MMRDA to Enlist Delhi Metro Corp to Accelerate Mumbai Metro Projects

03 Feb 2025 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) is taking steps to expedite the completion of metro projects in the region, following Chief Minister Devendra Fadnavis’ directive to achieve at least 50 km of metro rail construction annually starting in 2026. As part of these efforts, MMRDA is in the process of terminating or not renewing contracts with consultants involved in four under-construction metro lines and is planning to assign these projects to the Delhi Metro Rail Corporation (DMRC).

The metro lines affected include Metro 2B (Andheri West to Mandale), Metro 4 (Wadala to Kasarvadavali), Metro 5 (Thane to Bhiwandi), and Metro 9 (Dahisar East to Mira-Bhayandar), which have all fallen behind their respective timelines. Consultants working on these lines are being replaced due to their failure to ensure progress as per the project schedules. The existing consultancy contracts lacked provisions for incentivizing timely completion, allowing companies to continue drawing payments based on manhours without accountability for delays.

To improve efficiency, MMRDA plans to introduce a new payment structure where consultants will receive payouts based on both the work completed (60 per cent) and adherence to timelines (40 per cent).

DMRC, which has successfully built a vast metro network in Delhi and its surrounding areas, has been brought in to oversee the implementation of Mumbai Metro 2B, the most complex of the on-going metro projects. DMRC’s involvement is expected to fast-track the completion of these lines, including the 23.64 km Metro 2B line, which has been in progress since 2016. MMRDA aims to meet the ambitious goal of completing 50 km of metro lines annually by 2026 and exceed current targets.

News source: Hindustan Times

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..