Patnaik to launch Bhubaneswar metro rail project

10 Oct 2023 CW Team

Odisha's Chief Minister, Naveen Patnaik, is set to lay the foundation stone for the much-anticipated Bhubaneswar metro rail project on January 1, 2024, according to officials. In a significant development, Patnaik has also given his approval for the detailed project report (DPR), which carries a budget exceeding Rs 5,900 crore, and this financial commitment will be solely undertaken by the state government.

An official source confirmed, "The chief minister is slated to lay the foundation stone for the project on January 1, 2024," underscoring the importance of this milestone for the state.

During a review of the progress of Phase-I of the metro rail project, Patnaik granted his endorsement to the DPR. "The DPR has been approved at a total cost of Rs 5,929 crore, which will be fully borne by the state government," the official added.

With work on the project set to commence in the near future, the targeted timeline for completion stands at 48 months, as conveyed by another official. Chief Minister Patnaik emphasized the transformative impact of the Bhubaneswar metro project on Odisha, stating, "The Bhubaneswar metro is a landmark project for Odisha... It will further strengthen public transport in the city and enable its economic growth."

The forthcoming Bhubaneswar metro rail project holds immense promise for the state's transportation infrastructure and is poised to contribute significantly to the region's economic development.

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..