Rapid Metro Gurgaon report total revenue surge by 10.49%
RAILWAYS & METRO RAIL

Rapid Metro Gurgaon report total revenue surge by 10.49%

Rapid Metro Rail Gurgaon Limited (RMGL) and Rapid MetroRail Gurgaon South Limited (RMGSL) have announced significant increases in both ridership and revenue for the first quarter of the 2024-25 financial year. Haryana Chief Secretary TVS N Prasad highlighted these developments during the Haryana Mass Rapid Transport Corporation Limited Board meeting. For the April to June 2024 period, total revenue surged by 10.49% year-over-year, reaching Rs 81.1 million. This boost is attributed to an 8.75% rise in ridership. Passenger numbers for the Rapid Metro network were 1.22 million in April, 1.348 million in May, and 1.23 million in June 2024. Prasad also discussed upcoming projects, including a new metro link connecting Sector 56 in Gurugram to Panchgaon. This 36-kilometer extension will feature 28 elevated stations. RITES Ltd has finalized the route and transportation system plans, with the Detailed Project Report (DPR) expected by August 31, 2024. This extension aims to improve connectivity and reduce congestion in the Gurugram area. Regarding the Ballabgarh to Palwal extension, the state government is accelerating the project. RITES Ltd has submitted a draft feasibility report, with the final report due in September 2024. Updates on other extensions: - Bahadurgarh to Asaudah: RITES Ltd is conducting a ridership assessment for this metro connectivity project, with the report expected by August 2024. - Faridabad to Gurugram: A feasibility study for metro connectivity involving a double-decker viaduct, in collaboration with the National Highways Authority of India (NHAI), is under review. - Chandigarh Tricity Comprehensive Mobility Plan: The plan for enhancing urban mobility in Chandigarh, Panchkula, and Mohali has been approved. The Unified Metropolitan Transport Authority (UMTA) will oversee its implementation, and RITES Ltd is preparing the detailed project reports. - New Delhi to AIIMS and NCI Badsa: RITES Ltd is assessing ridership for the metro project linking New Delhi to AIIMS and NCI Badsa in District Jhajjar. The 61 km route from HUDA City Centre to AIIMS, with an extension to NCI Badsa, will see its final ridership assessment report by September 30, 2024. (TOI)

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Rapid Metro Rail Gurgaon Limited (RMGL) and Rapid MetroRail Gurgaon South Limited (RMGSL) have announced significant increases in both ridership and revenue for the first quarter of the 2024-25 financial year. Haryana Chief Secretary TVS N Prasad highlighted these developments during the Haryana Mass Rapid Transport Corporation Limited Board meeting. For the April to June 2024 period, total revenue surged by 10.49% year-over-year, reaching Rs 81.1 million. This boost is attributed to an 8.75% rise in ridership. Passenger numbers for the Rapid Metro network were 1.22 million in April, 1.348 million in May, and 1.23 million in June 2024. Prasad also discussed upcoming projects, including a new metro link connecting Sector 56 in Gurugram to Panchgaon. This 36-kilometer extension will feature 28 elevated stations. RITES Ltd has finalized the route and transportation system plans, with the Detailed Project Report (DPR) expected by August 31, 2024. This extension aims to improve connectivity and reduce congestion in the Gurugram area. Regarding the Ballabgarh to Palwal extension, the state government is accelerating the project. RITES Ltd has submitted a draft feasibility report, with the final report due in September 2024. Updates on other extensions: - Bahadurgarh to Asaudah: RITES Ltd is conducting a ridership assessment for this metro connectivity project, with the report expected by August 2024. - Faridabad to Gurugram: A feasibility study for metro connectivity involving a double-decker viaduct, in collaboration with the National Highways Authority of India (NHAI), is under review. - Chandigarh Tricity Comprehensive Mobility Plan: The plan for enhancing urban mobility in Chandigarh, Panchkula, and Mohali has been approved. The Unified Metropolitan Transport Authority (UMTA) will oversee its implementation, and RITES Ltd is preparing the detailed project reports. - New Delhi to AIIMS and NCI Badsa: RITES Ltd is assessing ridership for the metro project linking New Delhi to AIIMS and NCI Badsa in District Jhajjar. The 61 km route from HUDA City Centre to AIIMS, with an extension to NCI Badsa, will see its final ridership assessment report by September 30, 2024. (TOI)

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?