock and signalling. For multi-modal integration on Metro Lines 4 and 4A, the authority approved Rs 5.35 billion across four joint ventures.

Additional contracts include:

Rs 2.5 billion to Aurionpro Solutions Ltd. for automatic fare collection (AFC) systems on Lines 4 and 4A
Rs 1.18 billion to the Leena Powertech–Umesh Brothers Consortium for overhead electrification on Lines 9 and 7A
Rs 1 billion to Paras Railtech Pvt. Ltd. for ballastless track work on Metro Line 2B
The Mumbai Trans Harbour Link (MTHL)’s Package-4 contract for intelligent transport systems and toll management was revised to Rs 5.51 billion.

Deputy Chief Minister and MMRDA Chairman Eknath Shinde highlighted the focus on seamless and sustainable mobility. “These strategic investments will shape the future of inclusive transport in Maharashtra,” he said.

MMRDA Metropolitan Commissioner Sanjay Mukherjee added that the authority remains committed to improving last-mile connectivity and speeding up project timelines, with a focus on delivering commuter-friendly infrastructure that enables integrated, multimodal travel across the region.

The Mumbai Metropolitan Region Development Authority (MMRDA) has approved 19 major infrastructure projects worth over Rs 120 billion at its Executive Committee meeting held recently. These initiatives are aimed at strengthening metro connectivity, enhancing multimodal transport systems, and accelerating urban mobility across the Mumbai Metropolitan Region (MMR).Chief Minister Devendra Fadnavis hailed the move as a strategic step towards a smarter, more connected Maharashtra. “These projects will accelerate economic activity and significantly enhance the quality of life. This is more than just investment in metros—it’s about transforming the state's urban future,” he said.Among the major contracts, Larsen & Toubro Ltd. secured a Rs 47.88 billion deal for integrated systems—rolling stock, signalling, and depot equipment—on Metro Lines 4 and 4A, along with five years of maintenance. The revised civil works cost for Metro Line 4A was set at Rs 5.58 billion, and L&T will also execute Rs 1.89 billion worth of ballastless track work on Line 4.On Metro Line 6, IRCON International Ltd. was awarded a Rs 6.68 billion contract for power supply and E&M systems, while NCC Ltd. secured a Rs 22.7 billion contract for rolling stock and signalling. For multi-modal integration on Metro Lines 4 and 4A, the authority approved Rs 5.35 billion across four joint ventures.Additional contracts include:Rs 2.5 billion to Aurionpro Solutions Ltd. for automatic fare collection (AFC) systems on Lines 4 and 4ARs 1.18 billion to the Leena Powertech–Umesh Brothers Consortium for overhead electrification on Lines 9 and 7ARs 1 billion to Paras Railtech Pvt. Ltd. for ballastless track work on Metro Line 2BThe Mumbai Trans Harbour Link (MTHL)’s Package-4 contract for intelligent transport systems and toll management was revised to Rs 5.51 billion.Deputy Chief Minister and MMRDA Chairman Eknath Shinde highlighted the focus on seamless and sustainable mobility. “These strategic investments will shape the future of inclusive transport in Maharashtra,” he said.MMRDA Metropolitan Commissioner Sanjay Mukherjee added that the authority remains committed to improving last-mile connectivity and speeding up project timelines, with a focus on delivering commuter-friendly infrastructure that enables integrated, multimodal travel across the region.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..