New parking lot opens at Chennai’s Nanganallur metro station

02 May 2023 CW Team

Chennai Metro Rail Limited (CMRL) has opened a new parking lot at Nanganallur Road Metro station. 60 four-wheelers and about 1,000 two-wheelers can be parked in the large lot. According to CMRL, from April 28 to May 31, parking in the newly opened space at the station will be free of charge for Metro users of travel cards only.

In the meantime, on Thursday, CMRL and Rail Vikas Nigam Limited (RVNL) agreed to a contract for the construction of an elevated viaduct along corridor three from Sholinganallur to Sipcot. Cost estimates for the project total Rs 11.34 billion.

This is the final tender for the elevated corridor in phase II Metro Rail construction, according to a CMRL press release.

Construction of elevated viaducts for nine elevated Metro stations at Sholinganallur Lake-I, Sri Ponniamman Temple (Sholinganallur Lake-II), Sathyabama University (Semmencheri-I), Semmencheri-II, Gandhi Nagar, Navallur, Siruseri, Siruseri Sipcot-1, Siruseri SIPCOT-2, and stabling viaduct at Sipcot are included in the contract's scope of work.

T Archunan, Director (Projects), CMRL, and Chaudhary Rajneesh Kumar Singh, Senior DGM/Electrical/BD, signed the contract on behalf of RVNL.

Also Read
Delhi MRTS Phase IV contract worth €54 million bagged by Alstom
In just 77 days, Agra Metro Rail Project reached major milestone

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..