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)

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
Equipment

ABB India Unveils ACS380-E Drive for High-Performance Automation

ABB India has launched the ACS380-E drive, a next-generation machinery drive designed for automation-centric machine building, adding to its all-compatible drive portfolio. The solution simplifies machine integration and is future-proofed for industrial automation with advanced connectivity, faster commissioning and built-in cybersecurity capabilities.The ACS380-E features integrated dual Ethernet ports for plug-and-play communication with all major industrial automation networks, eliminating the need for separate modules and reducing installation complexity. The drive also supports fast USB-C..

Next Story
Building Material

Cement Makers Positive on H2 Demand Outlook

The leading cement producers have posted high single-digit volume growth and better sales realisation in the July–September quarter, setting a positive tone for the second half of FY26. Companies are upbeat on demand prospects, supported by a strong housing sector and continued government spending on major infrastructure projects. UltraTech, Ambuja Cement, Shree Cement, Dalmia Bharat and Nuvoco Vistas recorded revenue growth of up to 18 per cent in the September quarter. The rise was driven by firm realisations, softer input costs and an increased share of premium products. With coal price..

Next Story
Infrastructure Urban

Odisha Targets Role as MSME Hub for Eastern India

Odisha has set its sights on becoming the MSME gateway of eastern India, Chief Minister Mohan Charan Majhi said at the Odisha Industrial Conclave 2025, organised by Laghu Udyog Bharati (LUB). Calling the state a land of possibilities, he noted that Odisha has emerged as a leading destination for micro, small and medium enterprises.He said that reforms such as the Go-Swift single-window system now allow project approvals within a day. Odisha has also invested 6.1 per cent of its GDP in infrastructure development, which is expected to further accelerate industrial and MSME growth.Majhi emphasise..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App