Pune Metro Set for Ambitious Expansion

16 Apr 2024 CW Team

In a recent real estate event organized by Credtech Knowledge Federation, Shravan Hardikar, Managing Director of Maha Metro, unveiled ambitious plans for the expansion of Pune's Metro system. Hardikar projected that within the next five years, the Metro network would extend across all corridors in the city, greatly improving last-mile connectivity with most stations just 5-10 minutes apart.

Emphasizing the importance of public transport in enhancing urban living standards, Hardikar compared Pune's Metro expansion to London's extensive transportation network, which serves millions of riders daily. He stressed the necessity of efficient public transport systems in cities undergoing rapid development.

Highlighting Pune's transportation challenges, Hardikar noted that the city's development is outpacing its road infrastructure, with vehicle registrations projected to exceed road construction within three years. To tackle growing traffic issues, he called for collaborative efforts from all stakeholders to provide comprehensive solutions.

Addressing concerns about last-mile connectivity, Hardikar urged citizens to embrace alternative modes of transport such as walking or taking the bus. He cited Delhi's adoption of e-rickshaws for transporting commuters to and from Metro stations as an innovative solution to transportation challenges.

Hardikar underscored that decisions made regarding public transport would significantly impact the city's value proposition. With the impending saturation of all corridors by the Metro, Pune's residents can anticipate improved accessibility and enhanced urban mobility in the near future.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..