MMRDA issues tenders for Metro 9 & 7 depot

02 Feb 2024 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has floated tenders for the construction of a depot for Line 9 (Dahisar-Mira Bhayandar) and Line 7A on a hectare plot in Dongri near Bhayander.

The depot will come up on 59.65 hectares of land and will have atleast 40 stabling lines. A MMRDA official said, ?We estimate the cost to develop this depot at Rs 626 crore and it will take atleast 52 months to complete the work.?

In the interim, MMRDA will have to rely on Charkop depot which is now being used to run services on Metro 2A and 7 (Andheri west-Dahisar-Gundavali) line Line 7 has interconnection with Metro 9, thus there may not be operational challenges in running services till the time exclusive depot is built for Metro 9.

The earlier site was spread over three villages of Morva, Raimurdhe and Murdhe. It is partly in a residential zone and partly in a no- development zone. The villagers were opposed to the project and allege that around 547 families will lose their homes on account of the 100 feet road and Metro car shed spread across 32 acres.

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..

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..

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..