Rs 195.18 bn allocated to metro projects in Budget 2023-24

03 Feb 2023 CW Team

The government has allocated a total of Rs 195.18 billion to all metro projects across India in the Union Budget 2023-24, officials said on Wednesday.

Finance Minister Nirmala Sitharaman in her speech in Lok Sabha said, "Our vision for the 'Amrit Kaal' includes a technology-driven and knowledge-based economy with strong public finances, and a robust financial sector. To achieve this, Jan Bhagidari through Sabka Saath Sabka Prayas is essential".

The total budgetary outlay for the year 2023-24 for all metro projects stands at Rs 195.18 billion. The allocation in 2022-23 was Rs 191.30 billion. However, the revised budget estimates for the same for 2022-23 were 156.28 billion, according to budget documents.

In recent years, the Union Ministry of Finance has been allocating budget for all metro projects in India, instead of the Delhi Metro's alone, a senior official at the DMRC said.

The outlay for this year includes an equity investment of Rs 44.71 billion, subordinate debt of Rs 13.24 billion and pass-through assistance of Rs 137.23 billion.

The Centre has allocated Rs 35.96 billion to the National Capital Region Transport Corporation (NCRTC) for the country's first Regional Rapid Transit System (RRTS) project, a fall of about 23 per cent from the outlay in the last budget.

Also Read
459 routes involving 72 airports operationalised under UDAN
BKT launches EARTHMAX Crusher Haul & EARTHMAX SR 34

Infrastructure Energy

18 Sep 2025

L&T Secures Power Grid Orders in India, UAE and Oman

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro (L&T) has secured multiple grid infrastructure orders in India and abroad, including Distribution SCADA systems and Dynamic Reactive Power Compensation devices.In India, the project involves modernising power distribution in two towns through SCADA integration and smart technology. The scope also covers distribution transformer station upgrades and the conversion of overhead lines to underground cabling.In the UAE, L&T will design, deliver and construct two ±300 MVAr STATCOM systems at existing 400 kV..

Mahindra Lifespace to Redevelop Two Societies in Chembur

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure arm of the Mahindra Group, has been selected to redevelop two societies in Chembur, Mumbai, with a combined gross development value of approximately Rs 17 billion.The societies cover around 2.6 acres and 1.8 acres respectively. The redevelopment plans include well-designed homes prioritising sustainability, modern amenities, and enhanced connectivity, aiming to offer residents a superior living experience while creating long-term value through environmentally responsible practices.Vimalendra Singh, Chief Business ..

Sterling Gtake Partners with China Firm for EV Tech

Sterling Tools, through its subsidiary Sterling Gtake E-Mobility (SGEM), has announced its entry into the electric vehicle (EV) segment with On-board Chargers and DC/DC converters.SGEM has signed a Technology License and Supply agreement with Landworld Technology Co., China, to locally manufacture On-board Chargers, DC/DC converters, and Multi-Function Units. These units combine On-board Chargers, DC/DC converters, and Power Distribution Units (PDUs), and are essential for the electrification of passenger and commercial vehicles. Manufacturing will take place at SGEM’s EV campus in Faridabad..