Pune civic body gets DPR of Neo Metro from MahaMetro

28 Sep 2022 CW Team

Pune residents will in the near future have access to the ultra-modern, high-speed Neo Metro service throughout the city, as the Pune Municipal Corporation has received a detailed project report (DPR) of the neo metro from the Maharashtra Metro Rail Corporation Ltd (MahaMetro).

Neo Metro is a mass rapid transit system that offers affordable, environment-friendly and energy-efficient urban transportation solutions for Tier 2 and Tier 3 cities. It will travel at a speed of 90 km/h and have a carrying capacity that is three to five times greater than that of public buses.

Pune’s Neo Metro will travel a 43.84 km span of the city on an elevated platform. There will be 45 stations. The project is expected to get under way by December of this year and will be finished by 2028-2029, officials said. The project’s anticipated cost is Rs 49.40 billion.

The civic organization contacted Maha Metro about transforming the proposed High Capacity Mass Transit Route (HCMTR) into a Neo Metro project, said managing director MD Brijesh Dixit.

According to reports, the Pune project may get momentum only after the Nashik plan starts. The Union cabinet has already given its approval for the 32-km Nashik Neo Metro project. It will be the nation’s first project of its kind if it is implemented quickly.

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..