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
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement