Pune Metro phase 2 proposal gets PMC approval

09 Aug 2023 CW Team

The Pune Municipal Corporation (PMC) has given a green signal to the proposal for the second phase of the Pune Metro rail. The project will entail service from Khadakwasla to Kharadi via Swargate and Hadapsar, Puadphata to Manikbaug via Warje, Ramwadi to Kharadi, and Vanaz to Chandni Chowk.

The Maharashtra Metro Rail Corporation (Maha Metro) has been entrusted to implement the extended route proposed in Phase 2 of Pune Metro. It submitted a detailed project report (DPR) to Pune Municipal Corporation. The Municipal Commissioner Vikram Kumar has said that the metro rail route from Khadakwasla to Kharadi via Swargate and Hadapsar (25.862 km) and the Paudphata to Manikbaug via Warje route (6.118 km) will be costing Rs 9,074.24 crore. He added that the Maha Metro will be raising a loan of Rs 4,354.84 crore, while the Centre, State and PMC will share the load of the remaining amount.

The 1.112-km metro rail route from Vanaz to Chandni Chowk and the 11.633-km route from Ramwadi to Wagholi will cost Rs 3,609.27. For this, the Maha Metro will raise Rs 1,895 crore via a loan, while the Centre and State will also contribute towards the project.

PMC will provide 209.41 sq m area on a temporary basis, and 2,297.17 sq m at Sarasbaug, Nehru Stadium, Ganesh Kala Kroda Manchi, on a permanent basis to Maha-Metro which is worth Rs 6.77 crore.

The detailed project report for the extended route was first submitted in September last year. However, it was revised and sent to the PMC for approval. The funding plan was also submitted for approval. The route is completely elevated.

As per Kumar, the route will be developed by Maha Metro and the PMC will not give any guarantee for the loan its plans to raise. PMC will include the metro rail route and its station in the city’s development plan.

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..