Rajasthan govt and Centre to jointly run extended Jaipur Metro lines

22 Nov 2024 CW Team

The state government will operate the extended Metro rail lines connecting Badi Chaupar and Transport Nagar, and Mansarovar and the 200-feet bypass in a joint venture with the Union government, as stated by Vaibhav Galriya, the secretary of the urban development and housing (UDH) department, on Wednesday.

Discussions are ongoing to finalise the agreement. He explained that once the joint venture is established, the state government will need to cover only 20 per cent of the project’s construction cost. Officials indicated that while the Union government will contribute an additional 20 per cent, the remaining 60 per cent of the cost will be financed through a soft loan.

A senior JMRC official explained that all Metro rail projects across the country operate under this joint venture model, with Jaipur being the only exception so far.

Although work on Line 1D, which connects Mansarovar to the 200-feet Bypass, is progressing, Jaipur Metro Rail Corporation (JMRC) had halted construction on Line 1C, which connects Badi Chaupar and Transport Nagar, in September.

The second phase of the Jaipur Metro was funded by a Rs 9.69 billion loan from the Asian Development Bank (ADB), which JMRC has been struggling to repay.

Meanwhile, Hawa Mahal MLA Balmukund Acharya has written to UDH Minister Jhabar Singh Kharra, requesting a realignment of the Metro route from Badi Chaupar to Ramgarh Mod via Amer Road, which aligns with his assembly constituency.

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..