Thane IRMRP To Float Tenders For Five Metro Stations

01 Dec 2025 CW Team

The Internal Ring Metro Railway Project (IRMRP) in Thane is set to progress, with Maharashtra Metro Railway Corporation Limited preparing to issue tenders for the construction of five elevated stations.

According to the Times of India, the Nagpur-based agency aims to accelerate initial works and open a section of the route for public use ahead of full commissioning. The metro line is expected to become fully operational by 2029.

Preliminary plans indicate that a 6 km priority stretch — comprising Dongripada, Vijay Nagari, Waghbil, Waterfront and Patlipada stations — may be the first to become functional.

The full corridor will consist of 22 stations, including two underground facilities at the old and new Thane railway stations. The forthcoming tender round, valued at Rs 2.4 billion, is expected to be released within days. Officials also noted that a sixth station, either at Manpada or Kashinath Ghanekar, may be added depending on land availability.

A senior project official said designs for the five stations are nearing completion and construction packages will be awarded shortly. The priority stretch reportedly faces fewer environmental and rehabilitation challenges, helping speed up execution.

Once completed, the 29 km route — 26 km elevated and the remainder underground — is expected to reshape mobility by connecting distant neighbourhoods with Mumbai and Kalyan through Metro Lines 4 and 5. Trains are planned to operate every 15 minutes, with projected ridership of 8.72 lakh passengers per day by 2045.

The Rs 122 billion project will be jointly funded by the state and central governments, along with revenue from branding rights, monetisation of station assets and value-capture mechanisms. The upcoming phase will also include geo-technical testing and coordination with municipal and traffic authorities.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..