Six Firms Shortlisted for Rs 12.9 Billion Gurugram Metro Work

07 Jul 2025 CW Team

The Gurugram Metro Rail Limited (GMRL) has shortlisted six out of eight companies as eligible for the Rs 12.86 billion construction tender for Phase 1 of the Gurugram Metro project. A senior GMRL official stated that financial bids are currently under evaluation, and the contract will be awarded to the lowest compliant bidder by the end of July.

Last week, the general consultant tender was finalised and awarded to a joint venture between DB and Hill International. GMRL is aiming to commence construction work at the earliest.

Phase 1 includes a 15.22 km viaduct, 15 stations, a 1.85 km spur to Dwarka Expressway, and a ramp to the upcoming depot in Sector 33. Metro stations to be built in this phase include Millennium City Centre (linked to DMRC via an interchange), Sector 45, Cyber Park (Sector 46), Sector 47, Subhash Chowk, Sector 48, Sector 33, Hero Honda Chowk, Udyog Vihar Phase 6, Sector 10, Sector 37, Basai, Sector 9 and Sector 101.

To fast-track work, GMRL has resolved the issue of relocating high-tension power lines across three pylons on Sector 43 Road. These will now be laid underground, with the Gurugram Metropolitan Development Authority (GMDA) agreeing to share half the cost. This will allow metro construction on the road’s central verge and provide scope for a future extension to Golf Course Road, connecting with the Rapid Metro if required.

The Gurugram Metro project will unfold in three phases. Phase 2 will link Sector 9 to Cyber Hub, while Phase 3 will see the development of a metro depot in Sector 33.

Infrastructure Urban

05 Nov 2025

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..

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..

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..