Projects delayed, costs go up for Delhi Metro

31 Jan 2023 CW Team

The cost of construction of at least nine projects related to the Delhi Metro’s network has escalated by almost 15 per cent due to alleged delays in environmental clearance, it is learnt.

Critical corridors that are part of Phase-IV of the Delhi Metro Rail Corporation (DMRC), government sources said quoting approximations gathered from the DMRC, were running behind schedule for periods between three months to almost three years, pushing the combined cost of their construction up to over Rs 120.48 billion from initial estimates of around Rs 104.79 billion.

The reason for the delay has been attributed to lack permission from the Delhi government’s environment department; files related to around 9 such projects were pending with the department till as recently as December last year. According to sources, the projects are part of the Janakpuri to RK Ashram, Aerocity to Tughlakabad and Maujpur to Majlis Park corridors; the combined cost overrun for all the projects is around Rs 16 billion.

Due to the delays, a senior official explained, fresh bids for construction had to be called as per the re-tendering of work on these corridors on more occasions than one.

The project with the lowest delay, of over three months, is the construction of an underground ramp at Krishna Park Extension over a stretch of 2.01 km with an initial cost of an estimated Rs 4.89 billion. Following the delay, the hiked total cost of construction is now estimated to have gone up to over Rs 5.50 billion, the official said.

Also Read
Housing scheme may get 300,000 million in Telangana budget
Rajasthan to have 13 new industrial areas

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..