Six Firms Bid for Indore Metro Yellow Line’s Underground Section

25 Nov 2024 CW Team

Six construction firms, including one consortium, have submitted bids for the civil construction of Indore Metro Yellow Line’s underground section. The Madhya Pradesh Metro Rail Corporation Ltd. (MPMRCL) opened technical bids for the 8.626 km-long Package IN-05R, which features twin tunnels and seven underground stations.

Key Details of Package IN-05R Route: Connects a ramp near Indore Railway Station to a ramp near Devi Ahilya Bai Holkar Airport. Stations: Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and Airport. Contract Scope: Includes tunnel design, cut-and-cover sections, cross passages, ramps, and station finishing works. Tunneling Requirement: At least four tunnel boring machines (TBMs) for constructing 16 tunnels. Cost Estimate: ?25.5 billion ($305 million). Timeline: 4 years. This is the first underground package for the 33.53 km Indore Metro Phase 1 and will connect ongoing surface-level works on either side.

Bidders for IN-05R Afcons Infrastructure – Sam India Consortium Gulermak Agir Sanayi Insaat Ve Taahhut A.S. Hindustan Construction Co. – Tata Projects Ltd. (HCC – TPL JV) ITD Cementation India Ltd. J Kumar Infraprojects Ltd. (JKIL) Larsen & Toubro Ltd. (L&T) The technical bids will undergo evaluation, which is expected to take a few months. Financial bids for qualified firms will likely open by the end of Q1 2025, with the contract expected to be awarded in Q2 2025. Basic construction could begin in Q3 2025, with tunneling anticipated to start in Q3 2026.

Financing and Future Outlook This project is backed by a $200 million loan from the Asian Development Bank (ADB), pending board approval. Once awarded, this package will be the sixth and final civil contract for Indore Metro’s Yellow Line, marking a significant milestone in the city's metro development.

Real Estate

05 Sep 2025

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..

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..

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..