PCMC-Nigdi metro route Greenlit, Swargate-Katraj route under scrutiny
RAILWAYS & METRO RAIL

PCMC-Nigdi metro route Greenlit, Swargate-Katraj route under scrutiny

While the Pimpri-Chinchwad Municipal Corporation (PCMC) to Nigdi metro route has received approval from the Public Investment Board (PIB), the Swargate to Katraj metro route, which is planned to be underground, is currently undergoing PIB scrutiny and is expected to take more time for approval. The estimated cost for the PCMC to Nigdi elevated metro route stands at Rs 9.1 billion, while the Swargate to Katraj underground metro route is projected to cost Rs36.63 billion.

Shravan Hardikar, the Managing Director of Maha-Metro, informed, "We recently presented the PCMC to Nigdi extended metro route to the PIB. The PIB will now prepare meeting minutes and recommend it to the Ministry of Housing and Urban Affairs (MoHUA). Subsequently, MoHUA will issue an official notification. The process is in its final stages."

Regarding the Swargate to Katraj metro route, Hardikar explained, "We have submitted a proposal to MoHUA, which is currently under scrutiny. Afterward, it will be forwarded to the PIB. Given the higher estimated cost, the proposal will be presented to the union cabinet for final approval."

In the meantime, Maha-Metro has plans to complete the Ruby Hall Clinic to Ramwadi stretch within the next few months. Simultaneously, the Civil Court to Swargate stretch is in its final stages and is expected to be completed by December. Hemant Sonawane, the Executive Director of Maha-Metro, anticipates that both extensions will be fully operational by the end of the year.

While the Pimpri-Chinchwad Municipal Corporation (PCMC) to Nigdi metro route has received approval from the Public Investment Board (PIB), the Swargate to Katraj metro route, which is planned to be underground, is currently undergoing PIB scrutiny and is expected to take more time for approval. The estimated cost for the PCMC to Nigdi elevated metro route stands at Rs 9.1 billion, while the Swargate to Katraj underground metro route is projected to cost Rs36.63 billion.Shravan Hardikar, the Managing Director of Maha-Metro, informed, We recently presented the PCMC to Nigdi extended metro route to the PIB. The PIB will now prepare meeting minutes and recommend it to the Ministry of Housing and Urban Affairs (MoHUA). Subsequently, MoHUA will issue an official notification. The process is in its final stages.Regarding the Swargate to Katraj metro route, Hardikar explained, We have submitted a proposal to MoHUA, which is currently under scrutiny. Afterward, it will be forwarded to the PIB. Given the higher estimated cost, the proposal will be presented to the union cabinet for final approval.In the meantime, Maha-Metro has plans to complete the Ruby Hall Clinic to Ramwadi stretch within the next few months. Simultaneously, the Civil Court to Swargate stretch is in its final stages and is expected to be completed by December. Hemant Sonawane, the Executive Director of Maha-Metro, anticipates that both extensions will be fully operational by the end of the year.

Next Story
Infrastructure Transport

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Next Story
Infrastructure Urban

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Next Story
Infrastructure Urban

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement