PITCMRL welcomes 100% 'Made in India' train for Pune Metro Line 3

03 Jun 2024 CW Team

PITCMRL celebrates the arrival of the inaugural train for Pune Metro Line 3, proudly labelled as a 100% 'Made in India' achievement. The introduction of this train marks a significant milestone in Pune's urban transport landscape, managed by Pune IT City Metro Rail Ltd (PITCMRL) in collaboration with the Pune Metropolitan Region Development Authority (PMRDA). Crafted at Alstom's Sri City facility in Andhra Pradesh, these state-of-the-art trains, part of a contract for 22 train sets, will revolutionise travel along the 23km Hinjewadi-Shivajinagar corridor, operating on a public-private partnership (PPP) model. Each train, with a capacity to accommodate 1,000 passengers, promises enhanced urban mobility for Pune residents. Spearheaded by Tata Group and PMRDA, the project aims to elevate Pune's metro system to international standards, with a focus on safety, reliability, and environmental sustainability. Featuring cutting-edge technology such as a third rail traction system and regenerative braking, these trains can achieve speeds of up to 85kmph, ensuring a smooth and eco-friendly commute. Neha Pandit, Director and Business Head, Pune IT City Metro Rail Ltd, emphasises the project's commitment to passenger comfort and convenience. With vibrant designs, spacious interiors, and advanced passenger information systems, the trains are tailored to provide an exceptional travel experience. This collaborative effort between the public and private sectors sets a benchmark for metro systems nationwide, embodying the spirit of innovation and progress. As work progresses steadily, Rahul Mahiwal, PMRDA Commissioner assures that the project remains on schedule, with plans to dispatch the remaining trains over the next 6-8 months. Pune Metro Line 3, spanning 23km from Hinjawadi to Shivajinagar, represents a significant leap forward in Pune's transportation infrastructure, promising to reshape urban mobility and drive the city's overall development trajectory. (Source: ET Infra)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..