Rs 85 bn Madurai Metro to start construction in 2024 and end in 2027

14 Apr 2023 CW Team

The Detailed Project Report (DPR), due to be finished by June, is an indication that the Madurai Metro Rail project is progressing significantly. The metro's construction will start in 2024 and should be completed by the end of 2027, according to MA Siddique, Managing Director, Chennai Metro Rail Limited (CMRL).

With a history spanning more than 2,500 years, Madurai is one of the oldest towns in the world to have been continuously inhabited. It is the third-largest city in terms of people and the second- largest city in terms of area in the state. From Thirumangalam to Othakadai, a distance of 31 km, is the projected length of the Phase-I metro project. Of the 18 stations, 14 will be elevated and four will be underground.

The first 26 kilometres of the metro will be on an elevated section, and the final 5 kilometres, which will be underground, will travel through neighbourhoods around temples. “The road from Goripal ayam to Vasantha Nagar in front of Meenakshi Amman temple will be tunnelled under Vaigai river because Madurai is an ancient city, to protect its legacy," added Siddique.

The project is anticipated to cost around Rs 85 billion, with central and state governments contributing 20% and outside investors contributing 60%. The DPR will provide data on the project's implementation strategy, social and economic implications, cost breakdown, and traffic study, according to a press statement from CMRL. For the purpose of creating the DPR for the Madurai Metro in February 2023, the state government had issued Rs 30 million tender.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..