Tamil Nadu Urges Rs.630 Bn Allocation for CMRL Phase II in Budget 2024

28 Jun 2024 CW Team

Tamil Nadu has petitioned the Finance Ministry to allocate ?630 billion in Budget 2024 for Chennai Metro Rail Limited's (CMRL) Phase II expansion. The proposed funding aims to accelerate the development of crucial metro infrastructure in Chennai, addressing urban transit needs and fostering sustainable growth.

CMRL's Phase II project involves the extension of metro lines and the construction of additional stations to enhance connectivity across Chennai metropolitan area. The allocation sought is intended to cover costs associated with civil construction, procurement of rolling stock, and installation of essential metro infrastructure.

The funding request underscores Tamil Nadu's commitment to modernising urban transportation and promoting eco-friendly mobility solutions. Chennai Metro, a vital component of the city's public transit system, is expected to significantly reduce traffic congestion and air pollution while improving travel efficiency for residents and commuters.

The Finance Ministry's decision on the proposed allocation will play a crucial role in determining the timeline and scope of Chennai Metro's Phase II expansion. Stakeholders anticipate positive socio-economic impacts, including job creation, enhanced connectivity, and improved quality of life for Chennai's residents.

As discussions continue, Tamil Nadu remains optimistic about securing necessary budgetary support to expedite CMRL's Phase II implementation. The metro expansion project is poised to contribute to sustainable urban development goals and reinforce Chennai's position as a hub of efficient public transportation in India.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..